Import of Goods Value from Algeria (1990-2023)

Import of Goods Value from Algeria (1990-2023)

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TGM StatBox. (2024). Import of Goods Value from Algeria (1990-2023). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Algeria
Published date: 2024
Note: Merchandise imports by product group (Million US dollars), as defined by the World Trade Organization (WTO), refers to the total value of goods imported into a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Algeria’s import trends reflect its reliance on external goods to support domestic industries and consumption. The gradual rise from $9.77B in 1990 to a peak of $58.58B in 2014 is closely tied to the oil boom that bolstered Algeria's purchasing power, enabling significant investments in machinery, infrastructure, and consumer goods. However, the oil price collapse post-2014 marked a turning point, with imports contracting to $35.5B in 2020.

Recovery in the following years, reaching $43.7B in 2023, indicates adjustments to diversify Algeria's trade portfolio and stabilize its economy. Government reforms and infrastructure investments also played roles in maintaining import levels despite fluctuating energy revenues. These trends highlight the influence of oil market dynamics on Algeria's trade landscape.

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