Algeria News & Events, Latest News for Algeria

Update: Monday, 14 April 2008    

USA first trade partner of Algeria

Over .$246 billion trade balance surplus for 2006 first nine months
Sunday Oct 22 2006.

The surplus on the trade balance during 9 months of trade exchanges in 2006 recorded more than $24.6 billion with an increase of 33.8% when compared to last year’s.

Statistics of the National Statistics and Information Centre of the Customs Services showed a high rise in oil exports which represent 98.03% for 1.62% of exports out of hydrocarbons. This proves that exports decreased and lessened.

In the same context, Algerian imports during 8 months stand for $13.88 billion and Algeria exported $34.54 billion with a 17.44% rise, recording a surplus of $20.66 billion.

The USA is therefore the first trade partner of Algeria with $8.56 billion during 8 months in 2006 and nearly $10 billion during 9 months. Italy surpasses France during 8 months in 2006. France’s exchange volume was estimated at $5.59 billion and Italy’s at $6.09 billion. France registers a decline this year in exchanges and remains the first supplier of Algeria on the basis of oil prices rise.

S. Hafid

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