Middle East Economic Survey

VOL. LII

No 18

04-May-2009

ALGERIA

Algerian Export Revenues Fell 42% In 1Q09

Algeria registered a 42% year-on-year drop in the value of receipts for first quarter exports to $10.74bn in 1Q09, Al-Watan newspaper reported on 21 April. New data from the National Computing and Statistics Centre (CNIS) of Algerias Customs Authority showed that exports of hydrocarbons, which account for 97.27% of the overall value of receipts, plunged 42% from $18.01bn during the first quarter...