Nation Eyes $30 Billion Non-Oil Export Goal
Algeria has outlined an ambitious economic objective to raise its non-hydrocarbon exports to $30 billion by 2030, a substantial increase from the over $7 billion recorded in recent years. This strategic push places the diversification of foreign exchange sources at the forefront of the nation's economic policy, focusing on expanding industrial investment and opening new markets for local products, particularly across Africa. The first quarter of 2026 demonstrated positive momentum, with non-hydrocarbon exports increasing by 16% compared to the same period in the previous year, according to data from the Ministry of Foreign Trade and Export Promotion, as reported by the Algerian Press Agency.
The year 2026 has witnessed significant expansion in Algerian exports, both in terms of product variety and market reach. In April, authorities launched 35 shipments of manufactured goods from 13 provinces to 19 countries, showcasing a concerted effort to broaden the international presence of Algerian products. This period also saw the export of 20,000 tons of white cement from the port of Annaba to Guatemala and 33 commercial shipments from Tindouf to Mauritania. Furthermore, new industries have successfully entered foreign markets, including the first shipment of locally manufactured car batteries to Cameroon in May through a partnership between Stellantis Algeria and FABCOM. In June, the Condor group signed an agreement to export electronic and home appliances to Rwanda and Tanzania, while July marked the initiation of home appliance exports to European and Arab markets.
Achieving the $30 billion target is intrinsically linked to Algeria's capacity to bolster production and transform new investments into operational factories and projects capable of meeting both domestic demand and generating exportable surpluses. The Algerian Agency for Investment Promotion (AAPI) reported 19,054 projects registered between November 2022 and December 2025, representing an announced value of approximately $61 billion and an expected creation of over 470,000 jobs. The government's strategy integrates import substitution with export expansion, initially focusing on producing goods for the local market before directing surplus output to international markets. Africa is a key target, evidenced by new exports to Mauritania, Cameroon, Rwanda, and Tanzania, complemented by the expansion of transport networks and financial services like those offered by the Algerian Company for Export Insurance and Guarantees (CAGEX) through Algerian banks in Mauritania and Senegal.
To facilitate the transition from increased production to consistent exports, various logistical and financial measures are being implemented. The Ministry of Foreign Trade is developing a unified digital window for exporters to streamline and digitize export procedures, alongside an electronic platform launched in August to address economic operators' concerns remotely. Additionally, the Bank of Algeria issued a directive on August 10, 2026, concerning the financing of non-hydrocarbon and mining product exports, broadening the banking tools available to companies engaging in foreign markets. While the $30 billion goal by 2030 is ambitious, the indicators from 2026, including expanding export bases, the entry of new industrial products into global markets, significant investments, and enhanced financial and logistical support, provide a foundation for sustained growth towards this objective.
