Saudi’s: Algeria’s Trade Deficit Increases in H1 2019

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Algeria’s Trade Deficit Increases in H1 2019

Wednesday, 14 August, 2019 – 11:45
Algerian youths sit near the Martyrs’ Memorial in Algiers (Reuters)
Algiers- Asharq Al-Awsat
Algeria’s trade deficit amounted to $3.18 billion during the H1 of 2019 against $2.84 billion during the same period of 2018, official data showed on Tuesday.

Algerian exports totaled $18.96 billion during H1 2019 compared to $20.29 billion during the same period in 2018, down 6.57 percent.

Meanwhile, imports fell to$22.14 billion compared to$23.14 billion, down 4.3 percent, according to figures provided by the Algerian Customs’ Department of Studies and Prospects.

France has topped the list of Algerian export customers with exports worth $2.66 billion, followed by Italy with $2.5 billion dollars and Spain with $2.26 billion.

China, however, remained the top exporter to Algeria with exports worth $4.2 billion, followed by France with $2.14 billion, and Spain with $1.68 billion.

Fuel exports, which accounted for 93.1 percent of the total exports, amounted to $17.65 billion, a decrease of 6.31 percent compared to $18.84 billion during the same period of 2018. While other exports fell 10.01 percent to $1.31 billion.

As for imports, five out of seven product groups included in the import division have decreased during H1 2019 compared to the same period last year.

The energy and fuel group’s import bill fell 62.22 percent to $275.51 million from $729.32 million during the same period.

And the imported food bill was estimated at $4.13 billion, compared with $4.61 billion, a decline of 10.52 percent

A report published by the Algerian news agency (APS) a few days ago reported that Algeria’s food import bill fell by more than $480 million in 2019’s first half.

It explained that this fall is mainly due to the decline in the import of cereals, milk and its derivatives, sugar, residues, and waste products of the food industry and others.

Last week, the Algerian National Office of Statistics revealed in a report that Algeria’s economy has achieved an annual growth of 1.4 percent in 2018, compared to 1.3 percent in 2017.

In a publication on economic accounts from 2015 to 2018, it showed that the growth index remains “positive” despite the economic context characterized by a current account deficit in the balance of payments, low exchange reserves and a decline in the level of growth in the non-fuel sector.

The growth rate of non-fuel GDP has amounted to 3.3 percent in 2018, compared to 2.1 percent in 2017, indicating “a good performance,” the Office added.

Economic growth has witnessed a five percent increase in the agriculture sector, 5.2 percent in public works, construction, and irrigation, including petroleum public works, and a 4.1 percent increase in industry.

Morocco Summons Algeria Envoy over Deportation of Syrian Refugees

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

Middle East

Morocco Summons Algeria Envoy over Deportation of Syrian Refugees

Morocco

The Moroccan Interior Ministry accused Algerian authorities of deporting 55 Syrians, including women and children, towards the kingdom as Rabat summoned the Algerian envoy over the development.

The ministry statement said that the Algerian authorities have “cornered” the refugees nears the border city of Figuig.

The Moroccan authorities “condemned these inhumane actions by the Algerian authorities against these refugees, especially when it comes to women and children who are in a fragile state.”

It questioned how the authorities in the neighboring country have not catered to the displaced and instead forced them towards Moroccan soil.

The development has forced Morocco to summon Algeria’s ambassador to express concern after the Syrians attempted to “illegally enter” the country from Algeria, the ministry of foreign affairs said in a statement on Sunday.

It said 54 Syrians attempted to enter Morocco through the border town of Figuig, an area surrounded by mountains, between April 17 and 19. It accused Algeria of forcing them to cross into Morocco.

“Algeria must assume political responsibility and morality concerning this situation,” the ministry statement on MAP state news agency said.

“It is immoral and unethical to manipulate the moral and physical distress of these people, (and) to sow trouble in the Morocco-Algerian border.”

There was no immediate response from Algeria on state news agency APS.

Some 5,000 Syrians have gone through a migration regulatory process in Morocco, with several hundred receiving refugee status, according to Morocco’s ministry of foreign affairs.

Morocco and Algeria share a 1,500 km (970 mile) land border that runs from the Mediterranean Sea to the Sahara Desert which has been shut since 1994.

The North African neighbors have had a contentious relationship since independence from France. Border disputes triggered an armed conflict in the 1960s known as the “Sand War”.

One of their biggest disputes has been over Western Sahara, a former Spanish colony, most of which Morocco annexed in 1975.

Algeria supports and hosts the Western Saharan independence movement Polisario, a stance which angers Morocco.

Asharq Al-Awsat English

Asharq Al-Awsat English

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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