Interviews
China gradually more shops in Africa & Latin America
14 Jun '06
2 min read
Deutsche Bank Research (DB) announces that Asia is still accounts for two-thirds of China's total imports, the shares of Africa and Latin America have risen rapidly in recent years and the two regions provide 3 percent and 4 percent, respectively, of Chinese imports.
Chinese trade with Africa has surged since the late 1990s, with strong growth in both Chinese imports from and exports to Africa. With a total trade value of USD 42 bn in 2005, China has become Africa's third largest trading partner after the United States and France.
China's traditional trade surplus with Africa turned into a deficit in 20058, reflecting rapidly growing imports from Africa (+50 percent yoy on average since 2002).
Chinese exports to Africa mainly consist of manufactured products such as low-tech durable consumer goods (household appliances, TVs, clothing).
Breaking down Chinese trade with Africa into countries and products, it turns out that China focuses on a small number of countries and a narrow range of products.
China's top 5 trading partners – Angola, South Africa, Sudan, Equatorial Guinea, and the Republic of Congo – account for more than 80 percent of all Chinese imports from Africa.
The lion's share of Chinese imports from Africa is made up of oil and metals. One notable exception is cotton: various countries from the Gulf of Guinea are producers of cotton and important trading partners for China.
Similar to Africa, Chinese trade with Latin America has also risen sharply in recent years and reached USD 50 bn in 2005.
Chinese imports from Latin America have risen by about 50 percent on average since 2000. Main import commodities are iron ore, base metals and agricultural commodities, particularly soy beans.
Click here to view news from Deutsche Bank Research.
Chinese trade with Africa has surged since the late 1990s, with strong growth in both Chinese imports from and exports to Africa. With a total trade value of USD 42 bn in 2005, China has become Africa's third largest trading partner after the United States and France.
China's traditional trade surplus with Africa turned into a deficit in 20058, reflecting rapidly growing imports from Africa (+50 percent yoy on average since 2002).
Chinese exports to Africa mainly consist of manufactured products such as low-tech durable consumer goods (household appliances, TVs, clothing).
Breaking down Chinese trade with Africa into countries and products, it turns out that China focuses on a small number of countries and a narrow range of products.
China's top 5 trading partners – Angola, South Africa, Sudan, Equatorial Guinea, and the Republic of Congo – account for more than 80 percent of all Chinese imports from Africa.
The lion's share of Chinese imports from Africa is made up of oil and metals. One notable exception is cotton: various countries from the Gulf of Guinea are producers of cotton and important trading partners for China.
Similar to Africa, Chinese trade with Latin America has also risen sharply in recent years and reached USD 50 bn in 2005.
Chinese imports from Latin America have risen by about 50 percent on average since 2000. Main import commodities are iron ore, base metals and agricultural commodities, particularly soy beans.
Click here to view news from Deutsche Bank Research.
Deutsche Bank Research
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