Deficit in energy trade balance narrows 7% in 2023, says National Energy and Mines Observatory

The deficit in the energy trade balance narrowed 7% in 2023 compared to 2022, (taking into account the royalty on Algerian gas exported via Tunisia). The deficit reached TND 8,993 million, as per the December 2023 monthly report on energy trends published by the National Energy and Mines Observatory. Energy product exports saw a 23% drop in value by the end of December 2023 compared to the same period in 2022, amounting to TND 4,083 million. Similarly, imports decreased by 13%, totalling TND 13,076 million, according to the same source. The value of petroleum product exports dropped by 35% in 2023 compared to the previous year, settling at TND 913 million. The value of petroleum product imports also decreased by 13% compared to 2022, amounting to 7,846 MD. Likewise, the value of crude oil imports took a 29% dive, to TND 1,713 million. Source: Agence Tunis Afrique Presse