Algeria’s trade surplus for 2013 halved to $11.1bn despite oil prices remaining buoyant. The country’s imports soared by $4.5bn to almost $55bn whilst the value of exports – 97% of which are hydrocarbons – fell by over 8% to $65.9bn, according to recently-released official customs statistics.
With the per barrel price of Algeria’s crude exports falling by only 2% over the same period most of the revenue slump is due to lower volumes of hydrocarbon exports. (CONTINUED - 214 WORDS)
