The continent having its borders with the Mediterranean Ocean and Atlantic Ocean is growing as a top exporter because of some of the top attributing factors like abundance of natural resources, growing export market of the indigenous countries, divergent economy, increasing global investments in exports, improve transportation ports infrastructure, vast regional integration and many others. The exports predominantly reliant on the variations of mining goods, agricultural goods, and industrial commodities have boosted the GDP of the entire continent in the past few years.

The export landscape of the continent is mainly driven by the natural resources and increasing global integration, the abundance of essential mineral fuels within its land area promotes trade growth like Angola, South Africa, and Nigeria are related to energy exports whereas Ghana and Cote D Ivoire are related to agricultural exports like coffee and cocoa. The GDP of the country has recorded a growth rate of 3.4% in its GDP from the past few years with a representative value of 2.9 trillion US dollars and an export trade value of 1.6 trillion US dollars in 2023.

Top 10 Exports of Africa in 2023

According to the Africa Export Data, the top exported products of the continent in 2023 are discussed below,

• Crude Oil - Export trade value of Crude Oil from South Africa in 2023 – 80 billion US dollars.

• Gold - Export trade value of Gold from South Africa in 2023 - 76 billion US dollars.

• Diamonds - Export trade value of Diamonds from South Africa in 2023 - 65 billion US dollars.

• Cocoa Beans - Export trade value of Cocoa Beans from South Africa in 2023 - 54 billion US dollars.

• Iron Ore - Export trade value of Iron Ore from South Africa in 2023 – 50 billion US dollars.

• Rough Wood - Export trade value of Rough Wood from South Africa in 2023 – 48 billion US dollars.

• Copper - Export trade value of Copper from South Africa in 2023 – 43 billion US dollars.

• Petroleum Gas - Export trade value of Petroleum Gas from South Africa in 2023 – 42 billion US dollars.

• Coffee - Export trade value of Coffee from South Africa in 2023 – 38 billion US dollars.

• Fresh Fruits - Export trade value of Fresh Fruits from South Africa in 2023 – 26 billion US dollars.

Top Exporters of Africa

The export trade rate of the continent which is the significant factor behind the overall growth rate of the continent’s economy is maintained by the top-producing industries of the African residential nations. According to the Africa Trade Data, the top exporters of the continent in 2023 with its global export values are discussed below,

• South Africa – As per the South Africa Export Data, Global Export trade costs of South African exports in 2023 – 120 billion US dollars.

Top Exports of South Africa

1. Minerals and Metals
2. Automotive Products
3. Agricultural Products
4. Chemicals
5. Machinery and Equipment

• Nigeria – As per the Nigeria Export Data, Global Export trade costs of Nigerian exports in 2023 – 113 billion US dollars.

Top Exports of Nigeria

1. Crude Oil
2. Natural Gas
3. Agricultural Product
4. Solid Minerals
5. Processed Foods

• Egypt – As per the Egypt Export Data, Global Export trade costs of Egypt exports in 2023 – 95 billion US dollars.

Top Exports of Egypt

1. Petroleum and Petroleum Products
2. Natural Gas
3. Agricultural Products
4. Textiles
5. Fertilizers

• Algeria – As per the Algeria Export Data, Global Export trade costs of Algerian exports in 2023 – 82 billion US dollars.

Top Exports of Algeria

1. Crude Oil
2. Natural Gas
3. Petrochemical Products
4. Agricultural Products
5. Minerals

• Morocco – As per the Morocco Export Data, Global Export trade costs of Morocco exports in 2023 – 74 billion US dollars.

Top Exports of Morocco

1. Textiles
2. Automotive Parts
3. Agricultural Products
4. Electronics
5. Phosphate Derivatives

• Angola – As per the Angola Export Data, Global Export trade costs of Angolan exports in 2023 – 68 billion US dollars.

Top Exports of Angola

1. Crude Oil
2. Diamonds
3. Natural Gas
4. Agricultural Products
5. Minerals

• Libya – As per the Libya Export Data, Global Export trade costs of Libya exports in 2023 – 56 billion US dollars.

Top Exports of Libya

1. Crude Oil
2. Packed Medicaments
3. Agricultural Products
4. Natural Gas
5. Petrochemical Products

• Tunisia – As per the Tunisia Export Data, Global Export trade costs of Tunisia exports in 2023 – 45 billion US dollars.

Top Exports of Tunisia

1. Tourism Services
2. Chemical Products
3. Textiles
4. Furniture’s
5. Food products

• Sudan – As per the Sudan Export Data, Global Export trade costs of Sudan exports in 2023 – 31 billion US dollars.

Top Exports of Sudan

1. Staple Food products
2. Gold
3. Cotton
4. Petroleum Products
5. Agricultural Products

• Ghana – As per the Ghana Export Data, Global Export trade costs of Ghana exports in 2023 – 18 billion US dollars.

Top Exports of Ghana

1. Gold
2. Ghanaian Cashew Nuts
3. Wood Products
4. Oil
5. Cocoa beans

GROWTH RATE OF AFRICAN EXPORTS FOR THE LAST 10 YEARS

• Export Trade Value of Africa in 2013 – 575 billion US dollars

• Export Trade Value of Africa in 2014 – 620 billion US dollars

• Export Trade Value of Africa in 2015 – 785 billion US dollars

• Export Trade Value of Africa in 2016 – 850 billion US dollars

• Export Trade Value of Africa in 2017 – 790 billion US dollars

• Export Trade Value of Africa in 2018 – 825 billion US dollars

• Export Trade Value of Africa in 2019 – 900 billion US dollars

• Export Trade Value of Africa in 2020 – 980 billion US dollars

• Export Trade Value of Africa in 2021 – 992 billion US dollars

• Export Trade Value of Africa in 2022 – 1,500 billion US dollars (1 trillion US dollars)

FAQ’s

Que. What is the total GDP of Africa in 2023?
Ans. The total GDP of Africa in 2023 is 2.9 trillion US dollars.

Que. Who is the top exporter of Africa in 2023?
Ans. South Africa is the top exporter of Africa in 2023.

Que. Where can you get the detailed trade analysis of Africa Export in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of African exports in 2023.

www.importglobals.com ; info@importglobals.com