São Paulo – Algeria had US$ 4.63 billion trade surplus in 2014, down 53.5% from US$ 9.9 billion in 2013. According to information released this Tuesday (20th) by the Algerian Customs’ National Centre of Data Processing and Statistics (CNIS) and published by news agency Algérie Presse Service (APS), exports dropped and imports went up last year.
Exports grossed US$ 62.9 billion in 2014, down 3.1% from 2013. The decline was due to a 4.5% reduction in sales of oil and oil products, an industry which accounts for 95.5% of the country’s overall exports.
Conversely, imports were up 6% to US$ 58.3 billion in 2014. Imports increased for agricultural machinery, industrial equipment and foodstuffs, and declined for “energy products and lubricants” and non-food consumer goods.
The leading importers of products from Algeria were Spain, Italy, France, Britain, Netherlands and United States. The leading product suppliers to Algeria were China, France, Italy, Spain, Germany and United States.
*Translated by Gabriel Pomerancblum
