\n The trade balance showed a deficit of TND 16,543 million during the first 11 months of 2023, compared with a deficit of TND 23,296.5 million during the same period in 2022. The coverage rate increased by 8.1 points to 77.2% compared to the same period in 2022, according to the foreign trade note at current prices for November 2023, published by the National Institute of Statistics (INS) on Sunday.<\/p>\n
This deficit is mainly due to the deficit recorded with certain countries such as China (TND-7,759.6 million), Russia (TND -6,385.1 mln), Algeria (TND -3,932.9 mln), Turkey (TND-3,002.7mln), Brazil (TND -1,227.9 mln) and Egypt (TND-804.4 mln).<\/p>\n
On the other hand, the balance of trade with other countries recorded a surplus, mainly with France (TND 5,340 mln), Germany (TND 2,587.6 mln), Italy (TND 1,346.5 mln) and Libya (TND 2,098.7 mln).<\/p>\n
On the other hand, the trade deficit excluding energy fell to TND 7,432.7 mln. The energy deficit amounted to TND 9,110.3 mln (55.1% of the total deficit) compared to TND 9,195.1
\nmlnin the eleven months of 2002.<\/p>\n
Exports up by 7.6%<\/p>\n
The results of Tunisia’s foreign trade at current prices during the eleven months of 2023 show that exports increased by 7.6% compared with +24% during the same period in 2022. They reached the level of TND 56,114.1 mln against TND 52,149 mln during the eleven months of 2022.<\/p>\n
The increase in exports was spread across several sectors. Exports of food and drink rose by 14.1%, textiles, clothing and leather by 8.4% and machinery and electrical equipment by 16.8%. On the other hand, exports of energy fell by 23.5% and exports of mining, phosphates and derivatives by 25.7%.<\/p>\n
Imports down by 3.7%<\/p>\n
Imports fell by 3.7%, compared with an increase of 33% over the same period in 2022. In value terms, imports reached TND 72,657 mln compared with TND 75,445.5 mln in 2022.<\/p>\n
The decline in imports is due to the fall in imports of energy products (-8.1%) and raw materials and semi-finished goods (-7.1%). Imports of capital goods and consumer goods increase by 2.4% and 2
\n.3% respectively.<\/p>\n
Geographical breakdown of trade<\/p>\n
Tunisia’s exports to the European Union (71% of total exports) increased by 13%. This trend is explained by the increase in exports to several European partners, such as France (+10.6%), Italy (+19.9%), Germany (+11.2%), Spain (+22.1%) and the Netherlands (10.3%). Exports to Arab countries increased with Algeria (+21%) and Libya (+8.2%), and decreased with Egypt (-18.5%) and Morocco (-3.7%).<\/p>\n
Imports from the European Union (43.5% of total imports) fell by 7.3% to 3,137 million tonnes. Imports from France fell by 3.1%, from Italy by 17.7% and from Spain by 14.4%. They increased by 18% in Germany and by 23.2% in the Netherlands.<\/p>\n
Outside the European Union, imports increased with Russia (+139.2%), Brazil (+28.7%), Switzerland (+8.9%) and the United Kingdom (+15.3%). They fell with Turkey (-24.1%), China (-2.9%) and the United States (-15.4%).<\/p>\n
Source: Agence Tunis Afrique Presse <\/p>\n","protected":false},"excerpt":{"rendered":"
The trade balance showed a deficit of TND 16,543 million during the first 11 months of 2023, compared with a deficit of TND 23,296.5 million during the same period in 2022. The coverage rate increased by 8.1 points to 77.2% compared to the same perio…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\n