Algeria, the largest country in Africa, is known for its rich natural resources and diverse economy. In this article, we’ll explore the 10 largest exports of Algeria, showcasing the country’s economic strengths and its role in the global market.
1. Mineral Fuels, Including Oil
Algeria’s economy heavily relies on its vast reserves of oil and natural gas. In 2023, mineral fuels, including oil, accounted for a staggering 91.1% of the country’s total exports, valued at US$52 billion. This sector remains the backbone of Algeria’s export economy, with petroleum gases, crude oil, and refined petroleum oils being the top products.
2. Fertilizers
The second-largest export category for Algeria is fertilizers. In 2023, fertilizer exports were valued at $1.4 billion, representing 2.4% of the country’s total exports. Algeria’s fertilizer industry, particularly nitrogenous fertilizers, plays a crucial role in supporting global agriculture.
3. Iron and Steel
Iron and steel exports from Algeria reached $1.1 billion in 2023, accounting for 1.9% of the country’s total exports. This sector has shown growth potential, with a 4.3% increase in export value compared to the previous year.
4. Inorganic Chemicals
Inorganic chemicals form the fourth-largest export category for Algeria. In 2023, these exports were valued at $868.8 million, making up 1.5% of the country’s total exports. Products in this category include ammonia and various chemical compounds.
5. Salt, Sulphur, Stone, and Cement
Algeria’s fifth-largest export category includes salt, sulphur, stone, and cement. These exports were valued at $763.8 million in 2023, representing 1.3% of the country’s total exports. Hydraulic cements, in particular, are a significant product in this category.
6. Sugar and Sugar Confectionery
Sugar and sugar confectionery exports from Algeria reached $187.7 million in 2023, accounting for 0.3% of the country’s total exports. This sector showed impressive growth, with a 17.3% increase in export value compared to the previous year.
7. Fruits and Nuts
Algeria’s fruit and nut exports were valued at $132.6 million in 2023, making up 0.2% of the country’s total exports. This category includes various tropical fruits and dates, which are popular exports from the region.
8. Machinery, Including Computers
Machinery exports, including computers, reached $66.8 million in 2023, representing 0.1% of Algeria’s total exports. While this sector is smaller compared to others, it shows potential for growth and diversification in the country’s export portfolio.
9. Fish
Fish exports from Algeria were valued at $49.4 million in 2023, accounting for 0.1% of the country’s total exports. This sector showed the fastest growth among the top 10 export categories, with a 19.8% increase from 2022 to 2023.
10. Glass
Rounding out the top 10 is glass exports, valued at $45.7 million in 2023 and representing 0.1% of Algeria’s total exports. While this sector experienced a decline in recent years, it remains an important part of the country’s export mix.