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India-Africa Trade

Africa, once recognized as the ‘Dark Continent’ has gradually turned up as the 'dark horse' for the global investors as the inherent potential of this continent to shape up as a global trade and investment hub has now been uncovered. The African Continental Free Trade Area Agreement (AfCFTA), the 54-country trade bloc which came into force on 30 May 2019, is set to make Africa the world’s largest free trade zone since the establishment of the WTO in 1994, opening up vast opportunities to global economies to boost trade ties with Africa.

India exported USD 7771.91million worth of engineering goods to Africa during 2019-20 compared to US$ 7964.36 million during 2018-19. India’s total trade with Africa is USD 66680.01 million during 2019-20 compared to US$ 69655.62 million during the same period last year.
 India’s export of Agricultural machinery to Africa valued at US$ 165.4 million during 2019-20 compared to US$ 245.7 million in 2018-19.India’s import of Agricultural machinery from Africa stood at US$ 0.2 million during 2019-20 compared to US$ 0.43 million during 2018-19. Group wise export and import figures are given below:

                                                                                                                                        
India's Trade with Africa in Agricultural Machinery Sector (Value in US$ million)
Agricultural Machinery Group India's Export 2018-19 India's Export 2019-20 India's Import 2018-19 India's Import 2019-20
Agricultural hand tools 1.03 1.58 0 0
Balers, dryers and cleaning machines 7.64 2.5    
Harvesters and threshers 7.06 7.68 0.03 0.02
Machinery for soil preparation or cultivation 20.95 20.72 0 0
Mowers 1.21 0.44 0.02 0.02
Poultry or bee keeping machinery including germination plant fitted equipment 32.59 4.85 0.18 0.12
Sprayers 0.87 0.42 0 0
Tractors and parts 166.27 119.1 0.2 0.01
Trailers 8.08 8.11 0 0.03
Grand Total 245.7 165.4 0.43 0.2
Source: DGCI&S
 
India's Trade with Africa (*All values n USD Million)
Region 2016-2017 2017-2018 2018-2019 2019-2020
India's export to Africa 21,660.11 23,336.37 26,856.85 27,638.27
Growth %   7.74 15.09 2.91
India's Total Export 275,852.43 303,526.16 330,078.09 313,217.25
India's import from Africa 28,411.59 37,401.94 40,583.42 37,224.61
Growth %   31.64 8.51 -8.28
India's Total Import 384,357.03 465,580.99 514,078.42 473,988.29
India's Total Trade with Africa 50,071.70 60,738.31 67,440.27 64,862.88
Source: DGCI&S
 
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