Algeria's total import turnover of general goods will reach 40 billion USD in 2023. Although Algeria is promoting economic diversification, the country has to import most of its goods, of which 50% is food.
The Algerian market has a demand for importing Vietnam's key products, especially agricultural products such as raw coffee, pepper, cashew nuts, coconut rice, freshwater seafood, etc. According to statistics from Algerian Customs, trade between the two countries will reach about 300 million USD in 2023. Because Algeria is not yet a member of the WTO, import taxes on Algeria remain high, averaging 30%. The Algerian government 's goal is to promote foreign investment, develop domestic production, diversify the economy and increase exports, especially non-oil and gas products.
In order to support domestic enterprises to access and penetrate this market, in 2022, the Vietnam Trade Office in Algeria (concurrently in charge of Gambia, Mali, Niger, Senegal and Tunisia) compiled the book "Business and investment handbook in the Algerian market".
Vietnamese businesses interested in this North African country can refer to information by downloading the free book here (file download password is camnang ).
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