Emerging Africa

1. The Young Continent

2. Import

3. Export

4. South Africa

5. Future Outlook

Outline

The Young Continent

world's second largest & second most populous

continent

20 % of total land area

1.0 billion people

youngest continent in terms of its population

50 % of Africans 19 years old or younger

Africa’s economic pulse has quickened

GDP rose by 4.9 % a year from 2000 through 2008

The Young Continent

telecommunications, banking & retailing are

flourishing

construction is booming, private-investment

inflows are surging

collective GDP at $1.6 trillion in 2008

continent among the world’s most rapidly

growing economic regions

The Young Continent

about 70% of Africa’s imports from the world

composed of high value manufactured goods

top 5 imported products:

machinery & equipment

chemicals

petroleum products

scientific instrument

foodstuffs

Import

Import

main partner of imports America

some Asian countries became top trading partners

imports of grains have been spread & increased

twice as much as in 20 years from 1991-2011

main grains are wheat, corn & rice

Import

17.3% of world grain imports is occupied by Africa

Export

one of the main driving forces of growth is

trade risen in terms of value since 2005

top 5 exported products:

palm oil

gold & diamonds

oil fuel

cocoa & timber

precious metals

Europe is Africa’s largest trading partner

Export

China’s share of trade exploded in the last

decade

Export

exports to earn hard currency for imported capital

goods & to finance investments required to diversify

used to reduce budget deficits, fund investments &

build foreign-exchange reserves

Africa’s oil & gas exporters have the continent’s

highest GDP per capita

Algeria, Angola, Chad, Congo, Equatorial

Guinea, Gabon, Libya & Nigeria

Export

South Africa

movement towards an internationally competitive

economy

admission to WTO in 1995

in 2000 international trade

16 % of GDP

Europe is biggest source of trade

important trading relations with Italy, the

United States & China

South Africa

more than 1/3 of the value of the country’s

imports from machinery & transportation

equipment

main exports from mining & agricultural products

most valuable exports: corn, diamonds, fruits,

gold, metals & minerals, sugar & wool

South Africa

last 20 years enormous increase of values of

imports & exports

South Africa

world's third largest coal exporter & second

largest producer of gold

recently admitted to the economic coalition

BRICS

sophisticated banking sector

South Africa

Future Outlook

African countries become more politically stable

average growth rate of 5.5 % of GDP expected

to continue

reforms have been directed towards improving

competitiveness & investing in measures

investment in infrastructure is being stepped up

Future Outlook

future focus on 3 aspects in terms of

international trade:

1. Address supply-side constraints

2. Invest more effort in specific measures to

facilitate trade

3. Deepen regional integration

Future Outlook