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Tunisia Exports, Imports Drop in 2019

Tunisia Exports, Imports Drop in 2019

Tuesday, 21 January, 2020 - 09:00
A vendor sells lemons at a market in downtown Tunis, Tunisia November 20, 2019. (Reuters)
Tunis - Mongi Saidani
Tunisia's National Institute of Statistics revealed that the country recorded a drop in trade in 2019, with imports declining by 9 percent compared to 2018.

The drop in imports included the included the mechanical and electrical industries that fell by 12.1 percent and the fabrics, clothes and leather industry dropped by 8.4 percent and the farming and food industries dropped by 6.7 percent.

During the same period, Tunisian exports witnessed an estimated 5 percent decline, which included a respective drop by 16.6 percent, 6 percent, 7.3 percent and 2.4 percent in the farming sector and food industries, fabrics, clothes and leather, the energy sector, and mechanical and electrical industries.

Economic expert Jannat bin Abdullah affirmed that the economic slump in the past year affected trade given that Tunisia saw a growth that did not exceed 1 percent. The main economic drivers, such as exports and various investment fields, did not perform very well, she added.

The National Institute of Statistics revealed that China was behind 30 percent of the record trade deficit, which surpassed TND19 billion (around USD6.3 billion).

Five other economies that Tunisia deals with stand behind 80 percent of the trade deficit in the country.

The institute noted the record contribution of countries in the trade deficit: China, alone, is responsible for 30.4 percent while Algeria contributes with 16 percent, Italy by 14 percent, Turkey with 12.5 percent and Russia with 7.3 percent.

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