Trade in intermediate goods on the rise in Africa

Trade in intermediate goods (IGs) is playing an increasing role in Africa’s economic development. In recent years, IG exports have risen much faster than imports, leading to a significant reduction in the continent’s IG trade deficit. Africa’s IG exports (excluding fuels) in 2022 were estimated at US$ 312 billion compared with US$ 196 billion in 2019.

Trade in intermediate goods on the rise in Africa
Trade in intermediate goods (IGs) is playing an increasing role in Africa’s economic development. In recent years, IG exports have risen much faster than imports, leading to a significant reduction in the continent’s IG trade deficit. Africa’s IG exports (excluding fuels) in 2022 were estimated at US$ 312 billion compared with US$ 196 billion in 2019.