Algeria's energy earnings rose 15.27% in 2018 from the previous year due to higher global oil prices, the government said on Feb. 9.

Stronger revenues helped to reduce the OPEC member's trade deficit by 53.73% to $5.03 billion in 2018, according to customs figures.

Oil and gas exports, which accounted for 93.13% of total sales abroad, reached $38.34 billion, up from $33.26 billion in 2017, the figures showed.

The overall value of exports stood at $41.17 billion compared with $35.19 billion in 2017. Imports rose 0.3% to $46.20 billion in 2018, the customs data showed.

Algeria has failed to reduce spending on imports despite import restrictions on some goods, including foodstuffs.