Tunisian trade deficit widens 23 pct in first nine months

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Tunisian employees work at an underwear factory in Sfax, 260 km (162 miles) south of Tunis, file. REUTERS/Zoubeir Souissi

TUNIS (Reuters) – Tunisia’s trade deficit widened 23 percent year on year in the first nine months to 11.480 billion dinars, the State Statistics Institute said on Thursday.

The growing deficit is one of the main problems facing the government of Prime Minister Youssef Chahed.

It has contributed to an erosion of Tunisia’s foreign currency reserves, which sank to just 90 days of imports in July, the weakest in three decades.

The deficit with China alone reached 8.3241 billion dinars.

In an attempt to curb the deficit, Tunisia in April imposed restrictions on imports of some goods.

Reporting By Tarek Amara; editing by John Stonestreet

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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