Algeria oil exports plunge 45% through May
Oil exports, which account for more than 95% of all sales abroad, were $14.91bn (€13.31bn), against $27.35bn a year earlier, APS news agency said quoting customs statistics.
That sent the trade balance into a deficit of $6.38bn from a surplus of $3.44bn.
The decline in revenues resulted from a sharp drop in the oil price. Overall, Algerian exports totalled $15.94bn, a decline of 43.7%, while imports fell 10.22% to $22.33bn.
The North African country's main customers were Spain, the Netherlands, Italy, France and Britain.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
