Monday, January 29, 2024

China-Africa Trade in 2023 Increases, But Africa's Deficit Grows

 China's General Administration of Customs published on 12 January 2024 global trade figures for 2023.  China's trade with Africa increased 1.5 percent over 2022 to $282 billion, but Africa's trade deficit with China also increased.  Chinese exports to Africa reached $173 billion, an increase over 2022 of 7.5 percent.  African exports to China were $109 billion, a decrease of 6.7 percent.