In 2000, China was the leading source of imports for only a few African countries: Sudan, Gambia, Benin and Djibouti.
But 20 years later, the Asian superpower is now the top supplier of goods for over 30 nations on the continent.
The China-Africa connection has been fostered intensely over the last two decades. As reported by Statista's research expert for Angola, Kenya and Tanzania, Julia Faria:
"The value of Chinese exports to African countries jumped from five billion U.S. dollars to 110 billion".
It's not just a one-way street, however:
"African exports to China also increased, though at a slower pace. In 2020, total export value to China reached nearly 62 billion U.S. dollars, a slowdown caused by the Covid-19 pandemic. The growing Chinese demand for raw materials has found a strong supplier in Africa, with exports valued at around 14 billion U.S. dollars in 2020."
Far beyond being a simple trade relationship, China has been the largest foreign investor in Africa for a number of years now. Additionally, the country was the source of 25 percent of infrastructure funding in the continent in 2018 - the second highest share that year and only second to the financial commitments from national African governments.
By Zerohedge.com
