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MENAFN - 12/07/2012

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(MENAFN) Official data showed that Tunisia's trade deficit widened in the first half of 2012, as imports grew faster than exports, Allafrica.com reported.

According to the National Statistics Institute, the North African nation's exports rose by 4.5percent in the first half to USD8.266 billion from USD7.9 billion a year earlier.

However, imports grew at a faster pace by 14.8 percent to USD11.6 billion in the period from USD1012 billion a year earlier. This led to a widening trade deficit by USD597.5 million and the decline in the coverage rate by 7 points, falling from 78.2 percent to 71.2 percent.

Tunisia's exports to the European Union, which account for 71.5 percent of the overall exports, have fallen by 4 percent.

Tunisia's imports from the European Union, which account for 55.3 percent of the overall imports, have increased by 6.3 percent to USD6.42 billion.

 






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