ALGIERS – Friday, 23 December 2022 (APS) – The year 2022 witnessed a significant increase in non-hydrocarbon exports, which should reach 7 billion dollars by the end of the year, a record achieved through the strategy of President of the Republic, Abdelmadjid Tebboune, aimed at diversifying national economy, while the regulation of imports continues at a rapid pace.
Like the year 2021, which witnessed a surge in the amount of non-hydrocarbon exports, approaching 5 billion dollars, the year 2022 has pushed the bar even higher to achieve the goal of 7 billion dollars of non-hydrocarbon exports, set by the President of the Republic to ensure sustainable economic growth and diversified.
“The liberation and diversification of the national economy was a mere slogan during the last 30 or 40 years,” observed President Tebboune last September, recalling that non-hydrocarbon exports did not then exceed the threshold of 1.3 billion dollars.
Thanks to exceptional achievements in 2022 in terms of non-hydrocarbon exports, but also to the increase in revenues from hydrocarbons, the closing forecast for the year just ended is for a trade surplus of $17.7 billion, or +16.6 billion dollars compared to 2021.
This leap in the trade balance, previously in deficit, would not have been possible without a trade policy of the state in favor of non-hydrocarbon exports, even if the increase in the price of hydrocarbons on the international market has strongly contributed to this performance.
“Better production for more exports” is now the watchword of the national trade sector, through the promotion of domestic production to restore, on a sustainable basis, the balance of trade by reducing productive imports and promoting non-hydrocarbon exports.