which province has the largest trade with africa?
2024-09-03
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chao news reporter bai zhezhe zhang yuan
the 2024 forum on china-africa cooperation summit will be held in beijing from september 4 to 6.
it is worth mentioning that private enterprises in zhejiang played a vital role in this economic and trade feast.
since the 2018 beijing summit of the forum on china-africa cooperation, zhejiang's trade with africa has developed rapidly, and it has now become the country's largest province in exports to africa and the second largest province in imports from africa.
some highlights of the data, chao news reporters will review for you before the event:
original picture from chao news
in terms of trade with africa, zhejiang has embarked on an "upgrading" path.
first, there is an upgrade in quantity.
according to statistics from hangzhou customs, in the first seven months of this year, zhejiang's total import and export value to africa was 233.24 billion yuan, a year-on-year increase of 6.3%, accounting for 19.6% of the country's trade with africa during the same period, ranking first among all provinces, autonomous regions and municipalities in the country.
since the 2018 beijing summit of the forum on china-africa cooperation, exports of mechanical and electrical products and labor products, and imports of bulk commodities and agricultural products have maintained an average annual double-digit growth.
not only are the numbers growing, but the trade structure is also continuing to improve.
intermediate goods exports with higher profit margins account for half of zhejiang’s exports to africa.
customs statistics show that in the first seven months of this year, zhejiang province exported 91.76 billion yuan of intermediate products to africa, accounting for 50.0% of the total exports to africa, among which plastics and their primary products and auto parts increased by 24.0% and 21.8% respectively.
the growth rate of semi-finished products exported to africa is higher than that of other daily necessities. this is also a microcosm of zhejiang's efforts to help african countries upgrade and develop.
“if you want to get rich, build roads first.” zhejiang’s non-key projects have driven rapid growth in exports of related products.
in the first seven months of this year, zhejiang's contracted exports to africa amounted to 1.39 billion yuan, a 3.7-fold increase. not long ago, zhejiang held the "zhejiang-africa sustainable (green) infrastructure investment and construction matchmaking conference" to further strengthen investment cooperation between zhejiang and african countries in the field of green infrastructure.
at the meeting, representatives from the embassies and consulates and institutions of south africa, nigeria, egypt and morocco in china respectively promoted their projects and introduced in detail their respective countries' development plans and project opportunities in the field of green infrastructure.
"green and sustainable development is becoming a common consensus in the infrastructure industry of african countries. foreign representatives have expressed their willingness to strengthen relevant cooperation with zhejiang companies," said a relevant person in charge of the provincial department of commerce.
in addition to the upgrading of trade cooperation, zhejiang people's african "dining table" is also upgrading -
"with the establishment of the 'green channel' for the export of african agricultural products to china, more and more african specialty agricultural products are also entering the zhejiang market at a faster pace," said an official from hangzhou customs.
data shows that the amount of agricultural products imported from africa by zhejiang increased from 1.43 billion yuan in 2018 to 3.74 billion yuan in 2023, with an average annual growth of 21.3%. in the first seven months of this year, the amount of agricultural products imported from africa by zhejiang increased by 10.6%, among which the amount of dried and fresh fruits and nuts increased by 24.3%.
high-quality joint construction of the belt and road initiative is one of the main topics of this summit. before the summit, foreign ministry spokesman lin jian said that china is willing to work with africa to continuously polish the golden signboard of high-quality joint construction of the belt and road initiative between china and africa and promote china-africa connectivity cooperation to accelerate into the fast lane.
in zhejiang, zhejiang-africa economic and trade "circle of friends" is also continuing to expand.
in the first seven months of this year, zhejiang had trade relations with 61 african countries and regions, with more than 40% achieving double-digit growth. south africa, the democratic republic of the congo and nigeria were the top three trading partners, accounting for 31.7% of the province's total imports and exports to africa; trade with morocco, algeria and the democratic republic of the congo grew faster, at 36.4%, 34.0% and 30.8% respectively.
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