Economic Slowdown in Tunisia in First Quarter
Saturday, 04 18 2020, Category: Economy, Country: Tunisia
Tunisia’s National Institute of Statistics has revealed an economic slowdown in the first three months of 2020.
Tunisia's foreign trade reached 10,514 million dinars ($3.6 million) in exports and 14,020 million dinars ($4.8 million) in imports during the first quarter, posting a drop of 11.2 percent for exports and 11.4 percent for imports, compared to the same period in 2019, it said.
The decline in the volume of exports had an impact on most sectors, except for mining, phosphates and derivatives, which witnessed a 20.5 percent growth.
There was a drop in exports volume in the energy and lubricants sector (-22.2 percent), the textiles/clothing and leather sector (-19.4 percent) and the mechanical and electrical industries sector (-14.9 percent).
Source: Asharq Al-Awsat