Algeria’s import of Aluminium household articles during 2018-20 exhibits robust growth

Algeria has extensive possibilities to boost its economic growth, including huge foreign-exchange reserves derived from oil and gas. However, the COVID-19 pandemic and concurrent crash in oil prices endangered Algeria’s vulnerable macroeconomic environment, and the new authorities are now grappling with a multifaceted crisis. Swift lockdown measures have helped slow down the pandemic, severely affecting activity in the meantime.

The North African nation’s import of aluminium household articles during 2018-19 was recorded at 3946 tonnes and the expenditure occurred during the phase for the import remained at $18.70 million. The import for 2020 is supposed to reach 5547 tonnes and the expenditure to stand at $20.83 million. When the import volume and expenditure of aluminium household articles in 2020 gets assorted with the previous two years, it denotes 9493 tonnes and $39.53 million respectively.

Algeria’s import of aluminium household articles during 2018 stood at 930 tonnes and the expenditure remained at $4.84 million, whereas in 2019 the import saw growth of 224.30%, as the import volume rose to 3016 tonnes and expenditure also climbed to $13.86 million.

The import for 2020 has also been highlighted with growth by 83.91%, as the import volume to stand at 5547 tonnes and expenditure to incline at $20.83 million.

Algeria’s major trading destinations for import of aluminium household articles are China, France, Germany, Italy, Hungary, Portugal, Spain, Tunisia, Turkey, etc.