Algeria has achieved growth in its non-oil foreign trade since the beginning of this year, a leap that is considered rare given Algeria's heavy dependence on selling oil and gas.
Customs administration data showed a doubling of commodity exports, including energy, during the first half of 2022. The merchandise trade with international markets grew by 48.3 percent during the period between January and June last to reach more than $25.9 billion, amid an improvement in the value of energy exports thanks to improved prices.
Imports amounted to about $20.2 billion, an increase of 7.41 percent compared to the same period last year when it recorded $18.82 billion.
Algeria's foreign trade achieved a surplus of about $5.7 billion, compared to a deficit of about $1.34 billion at the end of June last year. Until the end of last June, Algeria exported $3.5 billion outside the hydrocarbon sector, which represents 50 percent of the government's goals this year. This value is considered the highest in the history of Algeria. In the years preceding the health crisis, it did not exceed the $3 billion barrier in the comparative period. The government aims to reach $7 billion in non-oil exports this year, up from $5 billion recorded last year.
Source (Al-Arab Newspaper of London, Edited)
