Intra-African tradesurged by 12.4 percent to 220.3 billion in 2024, compared with 196.04 billion in 2023, the African Trade Report launched by the African Export-Import Bank Afreximbank has revealed.
According to the report, the rebound which has helped to drive up trade across the continent is sparked improved economic performance in countries such as South Africa, Nigeria, and Congo.
The Afreximbank report noted that South Africa, in particular, maintained its lead as Africas top intra-African trading nation, with 42.14 billion in trade, nearly one-fifth of all intra-African trade in 2024.
The data also shows that Nigeria accounted for 18.43 billion in intra-African trade in 2024, Congo 11.36 billion, Mali 9.31 billion, Egypt 9.01 billion, and Cte dIvoire 8.46 billion.