Algeria oil exports plunge 45% through May
Oil exports, which account for more than 95 percent of all sales abroad, were $14.91 billion (13.31 billion euros), against $27.35 billion a year earlier, APS news agency said quoting customs statistics.
That sent the trade balance into a deficit of $6.38 billion from a surplus of $3.44 billion.
The decline in revenues resulted from a sharp drop in the oil price.
Overall, Algerian exports totalled $15.94 billion, a decline of 43.7 percent, while imports fell 10.22 percent to $22.33 billion.
The North African country’s main customers were Spain, the Netherlands, Italy, France and Britain.
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