The African Continental Free Trade Area (AfCFTA) is expected to cause increases in import trade in Africa by 2035. For instance, compared to 2020, imports from the manufacturing sector are forecast to increase by 137 percent under AfCFTA initiatives, while agriculture might experience a growth of 72 percent. In May 2019, the AfCFTA agreement officially entered into force after 22 African countries had ratified it. The agreement sought to boost inter-regional trade.
Growth of import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
World Bank. (July 27, 2020). Growth of import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank. "Growth of import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector ." Chart. July 27, 2020. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank. (2020). Growth of import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector . Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank. "Growth of Import Trade in Africa Due to Intra-african Continental Free Trade Area (Afcfta) Implementations in 2035 Compared to 2020, by Sector ." Statista, Statista Inc., 27 Jul 2020, https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
World Bank, Growth of import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector Statista, https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/ (last visited November 18, 2024)
Growth of import trade in Africa due to intra-African Continental Free Trade Area (AfCFTA) implementations in 2035 compared to 2020, by sector [Graph], World Bank, July 27, 2020. [Online]. Available: https://www.statista.com/statistics/1332389/impact-of-afcfta-on-import-trade-in-africa-by-sector/
