Oil prices boost Algerian exports

Published May 24th, 2011 - 06:50 GMT

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.

 


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