Public Management

Africa recorded US$4.2 bln surplus in trades with Japan in 2021

Monday, 22 August 2022 19:35
Africa recorded  US$4.2 bln surplus in trades with Japan in 2021

(Ecofin Agency) - Trade between Japan and African countries rose by 74% year-on-year in 2021. The feat was achieved thanks notably to border re-openings after Covid-19. With the eighth Tokyo International Conference on African Development just days away, Japan and Africa seek ways to build on this momentum.

In 2021, Africa recorded a US$4.2 billion trade surplus in its dealings with Japan. This is the conclusion from the foreign trade statistics published by the Japan External Trade Organization (JETRO).

According to the statistics seen by Ecofin Agency, trades between Japan and Africa reached US$23.5 billion, up by 74% compared with the US$16.5 billion recorded in 2020, at the height of the Covid-19 pandemic. Africa’s exports from Japan reached US$13.9 billion while its imports were estimated at US$9.6 billion.  

Although Japan’s trades with Africa have grown tremendously during the period under review, it is still moderate compared with African countries’ trades with countries like China (US$137 billion in H1-2022). To improve its relations with Africa, in the past few years, Japan has taken several initiatives to gain more shares from China, which is currently Africa’s leading trade partner. From August 27 to 28, it will organize the eighth Tokyo International Conference on African Development (TICAD-8), which will bring together African business leaders and decision-makers in Tunisia.

One of the main topics will be the implementation of the African Continental Free Trade Area (AfCFTA), considered not only as a major integration tool for Africa but also as a real investment opportunity for foreign countries.

At a time when foreign partners, including Russia, the USA, and the UK, have renewed actions to conquer market shares in Africa, the Japan International Cooperation Agency (JICA) has announced talks with the AfCFTA secretariat to maximize the benefits of this trade agreement.

Let’s note that according to the statistics published by the JETRO, South Africa has been Japan’s main trade partner in 2021. The Rainbow Nation exported US$10 billion worth of goods to Japan and imported US$2.3 billion, recording a US$7.7 billion trade surplus. 

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.