Tunisia trade deficit narrows, forex reserves rise - official data
Published 13 Jan,2021 via Asharq Alawsat (English Edition) - Tunisia’s trade deficit dropped by 6.6 billion dinars ($2.7 billion) in 2020 to $4.7 billion as imports declined because of the coronavirus pandemic, the state statistics institute said on Tuesday.
The deficit decreased from 19.43 billion dinars ($7.2 billion) in 2019 to 12.75 billion dinars ($4.7 billion) in 2020. Imports fell by 18.7 percent to 51.4 billion dinars, official figures showed.
Worsening trade deficits have been a dilemma in recent years. However, its decline this year was one of the main reasons for the increase in foreign exchange reserves in the country.
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Asharq Alawsat