Oil prices boost Algerian exports
A new report has shown that Algeria’s trade surplus during the first four months of the year 2011 amounted to about US$8.6 billion, compared to US$6.8 billion during the same period last year, 2010.
According to the report, Algeria’s exports amounted to US$23.63 billion during the first months of this year, say an increase of 16.45%.
The report relates the increase in the value of Algerian exports to the increase of oil prices, which still represents 97.49% of the total volume of the north African country’s exports. Source: www.yallafinance.com.