14
Oct
Synopsis
• During the period 1999 to 2012, the value of total trade between India and Africa grew by 18.5% a year. Indian exports to Africa grew by 22.94% a year, while Indian imports from Africa grew by 16.46% a year.
• Between 2011 and 2012, the value of Indian exports to Africa grew 15.7%, from approximately US$ 24 billion in 2011 to US$ 28 billion in 2012.
• In 2012, the value of Indian imports from Africa exceeded the value of Indian exports to Africa by approximately US$ 14 billion. India’s trade deficit with Africa contributed to the country’s overall trade deficit of US$ 193 billion in the same year.
• India’s top 20 imports from Africa in 2012 (at HS4 level) constituted 96.11% of India’s total imports from Africa in that year. The top 5 imports accounted for 85.37% of all imports from Africa. This shows the high concentration of products which India imports from Africa.
• Breaking the products down further into commodity chapter groupings reveals that mineral products alone account for almost 74% of all Indian imports from African Countries. This shows the massive role oil and similar products play in India-Africa trade.
Read the full synopsis and its complementing spreadsheet on tralac’s website: http://www.tralac.org/resources/our-resources/4792-africa-south-africa-trade.html