1.41 Trillion Yuan Bilateral Trade Between China and Africa in First Half of 2023

TLDR

• The Tanzanian government is finalizing a two-year trade strategy to boost exports to China before a zero tariff policy expires in April 2028.
• Total bilateral trade between China and Africa reached a record 1.41 trillion yuan (197 billion US dollars) in the first half of 2023.
• Chinese imports from Africa surged by 21.1 percent year-on-year in May and 40.2 percent in June 2023, exceeding China's overall import growth.
• Tanzanian businesses are improving production, processing, quality, and packaging to meet the requirements of the Chinese market.
• Key products identified for export opportunities include cashew nuts, sesame, sunflower seeds, avocados, coffee, tea, dried cassava, and fresh chillies.