PERFORMANCE AND PATTERNS OF AFRICAN
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ASIAN
TRADE AND INVESTMENT FLOWS79
Malaysia account for almost 80 percent of Asia’s total processed food exports to Africa. While India and China supply 70 percent of Asia’s total electronic exports to Africa, China supplies 90 percent of Asia’s coal exports to Africa.
Africa’s Pattern of Merchandise Trade with China and India China and India as Drivers of Growth in African-Asian TradeFlowsThe high growth of Africa’s trade with Asia is largely driven by exports to
China and India, the two dynamic economies not only in Asia but also worldwide. The China-India-driven export growth of African countries underpins the earlier observation that Africa’s exports to Asia are largely driven by increasing demand in Asia for natural resources and other primary commodities arising from Asia’s growing industrial sectors and increasing purchasing power. China and India are the countries where such demand is most visible. While Japan and the Republic of Korea were the most important markets for Africa’s
exports in the early s, both China and India doubled their annual growth rates of imports from Africa between the periods of 1990–94 and 1999–2004 (figure 2.15). China and India have 40 percent and 9 percent shares, respectively, of Africa’s total exports to Asia today.
FIGURE 2.15
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