ALGIERS- Algeria's energy earnings dropped 14.65% in the first 11 months of 2019, widening the trade deficit to $5.75 billion, up 48% from a year earlier, customs data showed on Tuesday.
The OPEC member and gas exporter has been trying to cut spending on imports after a sharp drop in energy revenue.
The value of oil and gas exports reached $30.25 billion, accounting for 92.76% of total sales abroad. Those exports compared with $35.45 billion in the first 11 months of 2018.
Overall exports stood at $32.62 billion, against $38.12 billion during the same period of 2018, while imports fell by 8.66% to $38.37 billion in the January-November period of 2019.
(Reporting by Hamid Ould Ahmed Editing by David Goodman) ((hamid.ouldahmed@thomsonreuters.com;))
