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Positive signs of trade balance improvement in January 2018

The Tunisian economy got off to a good start in the new year, with improved trade and an increase in tourism in January 2018 compared to the same time last year, TAP reports.

The coverage ratio of imports with exports improved by 7%, going from 64.8% to 72.8% between 2017 and 2018, with a 39% increase in exports and a 25.5% increase in imports, according to TAP.

The general coverage ratio increased by 10.4% in January 2018, which allowed the value of the Tunisian dinar to stabilise on the foreign exchange market. Farm and food sector exports doubled to 507 million dinars.

The mechanical and electrical industry sectors also saw growth, with increases of 27% and 26%, respectively.

Tourism revenue rose 15.7%, from 131.1 million dinars at the end of January 2017 to 151.7 million dinars at the end of January 2018, TAP underlined.

TunisianMonitorOnLine

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