April 25, 2011 / 11:29 AM / in 7 years

Algeria Q1 trade surplus up on higher energy prices

ALGIERS (Reuters) - Higher world oil prices pushed Algeria’s trade surplus up to $4.24 billion in the first quarter of 2011 from $3.37 billion in the same period last year, a rise of around 25 percent, official figures showed on Monday.

<p>A view of a liquefied petroleum gas refinery in Arzew near the western city of Oran July 30, 2007.</p>

Exports were up 14 percent compared with January-March 2010, while imports were up 10 percent, he figures released by the customs service showed.

The value of oil and gas sales abroad, which accounted for 96.7 percent of total exports, rose 13.3 percent in comparison. There was no breakdown of energy exports.

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