PERFORMANCE AND PATTERNS OF AFRICAN
-
ASIAN
TRADE AND INVESTMENT FLOWS73
Africa’s overall exports to the world. In addition to oil and natural gas,
agricultural raw products and non-oil mineral and metal products are also major product groups, representing another 39 percent of Africa’s exports to Asia. Cotton, timber, fruits and nuts, and crustaceans and mollusks are the major agricultural products exported from Africa to Asia. The leading non-oil mineral and
metal products include gold, silver, platinum, iron,
aluminum, iron ore, copper, and pearls. Although almost one-half of total
African exports to Asia
are from oil and natural gas, the dominance of such products in the export structure is less pronounced than the case of exports to the United States.
Manufactured products (machinery and transport equipment textiles,
apparel, and footwear and other manufactured materials) are not major exports of African countries in general. In fact, compared to other regions,
only Africa has exhibited a stagnant trend in non-oil exports (see figure. In absolute terms, the EU is the major destination of African manufactured products. Manufactured exports to Asia are approximately one- third of those to the EU in absolute terms.
Among exports to Asia, those products constitute only 13 percent (see table 2.2). African exports in manufactured products are also limited. The weak presence of manufactured products in the export structure, or in turn the strong presence of primary
FIGURE 2.12
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