According to China Customs, the bilateral trade volume between China and Algeria reached US$1.76 billion in 2005, up by 42.7 percent, among which China's export to Algeria was US$1.4 billion, up by 43.3 percent, while China's import from Algeria was US$360 million, up by 40.4 percent. China had a surplus of US$1.04 billion. China mainly exported mechanical appliances and accessories thereof, machinery and electronic products, vehicles and parts and accessories thereof, iron and steel products, clothing and accessories thereof, rubber and articles thereof, footwear, ceramic products, plastic and products thereof. The major imported products of China from Algeria included mineral fuels, plastic and products thereof, cork and articles of cork, copper and articles thereof, raw hides and skins (other than furskins) and leather.
According to the Ministry of Commerce (MOFCOM), the turnover of engineering contracts completed by Chinese companies in Algeria reached US$1.05 billion in 2005, and the volume of the newly signed contracts was US$1.83 billion. The volume of completed labour service cooperation contracts was US$10.71 million, and that of the newly signed labour service cooperation contracts was US$3.77 million. The turnover of finished designs and consultations was US$4.21 million, and that of the newly signed contracts was US$7.66 million.
Approved by or registered with the MOFCOM, 5 Chinese-funded non-financial enterprises were established in Algeria in 2005, with a total contractual investment of US$5.6 million.
According to the MOFCOM, Algeria investors invested in 7 projects in China in 2005, with a contractual investment of US$3.78 million and an actual utilization of US$1.01 million.
