China turns to Africa for its surplus steel exports

China turned to Africa as their biggest overseas buyers in Southeast Asia could no longer usurp its steel owing to new US trade restrictions. Notably, China has established a significantly active presence across Africa. Trade between China and Africa grew sharply from US$1 billion in 1980 to a whopping US$128 billion as of 2016. In fact, since ...

Main African importers from China | Statista

As of 2021, Nigeria and South Africa were the main importers from China in Africa. The two African countries imported from the Asian partner some 22.6 billion and 21.1 billion U.S. dollars ...

Value of exports from Africa to China

As of 2021, exports from African countries to China accumulated to nearly 105 billion U.S. dollars. The value declined compared to 2020 when exports from Africa to the …

Enhancing Africa's Agricultural Exports to China

Enhancing Africa's Agricultural Exports to China. 25 November 2022. Agricultural and food products from Ethiopia, Kenya, Madagascar, Mauritius, Mozambique, Rwanda, Uganda and Zambia have export potential for China, as consumer demand continues to grow. This report highlights areas of greatest potential and also looks at both sides to seal ...

Data: China-Africa Trade

In 2023, Angola was the largest exporter to China from Africa, followed by the Democratic Republic of Congo and South Africa. South Africa was the largest buyer of Chinese goods in 2023, followed by Nigeria and Egypt.

Africa: share of exports to China by country | Statista

In 2021, China accounted for around 60 percent of goods exports from the Democratic Republic of the Congo. The latter was one of the largest African exporters of goods to China. Angola was...

China (CHN) Exports, Imports, and Trade Partners | The …

The most recent exports are led by Broadcasting Equipment ($272B), Integrated Circuits ($212B), Computers ($181B), Office Machine Parts ($111B), and Semiconductor Devices ($70.2B). The most common destination for the exports of China are United States ($551B), Hong Kong ($276B), Japan ($178B), Germany ($152B), and South Korea ($150B). Explore ...

Chart: China

China's customs agency reported that trade with Africa reached record highs in 2021. As our chart shows, while trade between the two markets has been steadily increasing for years, it saw a jump ...

Africa-China trade value 2023

As of April 2023, the sum of exports and imports between Africa and China was measured at roughly 25.5 million U.S.

China-Africa Economic Bulletin, 2024 Edition

Between 2021-2022, African exports to China increased by 19 percent. China's exports to Africa grew by 11 percent over the same period, but since China's export value to Africa remained higher than Africa's exports to …

Exchange Rate Movements and China-East Africa …

Although the Africa-China trade balance has significantly improved since 2015, African exporting countries to China still have to strengthen their export. The balance was USD −34 billion in 2019, compared to USD −6 billion …

10 Charts to Explain 22 Years of China-Africa …

In 2022, approximately two-thirds of Africa-China exports were concentrated in just four commodities: petroleum crude oil (41 percent), …

South Africa Exports to China

South Africa Exports to China was US$12.48 Billion during 2023, according to the United Nations COMTRADE database on international trade. South Africa Exports to China - data, historical chart and statistics - was last updated on December of 2024.

Sub-Saharan Africa Trade | WITS | Text

Sub-Saharan Africa exports to China worth US$ 51,592 million, with a partner share of 13.90 percent. Sub-Saharan Africa exports to India worth US$ 26,813 million, with a partner share of 7.22 percent. Sub-Saharan Africa exports to United States worth US$ 20,248 million, with a partner share of 5.45 percent.

China's trade with Africa hits 1.19 trl yuan | Africanews

China-Africa trade reached a record high of 282.1 billion U.S. dollars in 2023, up 1.5 percent year on year, showing strong resilience. In 2023, China's imports of African nuts, vegetables ...

Africa's Chinese Trade Tie-Up | Global Finance Magazine

Accordingly, China's involvement in Africa goes beyond trade, encompassing a mix of economic investments, geopolitical strategies, and local challenges. The Belt and Road Initiative (BRI), which China launched in 2013 to foster global connectivity and trade routes, assigns Africa a pivotal role within its system of maritime and land corridors.

