According to data from China’s General Administration of Customs, trade between China and Africa has seen consistent growth in the first seven months of the year, increasing by 5.5% to reach $166 billion.
In 2023, trade between the two regions reached a record high of $282.1 billion, highlighting the resilience of their economic ties.
Last year, China’s imports of African products such as nuts, vegetables, flowers, and fruits saw significant increases, with growth rates of 130%, 32%, 14%, and 7% respectively compared to the previous year.
Chinese exports to Africa also surged, particularly in sectors like new energy vehicles, lithium batteries, and photovoltaic products, which rose by 291%, 109%, and 57% respectively.
China has maintained its position as Africa’s largest trading partner for 15 consecutive years.
Strengthening economic and trade cooperation will be a key focus at the upcoming Forum on China-Africa Cooperation (FOCAC), scheduled to take place in Beijing from September 4 to 6, 2024.
