Algeria: Economic and Political Overview. Natural gas and petroleum products account for nearly all exports: in , hydrocarbons covered The remaining exports According to the National Centre of the Trade Register CNRC , in the number of exporters rose to 5, operators against 4, at the end of Data from the French Ministry of the Economy show that France was the third-largest customer of Algeria in , accounting for 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 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 and the country has had a trade deficit since This reduction was due to a sharp fall in hydrocarbon exports. Incomes have also decreased drastically with the fall of oil prices. Nevertheless, such a trend reversed in thanks to the uptick in energy prices and it improved further in as Algeria benefited from the consequences of the EU sanctions towards Russia, which led to an increase in European hydrocarbon imports from Algeria.
In terms of services, the country exported the equivalent of USD 3. According to preliminary figures from the government, as of the end of September , Algeria's hydrocarbon export revenues reached approximately USD 38 billion, with an average oil price of 82 dollars per barrel. In , hydrocarbon export revenues were around USD Source: Comtrade, To go further, check out our service Import-Export Flows.
Source: United Nations Statistics Division, Any Comment About This Content? Report It to Us. Latest Update: February Export to Import from. Per product Per service. Communications services. Construction services. Insurance services. Financial services. Computer and information services. Business services. Personal cultural and recreational services. Country Areas. Petroleum oils and oils obtained from bituminous minerals, crude Petroleum oils and oils obtained from bituminous minerals excl.
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.
