Foreign trade balance posts deficit of 16,215.1 MD in 2021 [Upd 1]
11/01/2022 14:35, TUNIS/Tunisia
(TAP) - The trade balance for 2021 posted a deficit of 16, 215.1 million dinars (MD) compared to 12,757.8 MD in 2020. The coverage rate fell by 1 percentage point compared to last year, reaching 74.2%,  the National Institute of Statistics said Tuesday in its Foreign Trade at Current Prices December 2021 note.

The deficit was driven by high imports, particularly from China (-6,325,5 million), Turkey (-2,655,9 million), Russia (-1,440 million) and Algeria (-1,554,4 million). Meanwhile, the trade balance of goods showed a surplus mainly with  France (4,001,2 million), Germany (1,860 MD) and Libya (1,588,5 million).

The trade balance excluding energy declined to - 10,995.9 MD, while the energy trade  balance shrank to -5,219.2 MD (32.2% of the total deficit) against -4,200.5 MD in 2020.

// Exports and imports grow 20.5% and 22.2% respectively in 2021//

In 2021, exports posted a 20.5% rise in comparison with an 11.7% drop in  2020. They amounted to
46, 654.2 MD against 38, 705.9 MD in 2020.

Higher exports were reported in several sectors.  Energy sales jumped 39%, while those of mines, phosphates and derivatives rose 83.2%.  Textile, clothing and leather followed suit with (+14.4%) along with
mechanical and electrical engineering industries (+21.9%).  A downward tendency was seen in the exports of food processing (-3.9%).

Similarly, imports surged 22.2% against a 18.7% drop in 2020.  The value of imports reached 62,869.2 MD against 51,463.7 MD in 2020. The increase is the result of higher imports of capital goods (+ 16%), raw materials and semi-finished products (+ 29.7%), consumer goods (+ 17%) and energy ( +29.3).

// Geographical distribution of foreign trade//
Tunisian exports to the European Union (70.2% of total exports) expanded 13.9%. This is the consequence of higher exports to some European partners, such as France (+ 10.7%), Italy (+ 31.4%) and Germany (+24, 9%) and diminished sales to others, notably Spain (-16.4%) and Greece (-5.6%).
Exports to Algeria fell 20.2%, while respective rises of 43.5% and 24.5%  were reported for exports to Algeria and Libya.
Imports with the European bloc  (47.7% of total imports) increased 16.9% to stand at 30,018.9 MD. Imports surged 9% with France, 15.8% with Italy and 15.4% with Germany.



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