Algèria flag Algèria: Visió econòmica i política

Xifres de comerç exterior d'Algèria

Foreign Trade in Figures

Algeria has an open economy in which foreign trade represents 46% of GDP (World Bank, 2020). Natural gas and petroleum products account nearly for all of exports. In particular, hydrocarbons represent 94% of the total volume of exports. Algeria's main imports are wheat, cars, petroleum products, dairy products and medicines. According to the latest IMF data, the volume of exports of goods and services only grew by 0.8% in 2021 compared to 2020, still affected by the drop in oil prices and the effects of the Covid-19 pandemic. The volume of imports grew by 1.9%. The IMF forecasts the volume of exports to rebound in 2022 (6.6%), driven by higher gas demand. On the other hand, the volume of imports is expected to decrease by -5%, as the government is trying to contain imports.

In 2017, Italy was the top destination for Algerian exports (16%), followed by France, Spain, the United States and Brazil. China was by far the main supplier of goods in Algeria (18.1% of all imports), followed by France, Italy, Germany and Spain. Algeria ratified the Agreement on the African Continental Free Trade Area (AfCFTA) in December 2019 in Accra, Ghana. The agreement allows interested states to benefit from the progressive elimination of tariff barriers for a period of five years from its entry into force in July 2020. The agreement aims to free African states from dependence on the extraction of raw materials and promote inter-African trade.

While the trade balance was historically positive, the surplus has vanished completely since late 2012 and the country has had a trade deficit since 2015. This reduction was due to a sharp fall in hydrocarbon exports, which represent nearly all of exports. Incomes have also decreased drastically with the fall of oil prices. After hitting a record high level in 2016 (USD 20 billion), the deficit narrowed due to a recovery in oil exports and a decrease in imports. According to WTO data, in 2020 Algeria exported USD 21.6 billion worth of goods whereas it imported goods for the total value of USD 35.1 billion. In terms of services, the country exported the equivalent of USD 3 billion and imported USD 7.7 billion.

 
Foreign Trade Values 20162017201820192020
Imports of Goods (million USD) 46,72746,05946,33041,93435,122
Exports of Goods (million USD) 28,88335,19141,79735,82421,617
Imports of Services (million USD) 3,06910,83711,3949,4307,743
Exports of Services (million USD) 3,5612,9153,2253,1543,053

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20162017201820192020
Foreign Trade (in % of GDP) 55.955.357.952.045.2
Trade Balance (million USD) -20,000-14,241-7,161-9,326n/a
Trade Balance (Including Service) (million USD) -27,449-22,403-15,666-15,938n/a
Imports of Goods and Services (Annual % Change) -2.8-7.1-3.6-6.9-19.7
Exports of Goods and Services (Annual % Change) 7.0-6.1-3.7-6.1-11.1
Imports of Goods and Services (in % of GDP) 35.132.732.129.228.1
Exports of Goods and Services (in % of GDP) 20.922.625.822.817.1

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20212022 (e)2023 (e)2024 (e)2025 (e)
Volume of exports of goods and services (Annual % change) 0.86.61.9-3.2-3.7
Volume of imports of goods and services (Annual % change) 1.9-5.0-1.3-6.5-1.2

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Algeria is a member of the following international economic organisations: IMF, Arab Bank for Economic Development in Africa (ABEDA), Arab Fund for Economic and Social Development (AFESD), ICC, Arab Monetary Fund (AMF), G-15, G-24, G-77, WTO (observer), Arab League, among others. For the full list of economic and other international organisations in which participates Algeria click here. International organisation membership of Algeria is also outlined here.
Free Trade Agreements
The complete and up-to-date list of Free Trade Agreements signed by Algeria can be consulted here.
 

Main Partner Countries

Main Customers
(% of Exports)
2017
Italy 16.0%
France 12.6%
Spain 11.7%
United States 9.9%
Brazil 6.0%
See More Countries 43.8%
Main Suppliers
(% of Imports)
2017
China 18.1%
France 9.3%
Italy 8.2%
Germany 7.0%
Spain 6.8%
See More Countries 50.7%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

Main Products

35.2 bn USD of products exported in 2017
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 40.0%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 36.1%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 18.3%
Oils and other products of the distillation of...Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the non-aromatic constituents 1.6%
Ammonia, anhydrous or in aqueous solutionAmmonia, anhydrous or in aqueous solution 1.0%
See More Products 3.0%
46.1 bn USD of products imported in 2017
Wheat and meslinWheat and meslin 3.9%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 3.6%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 3.5%
Milk and cream, concentrated or containing added...Milk and cream, concentrated or containing added sugar or other sweetening matter 2.7%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses incl. those in the form of transdermal administration or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.5%
See More Products 83.8%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

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Actualitzacions: September 2022

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