Tuesday, July 27, 2021

China Now Trades More with Sub-Saharan Africa than Both US and European Union

 The Atlantic Council blog posted on 22 July 2021 an analysis titled "China and Sub-Saharan Africa Trade: A Case of Growing Interdependence" by Amin Mohseni-Cheraghlou, macroeconomist for the Atlantic Council's GeoEconomics Center.  

China now accounts for 25 percent of merchandise trade with Sub-Saharan Africa (SSA) compared to 22 percent for the European Unio and only 6 percent for the US.  Since the beginning of this century, China's merchandise trade with SSA has risen sharply while it has declined modestly with the EU and declined significantly with the US.  The blog posting includes statistics for China's trade with individual countries in SSA since 2000.