China-Africa economic, trade relations deepen

In 2023, China's new energy vehicles, lithium batteries and photovoltaic product exports to Africa increased by 291 percent, 109 percent and 57 percent year-on-year, respectively. Meanwhile, China's imports of African …

China Exports to Africa

Exports to Africa in China decreased to 11531679.08 USD Thousand in February from 17250055.19 USD Thousand in January of 2024. This page includes a chart with historical …

China and Sub-Saharan Africa trade: A case of growing interdependence

Minerals, metals, agricultural products, and crude oil are the main exports of SSA economies to China. Specifically, in 2019, SSA accounted for more than 16 percent of all crude oil imported by China, and the size of SSA crude exports to China grew by more than 100 percent between 2008 and 2019 – 0.7 million barrels per day in 2008 to 1.5 million barrels per day in …

China-Africa trade hit US$282 billion in 2023 but Africa's trade …

China's total trade with Africa grew a modest 1.5 per cent in 2023 from 2022 to US$282.1 billion, but Africa's trade deficit with China widened, according to the latest Chinese customs data.

Africa's economic relationship with China has moved from …

While the volume of trade is comparatively low, the value of Africa-China trade has grown substantially but unevenly (accounting for commodity shocks). Africa's exports to China have grown from £56.4 billion in 2013 to £84.6 billion in 2021. This growth in value is not the result of a diversified African export basket and Africa continues ...

What South African Rooibos Tea Can Tell Us About Africa-China Trade …

While Chinese exports to Africa reached $173 billion, an increase of 7.5 percent over 2022, Africa's exports to China dropped by 6.7 percent to $109 billion. Given these figures, ...

AGOA in Africa | US-China| Africa | The Exchange

As of 2021, China's trade with Africa reached $250 billion, surpassing the $62 billion in US-Africa trade volume. There is no doubt that China's involvement has led to significant infrastructure development in Africa. However, it has also raised concerns regarding transparency, environmental sustainability, and the potential for debt-trap ...

CHINA-AFRICA TRADE AND

China-Africa trade relations In 2009 China became Africa's largest trading partner. In 2012, China extended 30 African states zero tariff treatment for 60 percent of their exports to China. The same year, China exported USD85.319b worth of goods to Africa while Africa exported USD113.171b worth of products to China.

Charted: Top Destinations for Africa's Exports …

Tracking Africa's Exports Between 1995 and 2005. The U.S. was the top destination for African goods for many years, led by the country's demand for petroleum products.At its peak in 2005, the U.S. received one-fifth of the …

China- Africa trade reached an all-time high in …

The value of trade between Africa and China rose by 35% from 2020 to $254 billion last year, mainly due to an increase in Chinese exports to the continent. This rise occurred despite last year's ...

The next chapter in China-Africa economic relations

Over the last 20 years, China has become sub-Saharan Africa's largest bilateral trading partner. Around 20% of the region's exports now go to China and about 16% of Africa's imports come ...

REA ECC OUTLOOK

China has emerged as sub-Saharan Africa's largest individual country trading partner in the last 20 years. Today, one-fifth of the region's total goods exports go to China (Figure 1, panels 1 …

Africa: share of exports to China by country | Statista

In 2021, China accounted for around 60 percent of goods exports from the Democratic Republic of the Congo. The latter was one of the largest African exporters of goods to China.

China, South Africa agree to seek balanced trade, …

China and South Africa, whose top leaders met in Beijing, agreed to promote balanced trade and discussed boosting two-way investments between their industrial and commercial communities, a joint ...

Are Africa and China together driving 21st-century growth?

The 2019 and 2021 CAETE expos resulted in the signing of 216 projects, accounting for over $43 billion in new trade with Africa. Separately, Standard Bank also arranges regular Africa-China trade matchmaking sessions, introducing existing or potential African exporters to hundreds of Chinese off-takers. In the past four years, Standard Bank has ...

Export trade in China

China's export partners ... China has opened new markets in the Middle East and Africa. In 2023, China exported around 11 trillion-yuan worth of commodities to the countries participating in the ...

Chart: China's African Trade Takeover

In 2000, China was the leading source of imports for only a few African countries: Sudan, Gambia, Benin and Djibouti. But as this infographics shows, 20 years later the Asian superpower is now the ...

Value of exports from Africa to China | Statista

As of 2021, exports from African countries to China accumulated to nearly 105 billion U.S. dollars. The value declined compared to 2020 when exports from Africa to the Asian country amounted to ...

China, Africa embrace closer economic, trade ties

China-Africa trade reached a record high of 282.1 billion U.S. dollars in 2023, up 1.5 percent year on year, showing strong resilience. In 2023, China's new energy vehicles, lithium batteries, and photovoltaic products exports to Africa increased by 291 percent, 109 percent, and 57 percent year on year, respectively. ...