According to the e statistics of China Customs, the trade volume between China and Africa was $133.62 billion from January to September, a year-on-year decrease of 13.3%. China’s exports to Africa were $79.70 billion, down 2.9% year-on-year, and imports from Africa were $53.91 billion, down 25.3% year-on-year.
The trade volume between China and the 15 countries of the ECOWAS was $34.55 billion, a year-on-year decrease of 0.3%. China’s exports to ECOWAS were $27.61 billion, an increase of 1.2%; imports from ECOWAS were 6.94 billion U.S. dollars, at a decrease of 5.8%.
The bilateral trade volume between China and Nigeria was $13.66 billion, an increase of 0.7%. Among them, China’s exports to Nigeria were $11.58 billion, decreased by 2.4%; imports from Nigeria were $2.09 billion, a year-on-year increase of 22.7%.
to China, Nigeria has remained the biggest importer and 2nd largest trading partner in Africa. our bilateral trade volume is more than tenth of China’s trade with the whole continent.
In 2019, the bilateral trade volume between China and Nigeria reached US$19.27 billion, an increase of 26.3% over the previous year, ranking first among China’s top 40 trading partners in terms of growth rate, among which Nigeria’s exports to China increased by 43.1%.
it seems like China has imported a lot of crude oil from nigeria this year, when evryone else is turning down oil.
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