Algeria recorded a trade deficit of 2740 USD Million in the first quarter of 2019.

Balance of Trade in Algeria averaged 1820.71 USD Million from 1992 until 2019, reaching an all time high of 34060 USD Million in the second quarter of 2006 and a record low of -2740 USD Million in the first quarter of 2019. This page provides - Algeria Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Algeria Balance of Trade - values, historical data and charts - was last updated on May of 2020.

Balance of Trade in Algeria is expected to be 1000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Algeria to stand at 600.00 in 12 months time. In the long-term, the Algeria Balance of Trade is projected to trend around 1000.00 USD Million in 2021, according to our econometric models.

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Algeria Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-2740.00 -2620.00 34060.00 -2740.00 1992 - 2019 USD Million Quarterly

Algeria Trade Last Previous Highest Lowest Unit
Balance of Trade -2740.00 -2620.00 34060.00 -2740.00 USD Million [+]
Current Account -5.41 -5.36 28.95 -8.33 USD Billion [+]
Current Account to GDP -12.60 -9.00 24.70 -16.50 percent [+]
Imports 12120.00 13050.00 26250.00 2310.00 USD Million [+]
Exports 9380.00 10430.00 60300.00 1831.00 USD Million [+]
Gold Reserves 173.60 173.64 173.64 173.60 Tonnes [+]
Crude Oil Production 1004.00 1033.00 1427.00 775.00 BBL/D/1K [+]
Terrorism Index 3.41 3.76 7.23 3.41 [+]
Tourism Revenues 207.30 203.20 324.50 203.20 USD Million [+]
Tourist Arrivals 2102.00 2039.00 2733.00 1710.00 Thousand [+]
Foreign Direct Investment 0.48 -0.34 1.85 -1.33 USD Billion [+]
External Debt 3858.00 4042.00 5859.00 3021.00 USD Million [+]


Algeria Balance of Trade
The Algerian economy is highly dependent on petroleum and natural gas exports. Hydrocarbons account for over 95% of export earnings. Algeria main exports partners are United States, Italy, Spain, France and Canada. Algeria imports mainly capital goods, foodstuffs and consumer goods. Its main import partners are: France, China, Italy, Spain and Germany.