Top African Export Countries

Exports from Africa totaled US$497.3 billion in 2018. That dollar amount reflects a -7.4% decrease since 2014 but a 17.8% uptick from 2017 to 2018. In comparison, global exports from all countries equaled $19.347 trillion in 2018, rising 2.4% in value since 2014 and appreciating by 10.2% from 2017 to 2018.

Africa’s exports represent an estimated 2.6% of total world exports in 2018.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, the total Gross Domestic Product for Africa calculated on a Purchase Power Parity (PPP) basis amounted to roughly $6.813 trillion in 2018. Therefore, exports account for about 7.3% of Africa’s total economic output.

Given Africa’s population of about 1.264 billion people, the total $497.3 billion in 2018 exported goods originating from continental Africa translates to roughly $400 per African resident.

Top African Export Countries

Below are the top African export countries that achieved the highest dollar value in global shipments during 2018. Also shown is the percentage change in value since 2014 plus each country’s percentage share of the continent’s total exports.

Rank Exporter 2018 Exports %Total 2014-8
1. South Africa $94,421,532,000 19% +2%
2. Nigeria $52,913,529,000 10.6% -46.7%
3. Angola $42,021,981,000 8.5% -28.4%
4. Algeria $41,617,938,000 8.4% -31.1%
5. Libya $30,679,893,000 6.2% +46.9%
6. Egypt $29,383,962,000 5.91% +9.6%
7. Morocco $29,330,296,000 5.9% +23.2%
8. Ghana $17,099,588,000 3.4% no 2014 data
9. Tunisia $15,993,870,000 3.2% -4.6%
10. Ivory Coast $11,823,035,000 2.4% -8.9%

The top 10 African exporters provided almost three-quarters (73.5%) of all international product sales shipped from Africa during 2018.

  • Twenty-seven export countries in Africa increased the value of their exports from 2014 to 2018 led by: Central African Republic (up 454.2%), Guinea (up 218.7%), Togo (up 215.8%), Sierra Leone (up 143%), Guinea (up 154%), Congo (up 69%) then Comoros (up 66.7%).

    Leading the decliners were: Gambia (down -91.3%), Western Sahara (down -83.9%), Cabo Verde (down -78.9%) – Read more here

Source:  http://www.worldstopexports.com/top-african-export-countries/

By: Daniel Workman

Website: http://www.worldstopexports.com

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