Algeria2020 Economic Complexity : -1.19, Rank 112 of 127
2020 Product Exports | Imports: $18.8B | $31.3B, 71 of 226 | 62 of 226
2020 Per Capita Product Exports | Imports: $430 | $714, 160 of 219 | 162 of 219
2016 Service Exports | Imports : $2.95B | $10.4B, 86 of 157 | 52 of 157
Overview In 2020, Algeria was the number 56 economy in the world in terms of GDP (current US$), the number 71 in total exports, the number 62 in total imports, the number 131 economy in terms of GDP per capita (current US$) and the number 112 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Algeria are Petroleum Gas ($7B), Crude Petroleum ($6.26B), Refined Petroleum ($3.58B), Nitrogenous Fertilizers ($808M), and Ammonia ($206M), exporting mostly to Italy ($3.23B), France ($2.79B), Spain ($2.59B), China ($893M), and South Korea ($804M).
Imports The top imports of Algeria are Wheat ($1.64B), Concentrated Milk ($1.11B), Packaged Medicaments ($963M), Corn ($832M), and Raw Sugar ($670M), importing mostly from China ($5.6B), France ($4.71B), Spain ($2.16B), Italy ($2.07B), and Germany ($1.78B).
Location Algeria borders Libya, Mali, Mauritania, Morocco, Niger, and Tunisia by land and Italy and Spain by sea.
The following section uses the most recent trade data from partners of Algeria.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Petroleum Gas, $7B
Top Destination (2020): Italy, $5.6B
In 2020, Algeria exported a total of $18.8B, making it the number 71 exporter in the world. During the last five reported years the exports of Algeria have changed by -$19.9B from $38.8B in 2015 to $18.8B in 2020.
The most recent exports are led by Petroleum Gas ($7B), Crude Petroleum ($6.26B), Refined Petroleum ($3.58B), Nitrogenous Fertilizers ($808M), and Ammonia ($206M). The most common destination for the exports of Algeria are Italy ($3.23B), France ($2.79B), Spain ($2.59B), China ($893M), and South Korea ($804M).
Algeria Exports Services (2016): $2.95B
Algeria Imports Services (2016): $10.4B
In 2016, Algeria exported $2.95B worth of services. The top services exported by Algeria in 2016 were Other business services ($1.49B), Transportation ($672M), Government services, n.i.e. ($290M), Personal travel ($209M), and Construction services ($202M).
The top services imported by Algeria in 2016 were Transportation ($3.61B), Other business services ($3.23B), Construction services ($2.28B), Government services, n.i.e. ($485M), and Personal travel ($443M).
Algeria has a high level of specialization in Nitrogenous Fertilizers (31.9), Petroleum Gas (28.6), Ammonia (28.3), Calcium Phosphates (17.2), and Hydrogen (15.9). Specialization is measured using RCA, an index that takes the ratio between Algeria observed and expected exports in each product.
The highest complexity exports of Algeria according to the product complexity index (PCI) are Hydrogen, rare gases and other non-metals (0.27), Household or laundry-type washing machines; including machines which both wash and dry (0.22), Glass; float glass and surface ground or polished glass, in sheets, whether or not having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (0.076), Tissue, towel, napkin stock or similar; for household or sanitary uses, cellulose wadding, webs of cellulose fibres, in rolls over 36cm in width or rectangular sheets with one side exceeding 36cm when unfolded (-0.35), and Fish; live (-0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Algeria according to the relatedness index, are Gold (0.044), Soap (0.037), Other Oily Seeds (0.037), Raw Lead (0.037), and Raw Cotton (0.036). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Algeria is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years Algeria's economy has become relatively less complex, moving from the 73rd to the 112th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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