China-Africa Trade May Reach $200 Billion in 2012

From The Official Blog of Amb. David H. Shinn Sat Dec 15 2012, 22:51:00

Standard Bank of South Africa announced on 3 December 2012 that total China-Africa trade may reach $200 billion in 2012, up from $166 billion in 2011. China now accounts for 20 percent of Africa's trade and Africa is China's fastest-growing export destination.

China also increased imports from Africa in 2012; most of the increase was oil from Angola. China's imports of African iron ore were flat while imports of copper, steel and aluminum fell sharply.

Click here to read the brief analysis by Standard Bank.

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