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China remains top trade supplier of Algeria in 2018

Enlarged font  Narrow font Release date:2019-02-11  Source:China daily  Browse number:691
Note: ALGIERS -- China consolidated its position as the largest trade supplier of Algeria in 2018, according to a report by Al

ALGIERS -- China consolidated its position as the largest trade supplier of Algeria in 2018, according to a report by Algerian Customs on Saturday.


Algeria imported from China goods and services worth $7.85 billion in 2018, representing 17 percent of the total import of the North African nation, the report said.


China has remained the top exporter to Algeria for the past six years, it added.


France is the second largest exporter to Algeria with $4.78 billion, followed by Italy ($3.65 billion), Spain ($3.53 billion) and Germany ($3.18 billion).


However, Algeria witnessed a 53.73-percent decline in its trade deficit to $5.03 billion in 2018, against $10.87 billion in 2017, said the report.


The decrease in trade deficit is the result of improved oil prices combined with the policy of restricting import adopted since the beginning of 2017 by the Algerian government, the report said.


According to the report, the country's exports amounted to $41.16 billion in 2018, up 16.98 percent from 2017.

 
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