Tunisia's trade deficit narrowed to TND 970.5 million in January 2020 from TND 1568.3 million in the same month of the previous year. It was the shortest monthly trade shortfall since February of last year, as imports slumped 14.1% year-on-year to TND 4626.1 million, owing to lower purchases of capital goods (-24.8%); agricultural goods (-22.5%); raw materials (-8.8%) and energy products (-8.9%). Among main import partners, acquisitions declined from the EU (-15.7), primarily France (-20.3%) and Italy (-13.5%). Meantime, exports fell 4.2% to TND 3655.6 million, as sales decreased for energy products (-12.6%) and manufactured products (-12.7%). Among main export partners, shipments went down to the EU (-4.3%), namely Germany (-14.8%) and France (-9.9%).
Balance of Trade in Tunisia averaged -604.33 TND Million from 1993 until 2020, reaching an all time high of -40.30 TND Million in March of 2007 and a record low of -2363.60 TND Million in April of 2019. This page provides - Tunisia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Balance of Trade in Tunisia is expected to be -1900.00 TND Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Tunisia to stand at -1900.00 in 12 months time. In the long-term, the Tunisia Balance of Trade is projected to trend around -1850.00 TND Million in 2021 and -1350.00 TND Million in 2022, according to our econometric models.