Chinese Trade with Africa Hits Record High

Author: 

Robert Rotberg

Publication date: 

Monday, 17 March 2014

Type: 

  • Article

Producer: 

External to ACUI

Project theme: 

China’s enduring importance for Africa was strengthened again in 2013, when trade between the globe’s most populous country and its poorest continent soared to a record total of $200 billion. That included a 44 percent spurt in Chinese direct investment in Africa. U.S. trade with Africa, but only in goods, not services, totaled $85 billion in 2013. Services amounted to about another $11 billion. European trade with Africa reached $137 billion in 2013. So long as China grows its own GDP at more than 7 percent it will need to rely on the resource commodities of Africa – the bulk of this $200 billion trade.