2024 China-Africa Trade Volume Reached $295.6 Billion !

China-Africa economic and trade cooperation has continuously made new progress. In 2024, the trade volume between China and Africa reached 295.6 billion US dollars, increasing by 4.8% year-on-year, setting a new historical high for the fourth consecutive year.

China has remained Africa’s largest trading partner for 16 consecutive years. Among them, with trade between China and South Africa playing an important role.

In addition to fields such as machinery, textiles, metals and their products, cooperation between China and South Africa in emerging fields has continued to deepen, including digital economy, 5G technology, new energy, etc.