India vs china trade

INTRODUCTIONINDIA AND CHINA IN AFRICA

MACRO ECONOMIC INDICATORS

TRADE OF INDIA AND AFRICA•Last few years have seen tremendous growth in trade along with increasing economic cooperation between the two economies by different bilateral and regional routes

•Potential exports to these regions include machinery and transport equipment, manufactured products, pharmaceuticals, etc

•Many African nations are a source of import of petroleum, metallurgical goods, raw cotton, fruit, etc.

TRADE OF CHINA AND AFRICA•Trade between China and Africa increased by 700% during the 1990s, and China is currently Africa's largest trading partner

•China’s export to African countries extends to various commodities such as transportation, textiles, machines and machinery goods, plastic and rubber, and chemicals, according to a report by IMF and Africa research institute

•China’s import with Africa is again largely driven by some selective countries such as South Africa, Angola, Libya, Congo, Guinea that collectively account for more than 75% of the total imports from the region.

• The selectivity is also in terms of the type of products mainly oil. Until 2008, mineral oils, and related materials accounted for more than 45% of the total imports of China from Africa.

South Africa Nigeria

Kenya Tanzania1 2 3 4 5 6 7 8 9 10 11 12 13

0

2000000

4000000

6000000

8000000

10000000

12000000

14000000

16000000

18000000

YearIndiaChina

1 2 3 4 5 6 7 8 9 10 11 12 130

500000

1000000

1500000

2000000

2500000

3000000

3500000

4000000

4500000

YearIndiaChina

1 2 3 4 5 6 7 8 9 10 11 12 130

2000000

4000000

6000000

8000000

10000000

12000000

14000000

YearIndiaChina

1 2 3 4 5 6 7 8 9 10 11 12 130

500000

1000000

1500000

2000000

2500000

3000000

3500000

4000000

YearIndiaChina

EXPORTS TREND

South Africa Nigeria

Libya Congo1 2 3 4 5 6 7 8 9 10 11 12 13

0

10000000

20000000

30000000

40000000

50000000

60000000

YearIndiaChina

1 2 3 4 5 6 7 8 9 10 11 12 130

2000000

4000000

6000000

8000000

10000000

12000000

14000000

16000000

YearIndiaChina

1 2 3 4 5 6 7 8 9 10 11 12 130

1000000

2000000

3000000

4000000

5000000

6000000

7000000

YearIndiaChina

1 2 3 4 5 6 7 8 9 10 11 12 130

1000000

2000000

3000000

4000000

5000000

6000000

YearIndiaChina

IMPORTS TREND

A COMPARITIVE STUDYImports (2013) by value (in US$ billions) and major commodities imported from the below African countries

Imports Continued..

Exports (2013) by value (in US$ billions) and major commodities exported from the below African countries

Exports Continued..

INDIAN AND CHINESE COMPANIES IN AFRICA

MAJOR ECONOMIES IN AFRICA

CONCLUSION

•This study was an attempt to understand the emergence of Africa as a new focal point in world trade and how does the two major economies of Asia- India and China have recently seen it as a major trade partner.

•By this study we can conclude both India and China see Africa as a major strategic partner in trade.

•Exports, imports and overall economic relations with the African countries is supposed to be a new playground for the two Asian giants to level the scores.