WillAgri
As we know, the worldwide goods trade has fell by 2.4% in 2019, as a result of a resurgence in protectionism. Service trade growth, meanwhile, has suffered a several setback. Worldwide GDP is expected to be 2.3%, 0.7% less than in 2018. Direct foreign investment fell by 13%, with France ranking third in terms of global investment, behind Japan and China. African international trade was mainly outside the continent. In 2018, African exports totalled $ 487 billion, including 51% to developing countries and 46% to developed countries. Africa’s biggest trading partners are Asia and Europe, headed by China, with $ 54 billion, and India, with $ 37 billion. With regard to food products, 45% of African exports go to developed countries and 26% to the rest of Africa. When it comes to raw agricultural products, 56% go to Asia and Oceania and 32% to developed economies.
Source CommodAfrica