Intra-Africa trade update 2020
Intra-Africa trade peaked at 21% in 2015 and averaging 18% annually until 2019. In 2020, intra-Africa trade was down to 16% mainly attributed to Covid-19 related supply chain disruptions. Total intra-Africa trade in 2020 was USD 61 billion having declined 5% over the last 5 years.
Mineral products mostly oil is the top traded product by value, albeit only accounting for 10% in terms of intra- Africa trade with 90% leaving the Continent; Intra-Africa trade mostly dominated by manufactured products; Agricultural products account for only 23% of total intra-Africa trade.