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Trade between Algeria and South Korea

In 2024, Algeria exported $3.6 billion to South Korea and imported $291 million. Algeria ran a surplus of $3.3 billion with South Korea, compared with a surplus of $1 billion in 2019. South Korea was Algeria’s 7th largest trading partner (4% of its trade), and Algeria was South Korea’s 40th (0.3%).

Summary

Algeria → South Korea
$3.6billion
South Korea → Algeria
$291million
Algeria’s balance
$3.3billion

Balance

Algeria’s trade balance with South Korea

Trade between Algeria and South Korea grew 18.5-fold since 1995

USD billions (current). Algeria’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.6
  • Imports 0.3
  • Balance +3.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$146 million$65 million$81 million
1996$163 million$103 million$60 million
1997$103 million$111 million-$8 million
1998$31 million$225 million-$194 million
1999$72 million$321 million-$249 million
2000$74 million$206 million-$132 million
2001$109 million$194 million-$85 million
2002$180 million$241 million-$61 million
2003$184 million$252 million-$68 million
2004$238 million$429 million-$192 million
2005$242 million$413 million-$171 million
2006$565 million$487 million$78 million
2007$648 million$889 million-$242 million
2008$768 million$1.1 billion-$291 million
2009$923 million$1.3 billion-$329 million
2010$526 million$2.1 billion-$1.6 billion
2011$386 million$1.6 billion-$1.2 billion
2012$284 million$1.3 billion-$1 billion
2013$808 million$1.2 billion-$345 million
2014$1.7 billion$1.7 billion$82 million
2015$816 million$1.2 billion-$426 million
2016$253 million$1.3 billion-$1.1 billion
2017$785 million$1.7 billion-$898 million
2018$2 billion$950 million$1 billion
2019$1.7 billion$701 million$1 billion
2020$904 million$254 million$650 million
2021$1.9 billion$197 million$1.7 billion
2022$3.4 billion$233 million$3.1 billion
2023$3.2 billion$284 million$2.9 billion
2024$3.6 billion$291 million$3.3 billion

What they sell each other

What Algeria sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$2.5 billion · 67.9%
    3.5 million tonnes · Algeria’s destinations
  2. Crude petroleum$1.1 billion · 31.2%
    1.6 million tonnes · Algeria’s destinations
  3. Natural gas and LPG$30 million · 0.82%
    47 thousand tonnes
  4. Fish fillets$3 million · 0.07%
    109 tonnes
  5. Aluminum scrap$704 thousand · 0.02%
    366 tonnes
  6. Woven carpets$224 thousand · 0.01%
    48 tonnes
  7. Frozen fish$185 thousand · 0.01%
    18 tonnes
  8. Slag and ash with metals$59 thousand · 0%
    86 tonnes
  9. Avocados, mangoes, pineapples and dates$38 thousand · 0%
    20 tonnes
  10. Used clothing$15 thousand · 0%
    14 tonnes

What South Korea sells to Algeria

The top 10 headings in 2024, with their share of the total.

  1. Auto parts$43 million · 14.8%
    5 thousand tonnes · South Korea’s destinations
  2. Acrylic polymers$23 million · 7.8%
    17 thousand tonnes
  3. Air conditioners$16 million · 5.6%
    1 thousand tonnes · South Korea’s destinations
  4. Trucks$15 million · 5.3%
    2 thousand tonnes · South Korea’s destinations
  5. Vaccines, blood and antisera$12 million · 4.1%
    11 tonnes · South Korea’s destinations
  6. Steam boilers$10 million · 3.6%
    2 thousand tonnes
  7. Cars$10 million · 3.4%
    1 thousand tonnes · South Korea’s destinations
  8. Polypropylene$9 million · 3%
    8 thousand tonnes · South Korea’s destinations
  9. Water heaters and industrial dryers$8 million · 2.9%
    1 thousand tonnes
  10. Dishwashers and packing machines$7 million · 2.3%
    827 tonnes

How it travels

Estimated sea route from Algiers to Busan.

The estimated sea route between Algiers and Busan is 13,837 nautical miles (25,626 km) long: ≈ 32–41 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (13,837 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (9,238 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$3.9 billion · 98.8%
  2. Air$49 million · 1.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Algeria’s 7th largest trading partner (4% of its trade), and Algeria was South Korea’s 40th (0.3%).

South Korea in Algeria’s trade
4.3%
South Korea’s rank among Algeria’s partners
7th
Algeria in South Korea’s trade
0.3%
Algeria’s rank among South Korea’s partners
40th

Compare with

Other partners of Algeria

Other partners of South Korea

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.