China-Africa bilateral trade surges by 7.4% to 1.14 trillion Yuan

Posted on August 29, 2023   |  

Bilateral trade between China and Africa grew by 7.4% to 1.14 trillion Yuan ($156.4 billion) in the first 7 months of 2023.

China holds a position as Africa's top trade partner for 14 consecutive years, clocking imports and exports valued at over $2.9 Trillion.

Trade volume grew by 11.1% to $282 billion in 2022, reflecting a deepening trade collaboration between China and Africa.

In 2022, China recorded $164.5 billion in exports to Africa, while imports stood at $117.5 billion, illustrating a vibrant economic exchange.

Prospects for mutual growth flourished in various sectors, including finance, digital economy, aerospace, and sustainable energy, propelled by shared values.