Nigeria imported US$53 billion worth of goods from around the globe in 2020, up by 47.3% since 2016 and up by 11.8% from 2019 to 2020. Based on the average exchange rate for 2020, the Nigerian naira depreciated by -41.5% against the US dollar since 2016 and declined by -16.9% from 2019 to 2020. Nigeria's weaker local currency makes its exports paid for in stronger US dollars … [Read more...] about Nigeria’s Top Trading Partners
Africa
Top South African Trading Partners
Formerly called Zuid-Afrika, South Africa continues to cope with international trade challenges related to its geographic distances from South African trading partners like China, Germany and the United States. Overall, South Africa shipped US$86.1 billion worth of goods around the globe in 2020. That dollar amount reflects a 12.4% gain since 2016 but a -4.8% decline from 2019 … [Read more...] about Top South African Trading Partners
Zambia’s Top Trading Partners
Zambia exported US$6.9 billion worth of goods around the globe in 2019, down -0.4% since 2015 and down -23.2% from 2018 to 2019.. Applying a continental lens, 43.9% of Zambia's exports by value were delivered to European countries while 32.9% were sold to importers in Asia. Zambia shipped another 23.1% worth of goods to fellow African nations. Tinier percentages went to North … [Read more...] about Zambia’s Top Trading Partners
Madagascar’s Top Trading Partners
Officially named the Republic of Madagascar, this island country in the Indian Ocean is located off Africa’s south-east coast. Madagascar shipped US$2.6 billion worth of goods around the globe in 2019. That dollar amount reflects a 18.4% gain since 2015 but a -14.5% downturn from 2018 to 2019. Applying a continental lens, 39.1% of Malagasy exports by value were delivered to … [Read more...] about Madagascar’s Top Trading Partners
Ethiopia’s Top Trading Partners
Located in the Horn of Africa on the Dark Continent’s northeastern coast, the Federal Democratic Republic of Ethiopia shipped US$2.9 billion worth of products around the globe in 2017. That dollar figure represents a miniscule 0.02% of overall global exports estimated at $15.952 trillion one year earlier during 2016. From a continental perspective, $1.2 billion or 42.7% of … [Read more...] about Ethiopia’s Top Trading Partners
