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Tunisia’s Exports Grow Faster than Imports

Tunisia’s Exports Grow Faster than Imports
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Tunisia’s Exports Grow Faster than Imports

Tunisia’s Exports Grow Faster than Imports

Tunisia's National Institute of Statistics, a government agency, has revealed that the coverage of exports to imports rose to 72 percent during the first five months of the current year, compared with 67.3 percent during the same period last year.

The volume of trade deficit in this period amounted to at least 6.6 Tunisian dinars (about $2.6 billion), it said.

The European Union continues to top the list on the level of Tunisian trade, and France, Italy and Germany have the most trade exchanges.

Tunisia's exports improved markedly, rising by 27.5 percent in the first five months of this year while imports increased by 19.3 percent.

Last year, the Tunisian government identified a list of 220 imported products and called on local banks not to fund them through the Tunisian central bank, in an effort to curb the decline in foreign exchange reserves, which fell to record levels in terms of imports, covering not more than 72 days.

According to Tunisian economic and financial experts, the improved performance of Tunisian exports is mainly due to the positive growth of exports of agricultural products, which rose by 81.8 percent due to the increase in the sale of olive oil to 1.2 billion Tunisian dinars and the date revenues to 438.8 million dinars.

In the past five months, exports of the energy sector grew 32 percent. This was due to higher crude oil sales to BD 842.8 million in addition to increase of exports of laboratory materials by 27.3 percent, textile and clothing and leather by 23.1 percent and exports of mechanical and electrical products by 19.5 percent.

Despite the Tunisian authorities' attempts to diversify their foreign markets and end EU dominance over export and supply activity, recent figures indicate that Europe accounted for 72.2 percent of Tunisian exports, up 23.14 percent.

Tunisian economist Karim Balkhla stressed in this regard that the improvement in economic performance in Europe has added improved Tunisian exports.

He considered Europe to be an important market due to its geographical location and the long established tradition of trade between Tunisia and the EU states.

In this context, Tunisia's imports from EU states accounted for 55.6 percent of total imports and in turn showed a rise of 21.3 percent.

Explaining Tunisia's continued trade deficit with several economic players despite the improvement in exports, the Tunisian Institute said that trade with several countries, including China suffers an imbalance of about two billion Tunisian dinars and Italy about 1.1 billion dinars, Turkey 868 million dinars, Russia around 534.6 million Tunisian dinars and Algeria about 465.6 million dinars.

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Saudi Arabia, IFAD Partner to Fight Hunger

Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)
Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)
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Saudi Arabia, IFAD Partner to Fight Hunger

Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)
Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)

Amid a widening global food gap and the mounting impacts of climate change, the International Fund for Agricultural Development (IFAD) has underscored the vital importance of boosting support for agricultural and food-related activities to drive sustainable development in rural areas.

 

The UN agency praised its strong and multifaceted cooperation with Saudi Arabia, highlighting key areas of focus that include food security, rural development, and strengthening resilience to environmental changes.

 

IFAD is also ramping up efforts to promote the “blue economy” as part of its broader strategy to support sustainable development, particularly in rural and coastal communities, a senior official told Asharq Al-Awsat.

 

Naoufel Telahigue, IFAD’s Regional Director for the Near East, North Africa and Europe, said the Rome-based UN agency is working to scale up sustainable use of oceans, seas, and water resources to drive economic growth, improve livelihoods, and safeguard marine ecosystems.

 

“The blue economy is an emerging development approach that recognizes the economic potential of our marine and aquatic resources—when used sustainably,” he said.

 

According to Telahigue, IFAD has implemented more than 100 projects across 35 countries over the past four decades, with total investments exceeding $3.4 billion, of which the Fund contributed $1.5 billion.

 

These projects have reached over 80 million beneficiaries, including fishers, aquaculture farmers, seafood processors, traders, as well as women, youth, Indigenous peoples and persons with disabilities.

 

Currently, over 75 active IFAD-supported projects target fisheries, aquaculture, and livelihoods in coastal zones.

 

The blue economy spans a range of sectors, including sustainable fishing, aquaculture, coastal tourism, marine renewable energy, maritime transport, and waste management. Telahigue said IFAD is focused on helping rural populations reduce poverty, boost food security, improve nutrition, and build resilience to environmental shocks.

 

Since its establishment in 1978, IFAD has provided more than $25 billion in low-interest loans and grants to fund development projects in low- and middle-income countries.

 

Telahigue pointed to a set of challenges hampering IFAD’s mission, including limited funding amid rising global crises, the growing impact of climate change on livelihoods, and poor infrastructure in targeted regions. He also highlighted political instability and armed conflict as key obstacles to project implementation and sustainability.

 

“The lack of inclusivity and equal access to resources remains a major concern,” he added.

 

To address these issues, Telahigue called for strengthening partnerships, adopting innovative financing solutions, and developing flexible, community-based interventions. He stressed the importance of improving monitoring and evaluation systems to ensure long-term sustainability and maximize impact.

 

Saudi Arabia continues to provide robust and diversified support to the International Fund for Agricultural Development (IFAD), with a focus on rural development, food security and climate change adaptation, a senior official at the UN agency said.

 

As a founding member of IFAD, the Kingdom has contributed more than $485 million since 1977, reflecting its long-standing commitment to poverty reduction and strengthening food systems in developing countries, said Telahigue.

 

He described the opening of IFAD’s liaison office in Riyadh in 2019 as a pivotal step toward deepening partnerships with Gulf Cooperation Council (GCC) countries, facilitating knowledge exchange, and rolling out innovative initiatives.

 

Among them is the “reimbursable technical assistance” program, which supports smallholder farmers in Saudi Arabia’s Jazan region with climate-smart production models for crops such as coffee and mango.

 

In 2021, IFAD signed a cooperation agreement with the King Salman Humanitarian Aid and Relief Center to combat hunger and malnutrition in the world’s most vulnerable countries by improving sustainable access to food.

 

Telahigue said IFAD’s goals align closely with Saudi Arabia’s flagship environmental initiatives, including the Saudi Green Initiative and the Middle East Green Initiative, which aim to restore ecosystems and promote environmental sustainability—both on land and across marine and coastal zones.