Algeria Trade Surplus Falls
Algeria’s trade surplus in the first five months of 2013 fell by 49.7% to $6.27bn from $12.47bn in the corresponding period of 2012, according to latest trade statistics from Algeria’s customs office. Oil export revenue, which accounted to 96% of the total, fell by 9.8%to $28.71bn in the first five months of 2013.
Algeria central bank governor Muhammad Laksaci earlier this month said that the Algerian economy...