2. 1. The Young Continent
2. Import
3. Export
4. South Africa
5. Future Outlook
Outline
3. 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
4. Africa’s economic pulse has quickened
GDP rose by 4.9 % a year from 2000 through 2008
The Young Continent
5. 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
6. 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
7. Import
main partner of imports America
some Asian countries became top trading partners
8. 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
9. 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
10. Europe is Africa’s largest trading partner
Export
12. 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
13. 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
14. important trading relations with Italy, the
United States & China
South Africa
15. 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
16. last 20 years enormous increase of values of
imports & exports
South Africa
17. world's third largest coal exporter & second
largest producer of gold
recently admitted to the economic coalition BRICS
sophisticated banking sector
South Africa
18. 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
20. 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
