Turkey-Algeria Economic and Trade Relations

Economy of Algeria (2017)

GDP (billion $)

172

Inflation rate (%)

5,5

Economic growth (%)

2,3

Unemployment rate (%)

11,1

Population (million)

42,2

Exports (billion USD)

30,02

Population growth rate (%)

2,1

Imports (billion USD)

45,95

GDP per capita(USD)

4.069

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

2014

2015

2016

2017

2018 (Excluding petroleum and derivatives)

Export

2,083

1,826

1,737

1,713

2,031

Import

2,642

1,919

1,347

1,762

1,137

Volume

4,721

3,745

3,083

3,475

3,168

Balance

-0,563

-0,93

0,388

-0,049

0,894

Source: 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: 213.333 (2017), 265.000 (First 11 months of 2018)

Bilateral Cooperation Mechanisms:

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

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

November 2014 during the presidential visit to Algeria.