ALGERIA

Algeria Surplus Down

Algeria’s trade surplus in the first nine months of 2014 has fallen by 18.2% to $5.4bn, from $6.6bn in the corresponding period of 2013, latest official customs statistics show. The value of exports stood at $49.23bn, of which $47.18bn (96%) came from oil and gas.

The trade surplus was $21.49bn as recently as 2012, but rising imports and falling gas export volumes have seen hydrocarbon income collapse. The latest fall in crude prices –...