Africa Sourcing and its Importance

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The main aim of global sourcing is to get good quality low cost products.This PDF is made by http://www.dragonsourcing.com/ focussing on the various trade countries of Africa.This country is mainly notable for agricultural resources.

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Importance of Africa Sourcing
By http://www.dragonsourcing.com/

What is Africa Sourcing ?

Africa is mainly known for its minerals and
agricultural products.

Some of the agricultural products are
coffee,cocoa and cotton.

The important minerals of Africa sourcing are
gold,petroleum,diamond.

Africa is still unexplored among all the continents.

Important African Trade Countries
Africa is known for its natural demographic and
economic diversity. It is one of the preferred
sourcing destination due to the availability of
the cheap mineral resources. Also the cost of
the labor is very low. Some of the important
African countries that engage in trade are as
follows :
✔
South Africa .
✔
Kenya .
✔
Tanzania.

South Africa
➢
South Africa is the most important country.
➢
It is the largest producer of gold,petroleum
and chromium.
➢
Diamond is also manufactured here.
➢
The economy of this country has improved
drastically over the last few years.

Kenya
➢
Kenya is located on the eastern side of the
country.
➢
It is mainly an agricultural country.
➢
Some of the agricultural products are
tea,coffee,fish.
➢
Kenya is also an exporter of oil.

Tanzania
✔
Tanzania is located to the south of kenya.
✔
It is also an agricultural country.
✔
Cash crops are the main products of this
country.
✔
Coffee and cashew nuts are other
agricultural crops.
✔
Cotton and gold are also sourced from this
nation.

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Vietnam is a rapidly developing economy largely depending on agriculture (70% of the population). As many as 20 popular retail companies like Tesco and Metro have set up purchase offices in the country. While its textile & garment and footwear industries are growing, they are attracting famous brands, the likes of which are Abercrombie, Decathlon and Adidas, Nike respectively for each industry. Endowed with over 60 types of minerals, it is the 3rd largest mineral producer in South East Asia. Vietnam is suitable for the seafood industry andis the 4th biggest seafood from aquaculture producer in the world. It is the 2nd largest producer and exporter of coffee, besides the largest cashew exporter for the 9th year in a row in 2018. Get in touch with a Vietnam sourcing agency after you read this report and are interested to procure from the country.

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The economy of Brazil is developing and it is the world’s 9th largest free-market economy in terms of the GDP. In 2018, their oil seeds industry achieved an export value of 33.5 billion USD, with the top destinations being the Netherlands, China, Thailand, Spain and Taipei. Following this mark is the country’s mineral fuels sector with its natural gas and crude oil reaching a value of $29.6 billion. The mining industry also backs them up with its iron ore business, which climbed up to $23.6 billion by mostly exporting in Japan, China, Korea, Germany, and the Netherlands. Although not close to its top mark, Brazil also relies on its industrial machinery and steel and iron products. Check the complete report for insights into the region’s sourcing opportunities that are displayed using stats and graphical representations.

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Africa Sourcing and its Importance

1. Importance of Africa Sourcing By http://www.dragonsourcing.com/

2. What is Africa Sourcing ?  Africa is mainly known for its minerals and agricultural products.  Some of the agricultural products are coffee,cocoa and cotton.  The important minerals of Africa sourcing are gold,petroleum,diamond.  Africa is still unexplored among all the continents.

3. Important African Trade Countries Africa is known for its natural demographic and economic diversity. It is one of the preferred sourcing destination due to the availability of the cheap mineral resources. Also the cost of the labor is very low. Some of the important African countries that engage in trade are as follows : ✔ South Africa . ✔ Kenya . ✔ Tanzania.

4. South Africa ➢ South Africa is the most important country. ➢ It is the largest producer of gold,petroleum and chromium. ➢ Diamond is also manufactured here. ➢ The economy of this country has improved drastically over the last few years.

5. Kenya ➢ Kenya is located on the eastern side of the country. ➢ It is mainly an agricultural country. ➢ Some of the agricultural products are tea,coffee,fish. ➢ Kenya is also an exporter of oil.

6. Tanzania ✔ Tanzania is located to the south of kenya. ✔ It is also an agricultural country. ✔ Cash crops are the main products of this country. ✔ Coffee and cashew nuts are other agricultural crops. ✔ Cotton and gold are also sourced from this nation.

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Africa Sourcing and its Importance

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