ALGIERS (Reuters) - The value of Algeria's oil and gas exports, which account for about 97 of total sales abroad, fell by 9 percent in the first four months of this year compared to the same period in 2012 due to lower global crude prices, official figures showed on Monday.
That pushed the OPEC member north African country's trade surplus down 39 percent to $7.16 billion in the January-April period of 2013, according to data released by the customs department and reported by the official APS news agency.
Earnings from energy exports dropped to $24.1 billion from $26.44 billion in the first four months of the previous year, the data showed. It provided no figures on volumes.
Finance Minister Karim Djoudi earlier this month said the government may cut spending and delay some projects if crude oil prices keep falling sharply.
Algeria started in 2010 to implement a $286 billion five-year economic plan to modernise basic infrastructure to combat social problems including unemployment and a housing shortage.
Algeria's economy grew by 2.5 percent in 2012, according to the International Monetary Fund (IMF), which forecast a 3.3 percent growth for this year.
Source: http://news.yahoo.com/algeria-energy-earnings-fall-9-pct-jan-april-125023051.html
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