{"id":37738,"date":"2026-07-16T20:43:00","date_gmt":"2026-07-16T16:43:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=37738"},"modified":"2026-07-17T00:25:51","modified_gmt":"2026-07-16T20:25:51","slug":"china-africa-trade-expected-to-reach-220b-in-first-half-of-2026","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2026\/07\/16\/china-africa-trade-expected-to-reach-220b-in-first-half-of-2026\/","title":{"rendered":"China – Africa Trade Expected to Surpass $220B in First Half of 2026"},"content":{"rendered":"\n
Extrapolating from the data made available by the China General Administration of Customs (GACC), the trade volume between China and Africa is forecasted to reach USD 205 billion for the first half of 2026. This represents a 34% increase compared to 1H25, when the amount traded was USD 164 billion.<\/p>\n\n\n\n
Usually, GACC releases monthly report a couple weeks after the end of that month. However, the June 2026 data is not out yet, and we can only extrapolate. <\/p>\n\n\n
\n<\/figure><\/div>\n\n\n
It is also important to note that the United States Dollar depreciated with respect to the Renminbi from 2025 to 2026. During 1H25, the average exchange rate for one dollar was RMB 7.18, whereas the average exchange rate during 1H26 is down to RMB 6.79. <\/p>\n\n\n\n
China put into effect its zero-tariff policy for most African goods as from the 1st of May 2026. However, it would appear that only a handful of countries have benefited so far from this policy. More specifically, avocadoes from Kenya, coffee from Ethiopia, and citrus from South Africa experienced a surge, albeit from a relatively low base. Generally speaking, the biggest winners seem to be some African agricultural producers.<\/p>\n\n\n
\n<\/figure><\/div>\n\n\n
The growth of exports from China still outpaces the growth in imports to China, causing a widening of the trade surplus enjoyed by China. However, it can be reasonably expected that the zero-tariff policy will fully kick in during the second half of 2026, thereby narrowing the gap ever so much by a little.<\/p>\n\n\n\n
It is usual to normal a better second half of the year as retailer stock up for the festive Christmas period in most markets outside China. Thus, we can project that the annual trade volume will likely reach USD 420 billion for 2026, compared to USD 348 billion in 2025. The African trade is likely to account for 7% of the global trade of China.<\/p>\n","protected":false},"excerpt":{"rendered":"
Extrapolating from the data made available by the China General Administration of Customs (GACC), the trade volume between China and<\/p>\n","protected":false},"author":1,"featured_media":37741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[249],"tags":[],"yoast_head":"\n
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