Did you know, that in 2022, Algeria became the 28th largest exporter of Refined Petroleum in the world?
Yakubu Elisha
In 2022, Algeria was the number 55 economy in the world in terms of GDP, number 55 in total exports, number 68 in total imports, number 118 economy in terms of GDP per capita and the number 92 most complex economy according to the Economic Complexity Index.Algeria is a North African country with a Mediterranean coastline and a Saharan desert interior with the capital located in Algiers that gained independence from France in 1962, with a country code of 213. The country is divided into 58 states or provinces, called Wilayates, which are further divided into 1,541 communes or municipalities, called baladiyahs with a population of 44.9 million as of 2022. Algeria borders Libya, Mali, Mauritania, Morocco, Niger, and Tunisia by land and Italy and Spain by sea.Algeria is estimated to have 12.2 billion barrels of proven crude oil reserves at the beginning of 2023. In 2022, Algeria exported $8.62B in Refined Petroleum, making it the 28th largest exporter of Refined Petroleum in the world and Refined Petroleum was the 3rd most exported product in the country. The main destination countries of the Refined Petroleum exports from Algeria are South Korea $2.21B, the United States $1.88B, Germany $739M, Singapore $708M and China $595M.