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India vs china trade
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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.