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Africa isn't a big bull in China's shop
Mail & Guardian ^ | 06/21/2013 | Chantelle Benjamin

Posted on 06/20/2013 6:28:12 PM PDT by TexGrill

China overtook the United States to become Africa's single biggest trading partner in 2009, with 13.9% of the continent's trade, ahead of the US with 13%, but figures show that Africa is a minor player in China's overall trade. China's trade with Africa reached $166.3-billion in 2011 and nearly $200-billion in 2012. Total foreign trade with South Africa has reached $45-billion, which makes up a significant portion of China's trade with the continent. South Africa is China's biggest African trade partner and China is the primary destination for South African exports, followed by the US, Japan, Germany and India. But the 2011 figures of the National Bureau of Statistics of China show that trade with South Africa is very small compared to China's trade with other countries. About 12.7% of South Africa's total exported goods and services go to China, while Chinese goods and services make up 14.3% of South Africa's total imports. China's imports from Africa continued to grow at a much faster rate than its exports, widening its trade deficit with the continent. Exports from China Exports to Africa from China for 2012 were $100-billion against $110-billion of imports from Africa. The imports have risen 26%, twice the speed of China's imports from other markets.

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TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: chinaafrica
Global business tip
1 posted on 06/20/2013 6:28:12 PM PDT by TexGrill
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To: TexGrill

Hey Tex, thanks for posting all those Asian articles I find both interesting and important.

2 posted on 06/20/2013 6:40:00 PM PDT by Undecided 2012
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To: Undecided 2012

You’re welcome. After Obummer destroys the American economy you need to find some other places to make investments.

3 posted on 06/20/2013 6:44:52 PM PDT by TexGrill (Don't mess with Texas)
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