Exports to Africa are Gradually Heating Up

Exports to Africa are Gradually Heating Up

    In recent years, with the fast development of African economy, the growing income of African residents and the increasing investment from China, Africa becomes increasingly important toChinain the foreign trade. According to the statistics of Yiwu customs, from January to May this year, Yiwu’s export toAfricais RMB 18.4 billion, increasing by 57.8% year on year, which shows a strong vitality of Sino-African trades. Export commodities toAfricaare mainly the traditional labor-intensive products, such as the garments, plastic products and shoes.

    At present, the potential of African market is huge and there are plenty of foreign orders from Africa. More and more export enterprises of Yiwu are beginning to exploit the African market and explore new profit growth points.