Algeria’s export of goods value has been predominantly shaped by the oil and gas sector. In 1990, exports stood at $12.88 billion but gradually declined to $8.89 billion in 1994 amid a drop in global oil prices. The late 1990s saw a recovery, with exports surpassing $13 billion in 1996, supported by rising energy prices. By 2008, exports reached a peak of $79.3 billion during an oil boom, demonstrating Algeria's dependence on hydrocarbons.
The subsequent decade highlighted vulnerabilities in Algeria’s export model. The 2014 oil price crash halved export values to $34.6 billion by 2015. Recovery in 2021 and a surge in global energy demand propelled exports to $65.7 billion in 2022. Diversification efforts remain critical to reducing volatility and achieving sustainable growth.
The subsequent decade highlighted vulnerabilities in Algeria’s export model. The 2014 oil price crash halved export values to $34.6 billion by 2015. Recovery in 2021 and a surge in global energy demand propelled exports to $65.7 billion in 2022. Diversification efforts remain critical to reducing volatility and achieving sustainable growth.
Explore related charts to gain a better understanding of industry sector’s share in Algeria’s GDP, Algeria’s goods trade balance, Algeria’s net ODA data.
