Home / Africa/International / China-Africa agric trade hits $4.7b in 2011

China-Africa agric trade hits $4.7b in 2011

The trade volume on agricultural products between China and Africa reached $4.78 billion in 2011, according to figures provided by the Chinese government.

The volume of trade was a 40.2% jump over the 2010 figures and was seven times that of 2001.

Speaking at the recently-held China-Africa Business Cooperation Forum, Director of the Department of International Cooperation of the Chinese Ministry of Agriculture, Wang Ying said China exported $2.45 billion in agricultural products to African countries in 2011, up 35.7% year-on-year, and imports increased 45.2% to reach $2.33 billion, the China Daily reported May 20, 2012.

China is said to be Africa’s largest trading partner as bilateral trade value exceeded $160 billion in 2011.

By Ekow Quandzie

Check Also

 Africa Finance Ministers conference discusses importance of digital economy to continent

African countries are noticing the importance of digitalization and the digital economy in driving growth …