Tunisia’s trade deficit soared 12% to a near-record $7.2bn for 2018, with a record 33% of this accounted for by oil and gas imports. With dwindling oil and gas output and higher oil prices, Tunisia is increasingly at the mercy of the global energy markets.

Tunisia’s struggling economy racked up a $7.2bn trade deficit in 2018 with net oil and gas imports accounting for a record $2.3bn – 33% of the total.

Gone are the days when Tunisia was a net oil exporter. Having peaked...