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.
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.
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