In 2019, the deficit in the trade balance of merchandise in Africa deteriorated to roughly 109.6 billion U.S. dollars, meaning that the import of goods in the continent surpasses merchandise exports. In the previous year, the balance of trade in Africa was at minus 93 billion U.S. dollars.
Trade balance of merchandise in Africa from 2005 to 2019
(in million U.S. dollars)
According to the source, services are understood as the result of a production activity that changes the conditions of the consuming units, or facilitates the exchange of products or financial assets.
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UNCTAD. (September 23, 2020). Trade balance of merchandise in Africa from 2005 to 2019 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1181807/trade-balance-of-merchandise-in-africa/
UNCTAD. "Trade balance of merchandise in Africa from 2005 to 2019 (in million U.S. dollars)." Chart. September 23, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1181807/trade-balance-of-merchandise-in-africa/
UNCTAD. (2020). Trade balance of merchandise in Africa from 2005 to 2019 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1181807/trade-balance-of-merchandise-in-africa/
UNCTAD. "Trade Balance of Merchandise in Africa from 2005 to 2019 (in Million U.S. Dollars)." Statista, Statista Inc., 23 Sep 2020, https://www.statista.com/statistics/1181807/trade-balance-of-merchandise-in-africa/
UNCTAD, Trade balance of merchandise in Africa from 2005 to 2019 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1181807/trade-balance-of-merchandise-in-africa/ (last visited November 21, 2024)
Trade balance of merchandise in Africa from 2005 to 2019 (in million U.S. dollars) [Graph], UNCTAD, September 23, 2020. [Online]. Available: https://www.statista.com/statistics/1181807/trade-balance-of-merchandise-in-africa/
