Flag Algeria

Econ Complexity (2018): -0.87, Rank 107 of 137

Product Exports (2018): $37.9B, Rank 60 of 222

Exports Per Capita (2018): $897, Rank 12 of 219

Product Imports (2018): $43.3B, Rank 55 of 221

Imports Per Capita (2018): $1.03k, Rank 11 of 219

Service Exports (2016): $2.95B, Rank 86 of 152

Service Imports (2016): $10.4B, Rank 52 of 152

GDP (2018): $174B, CURRENT US$
Rank 54 of 196

GDP growth (2008 - 2018): 1.61%, CURRENT US$
Rank 161 of 196

GDP PC (2018): $4,115, CURRENT US$
Rank 121 of 196

GDP PC GROWTH (2008 - 2018): -16.4%, CURRENT US$
Rank 179 of 196

Overview: In 2018 Algeria was the number 54 economy in the world in terms of GDP (current US$), the number 60 in total exports, the number 55 in total imports, and the number 107 most complex economy according to the Economic Complexity Index (ECI). In 2018, Algeria exported $37.9B and imported $43.3B, resulting in a negative trade balance of -$5.44B. In 2018, Algeria's exports per capita were $897 and its imports per capita were $1.03k.

Trade: The top exports of Algeria are Crude Petroleum ($15.9B), Petroleum Gas ($12.8B), Refined Petroleum ($7.05B), Nitrogenous Fertilizers ($809M), and Ammonia ($456M). The top imports of Algeria are Refined Petroleum ($2.07B), Wheat ($1.85B), Cars ($1.43B), Concentrated Milk ($1.11B), and Packaged Medicaments ($1.09B).

Destinations: Algeria exports mostly to Italy ($6.22B), Spain ($5.21B), France ($4.56B), United States ($4.24B), and United Kingdom ($2.66B), and imports mostly from China ($7.37B), France ($6.04B), Spain ($3.96B), Italy ($3.64B), and Germany ($2.23B).

Location: Algeria borders Libya, Mali, Mauritania, Morocco, Niger, and Tunisia by land and Italy and Spain by sea.

Product Exports

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Top Export (2018): Crude Petroleum, $15.9B

Top Destination (2018): Italy, $6.22B

In 2018 Algeria exported a total of $37.9B, making it the number 60 exporter in the world. During the last five reported years the exports of Algeria have changed by -$32.2B from $70.1B in 2013 to $37.9B in 2018.

The most recent exports are led by Crude Petroleum ($15.9B), Petroleum Gas ($12.8B), Refined Petroleum ($7.05B), Nitrogenous Fertilizers ($809M), and Ammonia ($456M). The most common destination for the exports of Algeria are Italy ($6.22B), Spain ($5.21B), France ($4.56B), United States ($4.24B), and United Kingdom ($2.66B).

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Product Imports

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Top Import (2018): Refined Petroleum, $2.07B

Top Origin (2018): China, $7.37B

In 2018 Algeria imported $43.3B, making it the number 55 trade destination in the world. During the last five reported years the imports of Algeria changed by -$13.4B from $56.8B in 2013 to $43.3B in 2018.

The most recent imports of Algeria are led by Refined Petroleum ($2.07B), Wheat ($1.85B), Cars ($1.43B), Concentrated Milk ($1.11B), and Packaged Medicaments ($1.09B). The most common import partners for Algeria are China ($7.37B), France ($6.04B), Spain ($3.96B), Italy ($3.64B), and Germany ($2.23B).

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Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Algeria. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Algeria are Beer made from malt (60%) and Beverage waters, sweetened or flavoured (60%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Algeria are:
136: Most Favoured Nation duty rate treatement
219: Preferential tariff for European Union countries (AA) Association Agreement
247: Preferential tariff for Jordan
313: Preferential tariff for the League of Arab States
321: Preferential tariff for Tunisia

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Algeria's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨80th to the 107th⁩ 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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Most Specialized Products by RCA Index

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Algeria has a high level of specialization in Ammonia (29.8), Petroleum Gas (20.8), Nitrogenous Fertilizers (17.4), Calcium Phosphates (12.4), and Crude Petroleum (7.18). Specialization is measured using RCA, an index that takes the ratio between Algeria observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Algeria according to the product complexity index (PCI) are Hydrogen, rare gases, non-metallic elements (0.099), Float glass, surface ground, polished glass in sheets (0.011), Oils petroleum, bituminous, distillates, except crude (-0.88), Articles of natural cork (-1.03), and Ammonia, anhydrous or in aqueous solution (-1.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Algeria according to the relatedness index, are Gold (0.027), Raw Aluminium (0.025), Crustaceans (0.024), Other Oily Seeds (0.024), and Insect Resins (0.024). 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 it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.