China-Africa trade soars on spike in commodity prices (2024)

Trade

Two-way commerce dwarfs that between U.S. and continent

ROBERT BOCIAGA, Contributing writer | Africa

KAMPALA, Uganda -- Africa's bilateral trade with China surged to a record high last year, highlighting how Beijing's commercial influence over the continent continues to dwarf that of the U.S.

Rising commodity prices and Beijing's push to promote imports from Africa pushed trade up 11% to $282 billion in 2022. China's exports to Africa were $164.49 billion, according to Chinese customs authorities, while imports reached $117.51 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

China-Africa trade soars on spike in commodity prices (2024)
Top Articles
Latest Posts
Article information

Author: Neely Ledner

Last Updated:

Views: 5825

Rating: 4.1 / 5 (62 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Neely Ledner

Birthday: 1998-06-09

Address: 443 Barrows Terrace, New Jodyberg, CO 57462-5329

Phone: +2433516856029

Job: Central Legal Facilitator

Hobby: Backpacking, Jogging, Magic, Driving, Macrame, Embroidery, Foraging

Introduction: My name is Neely Ledner, I am a bright, determined, beautiful, adventurous, adventurous, spotless, calm person who loves writing and wants to share my knowledge and understanding with you.