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China and India’s Oil Imports from Africa

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Harry G. Broadman - Africa\'s Silk Road China and India\'s New Economic Frontier (2007, World Bank Publications) - libgen.li
Morley, David - The Cambridge introduction to creative writing (2011) - libgen.li

China and India’s Oil Imports from Africa
China’s oil imports from Africa have been increasing at an annual compounded rate of 30 percent, slightly higher than the growth rate for imports from the rest of world, which is 26 percent. While China’s crude oil imports from Africa account for more than 25 percent of its total crude oil imports,
its petroleum product imports from Africa are quite insignificant. Among
African oil-producing countries, China imports oil mainly from Angola, Sudan, Republic of Congo, and Equatorial Guinea, with Angola alone accounting for 50 percent of oil imports from Africa.
Share of Chinese Crude Oil Imports from Africa, by Country of Origin
52 28 37 45 51 50 20 37 39 29 18 19 8
5 6
14 14 16 7
17 11 7
10 10 8
6 3
1 4
4 0
10 20 30 40 50 60 70 80 90 100 2000 2001 2002 2003 2004 Rest of Africa
Nigeria
Equatorial
Guinea
Republic of Congo
Sudan
Angola
percent
02-Chap2:02-Chap2 10/9/06 2:41 PM Page 82

PERFORMANCE AND PATTERNS OF AFRICAN
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ASIAN TRADE AND INVESTMENT FLOWS
83
from West African countries (Benin, Côte d’Ivoire, Gabon, Ghana, and
Nigeria) and cotton from Benin, Côte d’Ivoire, Mali, Sudan, and Tanzania.
Nuts follow logs and cotton as major exports to India (8 percent, supplied by Benin, Cote d’Ivoire, Guinea, Mozambique, and Tanzania.
African imports from China and India are more broadly based than
African exports to those countries (see figure 2.17). Out of all imports from
China, 87 percent comprise machinery and equipment, textile and apparel, and other manufactured products. Manufactured products are less represented in imports from India (51 percent. Manufactured products imported from China and India are mainly textile and apparel prod-
Chinese Oil Imports ($ billions)
2000 2001 2002 2003 2004 2005
Crude petroleum
Africa
3.6 2.5 3.0 4.9 9.3 ROW 11.7 12.8 19.8 33.9 47.7

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