Graphics Spotlight: Economic and Trade Connections Between China and Africa Remain Robust
Overview: The strong economic ties and trade relations between China and Africa continue to flourish, as illustrated by graphics that depict the current state of collaboration and commerce between the two regions.
TroibNews 
China and African nations maintain strong trade and economic relations driven by mutually beneficial cooperation. For 15 consecutive years, China has held the position of Africa's largest trading partner and ranks as the fourth-largest source of investment on the continent.
In 2023, trade between China and Africa reached a peak of $282.1 billion. Notably, during this period, China's exports of new energy vehicles and lithium batteries to Africa surged by 291 percent and 109 percent year on year, while imports of nuts and vegetables from Africa rose by 130 percent and 32 percent, respectively.
To enhance imports from Africa, China has eliminated tariffs on 98 percent of taxable imports from 21 of Africa's least-developed countries, established "green lanes" for African agricultural exports, and facilitated the entry of African products into the Chinese market through cross-border e-commerce platforms.
In the first half of this year, China imported goods valued at $60.1 billion from Africa, marking a substantial year-on-year increase of 14 percent. Furthermore, the volume of agricultural products imported from Africa has seen positive growth for seven straight years.
In 2023, the import of fresh pears from South Africa to China soared by 1,733 percent year on year, while the import of avocados from Kenya rose by 624 percent compared to the previous year.
By the end of 2023, China's investment stock in Africa surpassed $40 billion. China has also signed the Memorandum of Understanding on Belt and Road Cooperation with 52 African nations and the African Union. As of the end of 2022, a total of 3,323 Chinese enterprises had made investments across 52 African countries.
Camille Lefevre contributed to this report for TROIB News
In 2023, trade between China and Africa reached a peak of $282.1 billion. Notably, during this period, China's exports of new energy vehicles and lithium batteries to Africa surged by 291 percent and 109 percent year on year, while imports of nuts and vegetables from Africa rose by 130 percent and 32 percent, respectively.
To enhance imports from Africa, China has eliminated tariffs on 98 percent of taxable imports from 21 of Africa's least-developed countries, established "green lanes" for African agricultural exports, and facilitated the entry of African products into the Chinese market through cross-border e-commerce platforms.
In the first half of this year, China imported goods valued at $60.1 billion from Africa, marking a substantial year-on-year increase of 14 percent. Furthermore, the volume of agricultural products imported from Africa has seen positive growth for seven straight years.
In 2023, the import of fresh pears from South Africa to China soared by 1,733 percent year on year, while the import of avocados from Kenya rose by 624 percent compared to the previous year.
By the end of 2023, China's investment stock in Africa surpassed $40 billion. China has also signed the Memorandum of Understanding on Belt and Road Cooperation with 52 African nations and the African Union. As of the end of 2022, a total of 3,323 Chinese enterprises had made investments across 52 African countries.
Camille Lefevre contributed to this report for TROIB News
