Tunisia: Energy Trade Balance Deficit Shrinks 41 Percent (March 2020 - March 2021)

Tunis/Tunisia — The trade balance energy deficit went from 1,727 million dinars during the first quarter (Q1) of 2020 to 1,028 million dinars during Q1 of 2021, i.e. a 41% decrease (taking into consideration royalties on exported Algerian natural gas).

According to the monthly report of the National Observatory of Energy and Mining (ONEM) on Tuesday, the exports of energy products saw a 75% increase in value during Q1 of 2021.

As for imports, they experienced a 19% drop in value, particularly those of petroleum products, which have fallen 8%.

The energy independence rate, which represents the ratio of primary energy resources, improved from 59% in Q1 of 2021 to 43% in Q1 of 2020, according to the same source.

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