Top 5 African countries that made the least money from other African countries
Top 5 African countries that made the least money from other African countries: Intra-African trade is not only a major economic force, but is also important for the expansion and stability of the African continent. Trade between African countries contributes to political stability, peace and security. Intra-African trade has the potential to significantly reduce economic inequalities with other African countries and increase interdependence within the continent. Top African countries that made the least money from other African countries
Intra-African trade continues to foster cooperation among African countries, leading to the creation of shared infrastructure, uniformity of laws and removal of trade barriers.
Growth within the continent depends to some extent on this form of trade, which has contributed greatly to continental integration so far. This is where initiatives such as the African Continental Free Trade Area (AfCFTA) come into play. Top African countries that made the least money from other African countries
According to Afreximbank’s Africa Trade Report 2024: Climate Impacts of AfCFTA Implementation, intra-African trade is expected to reach $192.2 billion in 2023, up 3.2% from the impressive growth of 10.9% in 2022.
Despite the global economic slowdown and the significant challenges facing several African countries, intra-African trade has shown remarkable resilience. Top African countries that made the least money from other African countries
The report also highlights that Africa’s share of intra-continental trade has increased from 13.6% in 2022 to 14.9% in 2023. This positive trend is a testament to the collective efforts of African countries to boost trade within the continent, especially through the continued implementation of AfCFTA. Despite the overall growth rate, some countries on the continent trade less with other countries and, as a result, have gained less from intra-African trade than other African countries.
With that said, below are the 5 African countries with the lowest intra-African export revenue.
Top 5 African countries with the lowest exports to other African countries
| Rank | Country | Intra African exports (in US$ billion) | Growth rate (%) | Country share of total intra-African exports (%) |
|---|---|---|---|---|
| 1. | Cabo Verde | 0.00 | -58.53 | 0.00 |
| 2. | South Sudan | 0.00 | 157.06 | 0.00 |
| 3. | CAR | 0.01 | -12.23 | 0.01 |
| 4. | Chad | 0.01 | 28.94 | 0.01 |
| 5. | Comoros | 0.01 | -1.31 | 0.01 |
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