Tunisia's Energy Trade Deficit Jumps 35% Amid Rising Oil Prices

Tunisia's energy trade deficit has increased significantly in the past year. According to the National Energy and Mines Observatory, the deficit rose by 35% from TND 5.175 billion at the end of June 2025 to TND 7 billion at the end of June 2026.

This increase is largely attributed to a rise in energy product exports, which increased by 38% in value, while imports rose by 36%. The report highlights that energy trade is sensitive to three key factors: traded volumes, the USD/TND exchange rate, and Brent crude prices.

The surge in Brent prices, driven by escalating tensions in the Middle East, contributed to a $14 per barrel increase in June 2026 compared to the same period last year. Despite this, the Tunisian dinar's exchange rate against the US dollar remained stable.