November, 2024

Analysis of African demand for foreign products

What is the demand of African countries for foreign products? The study presents the analysis results for six African countries: Egypt, South Africa, Nigeria, Algeria, Ethiopia, and Morocco.

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Trends and patterns of development of African countries (Egypt, South Africa, Nigeria, Algeria, Ethiopia, Morocco), which were identified according to the results of the research:


  1. Egypt, South Africa, Nigeria, Algeria, Ethiopia and Morocco account for 58% of GDP, 42% of the population and 54% of the African continent's imports

  2. Ethiopia's economy is growing significantly faster than the growth rates of other countries in 2019-2023; Egypt, Algeria and Morocco are developing gradually; South Africa and Nigeria are experiencing a decline

  3. From 2021 to 2023, more than 69% of imports to priority African countries are from South Africa, Egypt and Morocco; machinery and equipment, mineral products, agricultural products are the most in demand goods

  4. About 58% of global exports to Africa account for the top 12 countries, China is the leader among them; exports from Russia increased by 2.6% in 2019-2023%

  5. Russia's trade relations are best developed with Egypt, Morocco and Algeria (more than 88% of exports to priority African countries); agricultural and mineral products form the basis of exports from the Russian Federation

  6. Russian mineral products and agricultural products are the most competitive; of other demanded goods, Russia does not stand up to competition in the export of high-grade products and metals

  7. In the future, in 2028, the GDP and population of African countries are expected to grow rapidly by stimulating investments in science, technology and infrastructure; at the same time, relations with Russia will deepen

Authors
of the study

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Vladimir Samokhvalov

Managing partner

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