United States’ trade with Africa – 2016
Africa offers substantial trade and investment opportunities across national and regional markets, and provides significant opportunities for US companies.
SADC, COMESA and ECOWAS are the main destination markets for United States products; the EAC is at the bottom, accounting for less than US$2 billion in trade. The top 10 markets for US products account for almost 83% of total trade; Southern Africa, East Africa and West Africa being the major destinations.
One area that needs attention is the expanding of trade in agricultural goods. Current agriculture exports to the US are less than 3% of total exports under AGOA. Expanding opportunities for sub-Saharan African agriculture exports to the US will promote economic growth and employment creation, which will go a long way in promoting poverty eradication.