Annual Comparison of China's Exports to Africa (2019-2023)
Based on customs data, this article compares China's exports to Africa from 2019 to 2023, showing the post-pandemic rebound and slight decline in recent years.
Data Overview
In recent years, the trade relationship between China and Africa has deepened. China's exports to Africa from 2019 to 2023 show a trend of first declining, then rising, and then slightly falling.
Annual Data Points
- 2019: China's exports to Africa were approximately USD 113 billion, representing a normal pre-pandemic level.
- 2020: Affected by the COVID-19 pandemic, exports fell to about USD 105 billion, a year-on-year decrease of 7%.
- 2021: With global economic recovery, exports rebounded strongly to USD 148 billion, up 41% year-on-year.
- 2022: Continued growth pushed exports to USD 164 billion, a record high.
- 2023: Due to global economic slowdown and demand fluctuations, exports declined to about USD 150 billion, down 8.5% year-on-year.
Trend Analysis
According to the data, China's exports to Africa recovered quickly after the pandemic, peaking in 2022, but experienced a correction in 2023. Overall, the African market still holds potential, but short-term volatility warrants attention.
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