Algeria's non-oil exports exceeded $6 billion from the beginning of this year until the end of last November, the highest number in the country's history, since its independence from France in 1962.
Trade Minister Kamal Rezik said, "Achieving this number is due to the growth recorded by several local industrial sectors and the quality of the exported products," noting "the Algerian authorities aim to double the number and bring it to $15 billion in non-hydrocarbon exports by 2023."
The Algerian Prime Minister, Ayman bin Abdel Rahman, announced that Algeria aims to reach $ 7 billion in non-oil exports by the end of this year.
Algeria's economy suffers from excessive dependence on hydrocarbon revenues (oil and gas), as they represent about 90 percent of the country's foreign exchange income, according to official government data.
The Algerian government expects revenues from oil and gas exports to exceed $50 billion by the end of 2022, up from $35 billion last year.
Source (Anadolu Agency, Edited)
