Imports/Exports in Tunisia
The current account of Tunisia is structurally deficient. The balance of trade in services is positive, but it can't offset the deficit of the trade balance. In 2008 and 2009 Tunisia showed a trade balance deficit of 10% of the GDP because of the surge in oil prices. After a slight improvement during the year 2010, a deterioration of the current account was again expected for 2011. In this context, the impact of the political events of early 2011 shouldn't reverse this trend.
Tunisia is following through its policy to open up its economy and has signed an association agreement (summary in French) with the European Union, removing tariff and trade barriers on most goods. It also signed a Trade and Investment Framework Agreement (TIFA) with the United States, which will later become a free trade agreement. During the first half of 2010, the country experienced a dynamic resumption of foreign trade, especially an increase in exports of mechanical, electric and electronic goods. However, this growth also brought about a worsening of the trade balance, due to trade in agricultural products and energy.
Tunisia's main import and export partners are the European Union, Libya, Russia and China. France remains its first supplier, despite a decrease of two points (19.4% against 21.5% in 2009). Tunisia's main export goods are textile and leather, mechanical and electrical products, food products and energy products. The country imports raw and semi-finished materials, equipment goods, consumption goods (other than food) and financial and insurance services.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||15,007||19,099||24,638||19,096||22,218|
|Exports of Goods (million USD)||11,694||15,165||19,320||14,445||16,427|
|Imports of Services (million USD)||2,338||2,674||3,226||2,812||2,857|
|Exports of Services (million USD)||4,162||4,769||5,831||5,241||5,192|
|Imports of Goods and Services (Annual % Change)||8.2||6.1||8.3||6.7||-|
|Exports of Goods and Services (Annual % Change)||4.8||8.5||3.5||-1.6||-|
|Imports of Goods and Services (in % of GDP)||52.7||55.6||64.4||55.3||-|
|Exports of Goods and Services (in % of GDP)||50.4||53.2||60.2||52.0||-|
|Trade Balance (million USD)||-2,513||-2,876||-4,010||-3,699||-|
|Trade Balance (Including Service) (million USD)||-673||-769||-1,366||-||-|
|Foreign Trade (in % of GDP)||103.1||108.8||124.6||107.3||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|Other partnersClose extended list||30.0%|
(% of Imports)
|Other partnersClose extended list||45.3%|
Exchange Rate System
- Exchange Rate Regime
- Flexible exchange regime since the enforcement of the law of 3 May 1993 amending the 1st article of the Exchange Code.
- Level of Currency Instability
- Seeing the evolution over the last two decades, the depreciation of the dinar is tending to take on a structural dimension and to give it the status of a weak currency. Since 2001, the dinar has depreciated at an average rate of 5% per year with a peak of 8.6% in 2003 and a drop of 4.1% in 2005. This depreciation can be felt through the growing increase in price of "popular" cars imported in euros. In relation to the dollar, the dinar has depreciated at a much faster rate (-9.6%).
|Tunisian Dinar (TND) - Average Annual Exchange Rate For 1 USD||1.25||1.30||1.33||1.28||1.23|
Source: World Bank
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