Algeria trade surplus up on higher energy earnings

Reuters, Sunday 26 Dec 2010

Algeria`s trade surplus reached $14.8 billion in the last 11 months due to increase in oil prices.

Higher world oil prices pushed Algeria's trade surplus up to $14.80 billion in the first 11 months of 2010 from $4.70 billion in the same period last year, official figures showed on Saturday.

Exports were up 26.8 percent to $51.27 billion from $40.44 billion in January-November 2009, while imports were up 1.9 per cent to $36.43 billion versus $35.76 billion in the first 11 months of last year, the official APS news agency reported, citing customs data.

The value of oil and gas sales abroad, which accounted for 97.16 per cent of total exports, rose 26.24 per cent to $49.80 billion, it said.

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