Food trade balance posts surplus of 76 MD in January 2018 | Tunisia News Gazette

Food trade balance posts surplus of 76 MD in January 2018

The food trade balance posted a surplus of 76 million dinars in January 2018, against a deficit of 232.9 MD in January 2017, according to a statement released Monday by the Ministry of Agriculture, Water Resources and Fisheries.

The coverage rate of imports by exports grew 118.7% in the same period as against 50.5% in 2017.

This growth is due to the increase in the value of food exports by 102.3% and lower imports by 13.4 percent, the statement said.

Exports of food products reached 481.9 MD in January 2018, soaring 102.8% compared to January 2017, following the increase in olive oil exports (236.2MD against 71.9MD), in addition to price increases by 11% and the rise in seafood receipts (62%) and dates (43%).

The sales value of fresh vegetables doubled (236.2 MD against 71.9 MD) and that of exports of canned vegetables and fruits increased by 55%, according to the same source.

On the other hand, some other food products, including pasta and canned fish, recorded a decline in the value of their exports by 13% over the same period.

The value of food imports reached about 405.9 MD in January 2018, posting a decrease of 13.7% compared to January 2017, following the fall in the value of imports of soft wheat (17%), barley (57%) and maize (60%), in addition to the decline in imports of the majority of food products considered non-essential, representing a rate of 10% of the overall imports compared with 20% in the same period of 2017.

On the other hand, several other food products recorded an increase in the value of their imports during this period, such as durum wheat (14%), vegetable oils (21%) and sugar (35%).

The value of food imports reached 9.3% of the country’s overall imports in January 2018, compared to 13.5% in January 2017.

Source: TAP News Agency

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