The decline in olive oil revenues in Tunisia has played role in country trade deficit

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Employees monitor stock trading at the Tunisia Stock Exchange February 1, 2011. Tunisia’s small stock market begins to trade after a two week suspension following the “Jasmine Revolution”. REUTERS/Louafi Larbi (TUNISIA  Tags: – Tags: BUSINESS) – RTXXD09

Tunisia’s trade deficit has worsened during the first ten months of 2016 to 10,781.2 million Tunisian dinars (MTD), compared with 10,237 MD in the same period 2015, according to the results of foreign trade published by the National Institute of Statistics.

As a result, import coverage by exports declined by 0.5 percentage points to 68.4% from 68.9% in the same period of 2015.

This trade deficit is due to the deficit recorded in the energy balance (2,672.5 MTD compared to 2,947.8 MD in 2015), which represents 24.8% of the overall deficit and also in the balance of food (-884 MTD against a surplus of 143.3 MD in 2015), due to the decrease in the quantities of exported olive oil.

Exports of agricultural and food products fell by 31%, following the decline in olive oil revenues (662.9 MTD in 2016 compared with 1,785.6 MTD in 2015).

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