TEHRAN- The value of trade between Iran and Algeria rose by five folds during the first eight months of the current Iranian calendar year (March 21-November 21, 2025), as compared to the same period of time in the past year, according to the head of Iran Trade Center in Algeria.

According to Saeed Zare’ Haghighi, Iran’s trade with Algeria in the first eight months of this year increased from about $2 million to $11 million, which is evidence of a fivefold growth in Iran's trade with Algeria.

Referring to Algeria's geo-economic importance, he said: "Algeria is a secure country with a strategic location and proximity to Europe. Algeria's foreign currency income in recent years has increased from about $50 billion to over $300 billion, and this country has a trade surplus of $20 to $30 billion, which creates great opportunities for economic cooperation."

Zareh’ Haghighi stated that the development of economic cooperation is conditional on a win-win and sustainable approach, saying: "Sustainable trade between Iran and Algeria is achieved when economic relations are two-sided and based on mutual interests. In this path, issues such as barter and diverse methods of financing can also be pursued."

Referring to the capacity and potential of trade events in developing trade, the head of Iran Trade Center added: "Specialized exhibitions are among the most important tools for market development, and our plan is to periodically introduce reputable exhibitions with regular timeframes, targeted invitations to economic activists, and operational accompaniment of merchants until the final result is achieved."

He emphasized the importance of logistics, financing, facilitating money transfers, and maintaining established markets.

He also announced a 23-percent growth in Iran's trade with the African continent, and mentioned the African continent as one of the important and strategic destinations for the active presence of Iran's private sector.

Zare’ Haghighi: "Africa is not just a continent, but a major economic opportunity, and Algeria holds a key position among the countries in this region."

He reported a decrease in Iran's imports from the African continent and emphasized: "The value of imports from this continent has decreased from $72 million to $45 million."

In late December, Zare’ Haghighi said that Algeria’s infrastructure needs offer significant opportunities for exporting technical and engineering services, making the North African country a largely untapped economic market.

He said Africa — and Algeria in particular — should be seen as a strategic destination for the private sector, noting that limited numbers of commercial counsellors made targeted entry into new markets essential.

He described Algeria as a geopolitically secure country with a strategic location close to Europe, adding that after the decline in Russian energy exports, about 20 percent of Europe’s oil and gas is now supplied by Algeria.

Zare’ Haghighi said Algeria’s foreign currency revenues had risen from around $50 billion to more than $300 billion in recent years, generating a trade surplus of $20 billion to $30 billion and creating broad scope for economic cooperation.

He pointed to strong demand in Algeria for technical and engineering services, infrastructure projects, and the construction of silos and storage facilities linked to food security, saying Iranian companies had the technical know-how and experience to meet these needs.

He also highlighted Algeria’s industrial and mining potential, including steel and phosphate, and said the trade center was ready to identify opportunities, guide exporters and promote participation in specialized exhibitions, drawing on models used by countries such as Turkey that combine trade with on-the-ground investment.

MA