ALGIERS, April 26 (Reuters) – OPEC member Algeria’s energy earnings fell 28.17% in the first two months of 2020, causing the trade deficit to rise by nearly 80% from the same period a year earlier, the government said on Sunday.
Algeria has been trying to cut its imports bill after a sharp fall in energy revenues caused by a slide in global crude oil prices and domestic output volumes.
The value of oil and gas exports, which accounted for 93.08% of Algeria’s total sales abroad, stood at $4.56 billion, down from $6.35 billion during January-February 2019, according to customs figures.
That caused the trade deficit to rise to $1.23 billion from $686.51 million in the first two months of last year.
Overall exports reached $4.9