10 African Countries With The Most Exports, 2023

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Published Aug 11, 2023

In 2021, Africa's exports reached a total of US$513.5 billion. This sum of money is a 19.6% increase over the $429.3 billion for 2017 and a 30.7% increase over the $392.9 billion for 2020. Focusing on global standards, global exports from all nations were $21.513 trillion in 2021. As a result, in 2021, it is predicted that 2.4% of the global exports will come from Africa. Over the 5-year period beginning in 2017, exports from all nations climbed faster (22.5%) than those from Africa. Overall exports increased by 22.9% over the previous year, but African exports saw a greater increase of 30.7%. The top 5 exporting countries from Africa in 2021 will be South Africa, Nigeria, Egypt, Algeria, and Morocco. That significant group of African shippers produced more than half (55.7%) of the continent's total exports in terms of value. Comparing that percentage to the 52.9% share one year earlier in 2021, there has been an increase in concentration. Given that there are over 1.4 billion people living in Africa, the $513.5 billion in 2021 exports is nearly $365 per African citizen. The dollar amount is higher than the 2020 per-capita average of $275 billion. Africa has one of the largest export industries in the world.
Hello there. In today’s episode, we will examine the top 10 exporting nations and the products that fuel their national economies. Stay with us and discover more about these giant exporters.

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