More and more Chinese are investing, working, and even settling down to explore the 2024 foreign trade market.

South Africa's trade with various countries and the African market's acceptance of Chinese products. It highlights Kenya as a potential investment market and the active presence of Chinese enterprises in Africa. The article also mentions Africa's demand for specific products such as wigs, men's underwear, and tablet computers, emphasizing China's investment and trade opportunities in Africa.

 

 

According to statistics from the South African Revenue Service, from January to September 2019, South Africa's goods import and export volume reached $132.7 billion, of which exports accounted for $66.86 billion and imports $64.41 billion.

Looking at specific countries (regions), from January to September, South Africa's export volumes to Germany, the United States, and the United Kingdom were $5.51 billion, $4.53 billion, and $3.39 billion, respectively. Exports to Germany increased by 11%, while those to the United States and the United Kingdom decreased by 4.2% and 2.8%, respectively. The combined exports to these three countries accounted for 20.1% of South Africa's total exports. In terms of imports, South Africa imported $6.94 billion, $4.34 billion, and $3.21 billion from Germany, the United States, and India, respectively. Imports from the United States and India increased by 5.6% and 11.4%, while imports from Germany decreased by 2.9%. The combined imports from these three countries accounted for 21.8% of South Africa's total imports.

By category of goods, mineral products, precious metals and their manufactures, and transport equipment are South Africa's main export commodities. The export volumes from January to September were $17.3 billion, $10.33 billion, and $9.36 billion, respectively. Exports of mineral products and transport equipment increased by 5.5% and 13.4%, while exports of precious metals and their manufactures decreased by 16%. These three categories together accounted for 55.3% of South Africa's total export volume. Additionally, exports of non-ferrous metal manufactures and machinery and electrical products were $7.48 billion and $5.37 billion, respectively, with decreases of 13.7% and 5.5%, accounting for 11.2% and 8% of South Africa's total export volume. On the import side, machinery and electrical products, mineral products, and chemical products are the top three categories of imported goods for South Africa. From January to September, imports of these commodities were $15.01 billion, $11.05 billion, and $6.98 billion, respectively, with decreases of 1%, 16.2%, and 7.3%, accounting for 22.6%, 16.6%, and 10.5% of South Africa's total import volume. Additionally, imports of transport equipment increased by 2.2%, with a total import value of $6.22 billion, accounting for 9.4% of South Africa's total import volume.

 

 

Many people automatically label Africa as 'backward' when they think of it.

However, this is not the case. For example, Kenya, which I introduced a few days ago, is located at the gateway to East Africa and is one of the most politically stable and economically well-founded countries in sub-Saharan Africa. It is the financial center of East Africa, contributing nearly 40% of the region's GDP. Kenya is also a window to the African market. Its economy is open and free trade, as active as Dubai in the Middle East, hence it is known as 'East Africa's Dubai' and Africa's 'Little Paris', and it is a relatively wealthy country in Africa.

 

 

Kenya is a market full of potential, much like China in the 1980s, with investment opportunities sprouting like mushrooms after rain! For enterprises with capital, Kenya is worth considering for investment.

Africans do not have high demands for product quality; as long as a product is usable, there are no other requirements. Therefore, Chinese enterprises are flocking to Kenya to invest, establish branches, and offices. More and more Chinese people are investing, working, and even settling in Africa.

West Africa's development is closely linked to the United States, while East Africa finds Asian brands more attractive.

Chinese products occupy a large share of the market in African countries such as Guinea and Kenya.

 

1. Africa is the largest consumer market for the global wig industry. Unlike the high-end styled wigs consumed in North America, Europe, and the Chinese market, the wigs used in Africa are more basic and loose.

In 2014, the small West African country of Benin imported wigs and false beards worth $411 million from China, becoming the largest importer of Chinese wigs and false beards in Africa.

Over 3 million kilograms of goods were sent to Benin within a year, with many goods subsequently transshipped to Nigeria.

Nigeria is also a nation concerned about "hair".

 

 

2. South Africa is the largest importer of Chinese men's underwear on the African continent. Last year, South Africa imported a total of about 18.74 million pairs of underwear, of which about 16 million pairs were made in China, accounting for 88% of the total import volume of men's underwear in South Africa.

 

 

3. In 2014, Kenya imported toilet seat covers worth $8.1975 million from China, becoming the largest importer of the product in Africa.

 

 

4. The demand for tablet computers is increasing in the education and professional sectors in Africa. Compared to laptops, tablet computers are much cheaper, so African consumers with lower purchasing power prefer the latter.

 

 

In recent years, Africa has always been China's second-largest overseas engineering contracting market. South Africa is China's largest trading partner and the largest destination for investment in Africa. Currently, there are more than 2,500 Chinese enterprises in Africa, covering various fields such as agriculture, healthcare, telecommunications, energy, processing manufacturing, and catering services.

In summary, there are many opportunities in the African market, and Africans also like Chinese products. Foreign trade enterprises can conduct field investigations, as there are now many Chinese people who have established trade information consulting service companies in Africa. This provides a lot of convenience for many Chinese enterprises to develop in Africa.