Tunisia's trade gap increased to TNT 2364 million in April of 2019 from TNT 1440 million in the same month a year ago. Imports climbed 31.4% to TNT 6294 million while exports rose at a slower 16.9% to TNT 3930 million. Considering the first four months of 2019, the country's trade deficit widened to TNT 6337 million from TNT 5085 million, as imports advanced 18.7% to TNT 22113 million, boosted by purchases of intermediate goods (11.8%); capital goods (21%) and consumption goods (15.7%). Among main import partners, imports rose from the EU (10.6%), primarily Italy (15.4%) and France (12.6%). Exports grew 16.5% to TNT 15776 million, mainly led by shipments of mining products, phosphates & derivatives (87.7%); energy & lubricants (24.9%); machinery & electrical products (20.5%); textiles, clothing & leather (13.9%) and other manufactured products (28.2%). Among major export partners, sales grew to the EU (17.7%), mostly Germany (28.8%), France (17.8%) and Italy (17.2%). Balance of Trade in Tunisia averaged -577.12 TNT Million from 1993 until 2019, reaching an all time high of -40.30 TNT Million in March of 2007 and a record low of -2364 TNT Million in April of 2019.
Balance of Trade in Tunisia is expected to be -1650.00 TNT Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Tunisia to stand at -1900.00 in 12 months time. In the long-term, the Tunisia Balance of Trade is projected to trend around -1850.00 TNT Million in 2020, according to our econometric models.