Two-way China Africa trade surged last year to a new record high of $254.5 billion, an impressive $67 billion increase from the previous year, 2020 that had a total volume of $187 billion.
This was released by China’s Administration for Customs last week.
Last year’s supply chains and other economic disruptions brought by the Covid-19 pandemic didn’t bring any noticeable and measurable impacts on the trade volume and flow of the two worlds, as the authorities disclosed.
The figure was also tweeted by the Director-General of the African Department of the Chinese Ministry of Foreign Affairs, Mr. Wu Peng on his official handle.
The trade had 35.3% growth year on year.
Also, China’s imports rose 43.7%, which is 13.8% higher than exports, which also rose by 29.9%.