BRI NEWS China-Africa trade increases in Jan-May


China-Africa trade increases in Jan-May


13:49, July 08, 2019

BEIJING, July 6 (Xinhua) -- China's trade with Africa saw a mild increase in the first five months this year, official data showed.


Chinese and African businesmen talk at the first China-Africa Economic and Trade Expo held in Changsha, Hunan Province, on June 28, 2019. (Photo: VCG)

China-Africa trade volume stood at 84.76 billion U.S. dollars during the period, up 3 percent year on year, as compared with a drop of 1.6 percent in China's overall foreign trade in U.S. dollar terms during the period, according to the General Administration of Customs (GAC).

In breakdown, China's exports rose 6.3 percent year on year to hit 43.57 billion U.S. dollars from January to May, while imports from Africa declined 0.3 percent to 41.19 billion U.S. dollars, leading to a surplus of 2.38 billion U.S. dollars.

In May, China-Africa trade expanded 1.7 percent to 18.67 billion U.S. dollars, with China seeing a surplus of 1.89 billion U.S. dollars, said the GAC.

China's exports in the month stood at 10.28 billion U.S. dollars, up 8.7 percent year on year while the imports totaled 8.39 billion U.S. dollars, down 6 percent than a year earlier.

In 2018, China-Africa trade reached 204.2 billion U.S. dollars, up 20 percent year on year, and China has been Africa's largest trading partner for 10 straight years.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue