The trade deficit Africa recorded in exchanges with the European Union (EU) dropped by 95.2 % between 2015 and 2018, according to data provided by the European Commission.
While Africa suffered a €21 billion deficit in exchanges with the EU in 2015, the figure significantly shrunk to only €1 billion in 2018. This is way below the $14 billion deficit recorded with Russia and the $6 billion deficit with China.
The European Commission said the strong recovery of Africa is driven by the increase of exports. From €133 billion in 2015, African exports to the EU jumped 13.5% to €151 billion last year. Meanwhile, imports from the EU slightly dropped from €154 billion in 2015 to €152 billion in 2018.
Last year, over 65% of goods shipped to the EU from Africa included agricultural, mining, and energy primary goods; while 70% of goods exported from the EU were manufactured goods.
Over the period, Central, Southern, and Western Africa recorded a trade surplus of €2 billion. Northern and Eastern Africa saw a deficit of about €6 billion (in the entire Maghreb region).
Moutiou Adjibi Nourou
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Nigeria, Nestlé sign MoU for dairy training center in Abuja Center to train farmers in breeding, ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
WAF halts trading ahead of Burkina Faso stake increase decree State may raise Kiaka mine stake from 15% to 40% Move aligns with 2024 mining...
Growth driven by private investment and stronger external inflows Primary surplus and tax revenues show marked improvement IMF lowers 2026...
Uganda appoints Citibank to arrange $3.19 billion railway financing Project links Kampala to Kenya border, boosting regional trade...
Cellcom Guinea workers protest layoffs, unpaid salaries, unmet commitments Union demands audit, warns of possible administration or...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...