Algeria Analysis
The People's Democratic Republic of Algeria is Africa's largest country and boasts one of the continent's strongest economies, primarily driven by energy exports. The nation possesses significant potential for economic growth, supported by substantial foreign-exchange reserves from oil and gas—its principal export commodities.
Data Analysis of Algeria
Algeria ranks 61st globally in total exports and holds the 4th largest economy in Africa. The economy centers on petroleum and natural gas production, making the country a leading supplier to European nations. Export markets have expanded considerably above African and Middle Eastern averages since the 1970s.
Top Exported Goods
- Crude petroleum (41.7%)
- Petroleum gas (32.7%)
- Refined petroleum (18.9%)
- Fertilizers (0.929%)
- Sugars and sugar confectionery (0.648%)
- Organic chemicals (0.159%)
Top Export Destinations
- Italy – 15.9%
- France – 12.5%
- Spain – 11.6%
- USA – 9.85%
- Brazil – 6.04%
- Netherlands – 5.4%
- Turkey – 5.22%
- United Kingdom – 4.56%
- Portugal – 2.71%
- Belgium – 2.61%
Several European nations, including Spain, depend exclusively on Algeria for gas supply.
Import Requirements of Algeria
Algeria mandates multiple documents and certificates for cargo entry:
- Original Air Way Bill
- Original Commercial Invoice
- Packing List
- Exports custom declaration
- Algeria loading certificate (ECTN)
The Electronic Cargo Tracking Note (ECTN) is mandatory and must be presented upon arrival. Cargo clearance occurs after customs officials verify and approve documentation. The certificate requires validation at least 5 days before port arrival.