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In 2010, trade between Africa and China was valued at US$114 billion [9] and US$166.3 billion in 2011. [67] By 2022, total trade grew to US$282 billion. [68] China has been Africa's largest trading partner since 2009 when it surpassed the United States, [69] and continues to be by far its largest trading partner as of 2022. [68]
According to the 2nd session of the 2011 China Africa Industrial Forum hosted in Beijing, China-Africa trade volume was expected to exceed 150 billion US dollars by year 2011. [124] As with previous Western involvement in Africa, forging close ties with local elites has been a key strategy for Chinese diplomats and businessmen. [125]
Beginning in the 1980s, economic and commercial relations expanded rapidly between the two countries. In 2008, the total trade volume between Botswana and China was nearly 360 million US dollars. From January–October 2009, trade volume still totaled 193 million in 10 months despite the worldwide 2008 recession. [2]
Africa secured more than $10 billion in loans a year from China between 2012-2018, thanks to President Xi Jinping's Belt and Road Initiative (BRI), but the lending fell precipitously from the ...
The 30 largest bilateral trade volume in 2013 (millions of US$) Rank Net exporter Net importer Reported volume of net exporter Reported volume of net importer 1 Germany European Union: 1,468,990: 2 Netherlands European Union: 798,744: 3 European Union France: 745,931 4 European Union United States: 603,194: 660,541 5 Canada United States ...
The China Africa Research Initiative (CARI) at the Johns Hopkins University School of Advanced International Studies (SAIS) is a research program dedicated to understanding the political and economic aspects of China-Africa relations. Launched in 2014, it is based at the Paul H. Nitze School of Advanced International Studies in Washington, D.C.
In 1980, the total Sino-African trade volume was US$1 billion. By 1999, it had reached US$6.5 billion. [253] By 2005, the total Sino-African trade had reached US$39.7 billion before it jumped to US$55 billion in 2006, making China the second largest trading partner of Africa after the U.S., which had trade worth US$91 billion with African nations.
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