Industry News

China-Africa trade has a good momentum of development

2023-09-18

Data recently released by the General Administration of Customs shows that in the first seven months of this year, the scale of China-Africa trade reached 1.14 trillion yuan, a year-on-year increase of 7.4%, continuing the good development momentum.

Broken down by country, South Africa is my country's largest trading partner in Africa.Customs statistics show that in the first seven months of this year, bilateral trade between China and South Africa was 226.15 billion yuan, a year-on-year increase of 10.5%, accounting for 19.9% of my country’s total import and export value to Africa during the same period.Nigeria and Angola are my country's second and third largest trading partners in Africa respectively.In the first seven months, my country's imports and exports to Nigeria and Angola were 95.29 billion yuan and 82.63 billion yuan respectively, accounting for 8.4% and 7.3% of China-Africa trade respectively.

From the perspective of export products, electromechanical products such as ships and automobiles dominate my country’s exports to Africa.In the first seven months, my country's exports to Africa were 709.59 billion yuan, an increase of 20%.In the first seven months, my country's exports to Africa were 709.59 billion yuan, an increase of 20%.Among them, exports of mechanical and electrical products were 355.16 billion yuan, an increase of 32.5%, accounting for 5010/· of my country’s total exports to Africa during the same period. Ships and automobiles were exported respectively.

From the perspective of export products, electromechanical products such as ships and automobiles dominate my country’s exports to Africa.In the first seven months, my country's exports to Africa were 709.59 billion yuan, an increase of 20%.Among them, the export of mechanical and electrical products was 355.16 billion yuan, an increase of 32.5%, accounting for 50.1% of my country's total export value to Africa during the same period; the exports of ships and automobiles were 24.39 billion yuan and 19.42 billion yuan respectively, an increase of 81.3% and 26.1% respectively.During the same period, my country's exports of labor-intensive products to Africa were 169.92 billion yuan, an increase of 18.1%, accounting for 23.9%. The exports of clothing and clothing accessories, and shoes and boots increased by 32.6% and 27.1% respectively.

From the perspective of imported products, my country's imported products from Africa are mainly crude oil, metal ores and agricultural products.In the first seven months, my country imported 426.65 billion yuan from Africa.Among them, crude oil, metal ore, unwrought copper and copper materials were imported at 117.51 billion yuan, 115.08 billion yuan and 57.37 billion yuan respectively, accounting for 68% of my country's total import value from Africa during the same period.During the same period, my country imported 23.66 billion yuan of agricultural products from Africa, an increase of 20%, accounting for 5.5%.

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