Intra-Africa trade creates opportunities for SA exporters

SA’s largest intra-African trade partners include Angola, Nigeria and Kenya, which make up nearly 50% of export volumes, according to Matthew Conroy, trade manager of Maersk Line Southern Africa.

“These regions,” he said, “present a compelling opportunity for local businesses to explore, and provide an alternative to the traditional European and Asia export markets.”

He added that, since 2012, the intra-Africa trade has grown steadily by about 10% per year, and the increase of SA exports to African countries can be attributed to the rapid economic growth experienced across the continent, along with growing population and accelerating rate of urbanisation.

“The major commodities exported from SA to these African countries include foodstuff (20%), chemicals (12%), construction material (14%) and fruit (8%). And the increasing demand for these products can offer local producers new markets and customers. Trading with new markets in Africa will also stimulate the economy by promoting sustainable growth across borders.”