finance & economy

Foreign trade at constant prices edges down in January 2021 (INS)

February 24, 2021

(TAP) - Tunisia's foreign trade saw a 4.5% drop in imports and a 7.4% decline in exports in volume (constant prices) in January 2021 compared to the same period in 2020, according to the National Institute of Statistics (INS).

In terms of prices, a 5.9% decrease in imports and 0.6% drop in exports was also reported by the INS in a note on 'Foreign trade at constant prices base 2015 January 2021', published Tuesday.

Tunisia's foreign trade in current values reached 3,655.6 million dinars in exports and 4626.1million dinars in imports, in January 2021, posting a decline of 7.9% in exports and a drop of 10.1% in imports, compared to January 2020.

Excluding energy, prices fell by 6.7% for exports and 6.1% for imports, compared to January 2020.

The decline in export volumes in January 2021 affected most sectors, mainly the textiles, clothing and leather sector (-14%), the mechanical and electrical industries (-3.4%) and the mining, phosphates and derivatives sector (-61.8%).

On the other hand, exports from the agriculture and food sector increased in volume by 3.6% compared to January 2020.

Regarding imports, the change in volume is marked by a decline in most sectors, particularly those of mechanical and electrical industries (-6.6%), textiles, clothing and leather (-6.6%), as well as mining, phosphates and derivatives (-21.5%).

On the other hand, imports from the agriculture and food-processing sector as well as those from the energy and lubricants sector went up in volume by 5.2% and 3.9% respectively, compared to January 2020.

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