Skip to content Skip to Search
Skip navigation

Record deficit: Tunisia’s trade deals in numbers

Tunisia Reuters
Tunisia is battling an economic crisis, with inflation rising to 10.1% in December

Tunisia posted a record 55 percent increase in its trade deficit in 2022, reaching TND 25.2 billion ($8.18 billion), according to figures released by the National Institute of Statistics.

As the North African country battles an economic crisis, the deficit increase was attributed largely to the loss of trade with several key countries, including China, Turkey, Algeria, Russia, Italy and Spain.

Country2022 trade deficit (in Tunisian dinar)
China 8.5bn

However, the trade balance in goods recorded a surplus with some other countries, mainly France, Germany and Libya.

Country2022 trade surplus (in Tunisian dinar)

The trade balance deficit, excluding energy, narrowed to minus TND 14.6 billion. The energy balance deficit stood at minus TND 10.5 billion (41.9 percent of the total deficit).

Exports grew by 23.4 percent to TND 57.5 billion, and this rise covers several sectors:

Sector2022 export growth
Mines, phosphates and derivatives56.1%
Agro-food industries34.1%
Textiles, clothing and leather21%
Mechanical and electrical industries14.5%

Tunisian exports to the EU – which make up 67.5 percent of the country’s total exports – were up by 18.7 percent.

Exports to Algeria, meanwhile, were up 54.4 percent and to Libya, up by 36.5 percent.

Imports from the EU – which made up 44.2 percent of the country’s total imports – posted a 21.9 percent rise to TND 3.5 billion. Imports grew by 15.9 percent from France, 41.3 percent from Italy and 9.3 percent from Germany.

Imports recorded faster growth at a rate of 31.7 percent against 22 percent in 2021, reaching TND 82.8 billion.

Sector2022 import growth
Raw materials and semi-products33%
Consumer goods13.8%
Capital goods12%

The inflation rate confirmed its upward trend in December 2022, rising to 10.1 percent, from 9.8 percent in the previous month.

Latest articles

Indian prime minister Narendra Modi (left) completed a visit to the UAE in February to sign deals on trade cooperation

Indian investment in GCC falls despite increased trade

Investment from India into Gulf countries has dropped considerably despite growth in bilateral trade due to the country adopting a more protectionist approach. Trade between India and the group of six GCC countries – Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE – reached almost 16 percent of the country’s total in the last […]

Mohammed El-Kuwaiz, chairman of Saudi Arabia's Capital Market Authority

Saudi investors fined $1m for insider trading

Saudi financial authorities have fined five investors and one company almost SAR5 million ($1.3 million) for insider trading and other capital market law violations, the latest in a series of crackdowns on corruption in the kingdom.  The investors and the company, Erada and Riyada for Development and Commercial Investment, committed crimes including buying shares of […]

Photography, Clothing, Glove

Qatar signs 15-year urea supply pact with US company

Qatar, the world’s second-largest exporter of urea, has signed a long-term urea supply agreement with US-based Koch Fertilizer.  The 15-year agreement, starting in July, will lead to the supply of up to 0.74 million tonnes per annum (MTPA) of urea, state-backed QatarEnergy said in a statement. Locally manufactured urea will be supplied to the agricultural […]

Adnoc's Ruwais LNG project. The company has approved capital expenditure of $150 billion for 2023-2027

Adnoc to reach its 5m bpd oil target before 2027

Abu Dhabi National Oil Company (Adnoc) is likely to reach its 5 million barrel per day (bpd) oil production capacity expansion by the end of next year or early 2026, Bloomberg reported, citing people aware of the operations. The oil company announced in November 2022 that the new target was to be achieved by 2027 […]