Turkey-Algeria Economic and Trade Relations

Economy of Algeria (2014)

GDP (billion $)

213,5

Inflation rate (%)

3,2

Economic growth (%)

4,1

Unemployment rate (%)

10,6

Population (million)

39,1

Exports (billion USD)

37,8

Population growth rate (%)

2,1

Imports (billion USD)

51,5

GDP per capita(USD)

14.067

Resource: Turkish Embassy in Algeria, EIU

Main trade partners: China, France, Italy

Main export items: Mineral fuels, fertilizers, inorganic chemicals, sugar and sugar products, organic chemicals
Main import items: Machines, road transport vehicles, electrical and electronic equipment, grains, iron and steel

Bilateral Trade Statistics:

YEAR

EXPORT

IMPORT

VOLUME

BALANCE

2011

1.471

2.716

4.187

-1.246

2012

1.813

2.651

4.464

-838

2013

2.002

2.283

4.286

-281

2014

2.083

921

3.004

1.162

2015

1.827

741

2.568

1.086

Resource: Ministry of Economy , TUİK (million $)

Main export items: Road transport vehicles, iron and steel, machineries, textiles and confectionery
Main import items: Mineral fuels, sugar and products, inorganic chemicals

Number of Algerian visitors: 12.677 (2014), 14.017 (2015)

Bilateral Cooperation Mechanisms:

- Joint Economic Commission (JEC): The 10th JEC Meeting was held between 24-26th of September 2012, in Ankara.

- Business Council: The last Business Council meeting was held on 19th

November 2014 during the presidential visit to Algeria.