Analysis of African demand for foreign products

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