Trade Statistics

According to the State Department, The United States is one of Algeria’s top trading partners, and Algeria is one of the top U.S. trading partners in the Middle East/North African region. Most U.S. direct investment in Algeria has been in the hydrocarbon sector. The main U.S. import from Algeria is crude oil. The two countries have signed a trade and investment framework agreement, establishing common principles on which the economic relationship is founded and forming a platform for negotiating other bilateral agreements. The United States encourages Algeria to make necessary changes to achieve economic diversification, accede to the World Trade Organization, move toward transparent economic policies, and liberalize its investment climate. The United States has funded a program supporting Algerian efforts to develop a more active government securities market.

Information on trade figures can be found via the Census Bureau at this link (https://www.census.gov/foreign-trade/balance/c7210.html).