China catches up with EU’s exports to Africa, but imports far less
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The European Union has a historically strong economic relationship with Africa, but its dominant position has gradually been challenged by the rise of China, especially as a key exporter to Africa. In 1995, China's exports to Africa were only $1.8 billion, significantly lower than the EU's exports of $45 billion. However, after nearly thirty years’ increase its manufacturing capacity, China's exports to Africa reached $164 billion in 2022, only 12% lower than the EU's $187 billion (Chart 1).
China catches up with EU’s exports to Africa, but imports far less
China catches up with EU’s exports to Africa…
China catches up with EU’s exports to Africa, but imports far less
The European Union has a historically strong economic relationship with Africa, but its dominant position has gradually been challenged by the rise of China, especially as a key exporter to Africa. In 1995, China's exports to Africa were only $1.8 billion, significantly lower than the EU's exports of $45 billion. However, after nearly thirty years’ increase its manufacturing capacity, China's exports to Africa reached $164 billion in 2022, only 12% lower than the EU's $187 billion (Chart 1).