Tuesday, June 1, 2010

Trade Between Africa and Trading Partners 1980-2008

Interesting illustration from the Africa Progress Report regarding percent (%) share of trade between Africa and her trading partners from the period 1980-2008.

In the almost 30 years illustrated in the chart; Africa's trade with the EU has continued to decline, from a high of 55% in the mid eighties to about 35% share of total Africa trade in 2008.

South-south trade with non African countries, has increased from a low of 8% of Africa's total trade to almost 30%. This increase is largely trade with Asia. See previous posts on
Africa Asia trade.

US Africa trade has declined compared to pre 1980 at 18% of total Africa trade. However since then, US Africa trade has been at a similar level at slightly over 10% since the mid 80's. See previous post on
US Africa trade.

Intra Africa Trade has risen from a low 3% to slightly over 10% of Africa's trade, however this has been hovering at a similar level since in the mid nineties.

It will indeed be a historic moment when Africa's trade with other developing countries outperforms colonial trade flows.

No comments:

Post a Comment