China, Africa Trade Sees Steady Growth In Jan-July
BEIJING, Aug. 23 (UrduPoint / Pakistan Point News - 23rd Aug, 2023 ) :China's trade with Africa reported steady growth in the first seven months of the year, official data showed Wednesday.
Trade between China and Africa rose 7.4 percent year on year to 1.14 trillion Yuan (about 158.36 billion U.S. Dollars) during the January-July period, data from the General Administration of Customs showed.
China has remained Africa's largest trading partner over the past decade, with bilateral trade totaling 1.87 trillion yuan in 2022, up 14.8 percent year on year.
Exports of ships and automobiles surged 81.
3 percent and 26.1 percent from a year ago, respectively, while that of mechanical and electrical products expanded 32.5 percent, contributing 50.1 percent to bilateral trade volume.
Data showed that China-South Africa trade stood at 226.15 billion yuan in the first seven months of 2023, rising 10.5 percent year on year and accounting for 19.9 percent of China's trade with African countries.