Bilateral Trade Between Turkey, Algeria Targets $10 Billion

Economic relations between Algeria and Turkey are undergoing a significant strategic shift, with both nations aiming to achieve $10 billion in bilateral trade. This ambitious target represents a move away from traditional commodity exchange towards a focus on industrial investment and local co-production. Algerian gas exports are expected to play a crucial role in reaching this goal, alongside a restructuring of goods flows that prioritizes national economic development.

To bridge the gap from $5.6 billion in trade recorded in 2025 to the projected $10 billion, both governments are emphasizing industrial sector development and joint production initiatives. Recent economic data indicates Algeria's commitment to reducing reliance on imported finished products, with imports of Turkish goods decreasing by 18.8% to $1.09 billion during the first seven months of 2026, compared to $1.34 billion in the same period of 2025. Concurrently, Turkey is negotiating a substantial increase in its purchases of Algerian liquefied natural gas, further solidifying Algeria's position as a strategic energy supplier.

Algeria has established itself as Turkey's third-largest commercial partner in Africa and is recognized as a strategic industrial hub for accessing the continent's markets. This robust bilateral relationship is being formalized through a preferential trade agreement that is currently being finalized. The agreement is designed to protect local industries, facilitate exports, and attract job-creating investments, setting the groundwork for an integrated economic partnership intended to elevate the volume of bilateral business.