Tuesday, February 7, 2023

China-Africa Trade Soars in 2022

Nikkei Asia published on 27 January 2023 an article titled "China-Africa Trade Soars on Spike in Commodity Prices" by Robert Bociaga. 

Rising commodity prices and Beijing's effort to promote imports from Africa pushed trade up 11 percent to $282 billion in 2022.  China's exports to Africa were $164 billion while imports reached $118 billion.  Nigeria was Africa's largest importer from China, while South Africa was the biggest exporter.