The Guardian published on 22 January 2025 an article titled "China-Africa Trade Up 4.8pc to $295bn in 2024."
Total trade between China and Africa in 2024 grew by 4.8 percent over 2023 to $296 billion. Chinese exports to Africa rose 3.5 percent to $179 billion while African exports to China increased 6.9 percent to $117 billion.
This left the 54 African countries with a trade deficit of $62 billion in 2024, down from $64 billion in 2023. China exported finished goods to Africa while Africa exported raw materials and agricultural products to China.
China's elimination of tariffs on 98 percent of products imported from 21 African countries and zero tariffs on products from the 33 least developed Arican countries has done little to redress a persistent African trade deficit with China.
