India Africa Trade 2018 – India’s Top Exports to African Countries

21 September 2019
India Africa Trade

India-Africa bilateral trade carries a variety of export opportunities for both the countries. India’s partnership with Africa based on a consultative model of cooperation, participative, non-prescriptive and responsive to the requirements of the African countries, witnessed a rise in bilateral trade of nearly 22% from the last year. India-Africa trade has touched US$ 62.66 billion for 2017-18. India’s exports to Africa amounted to US$ 26 billion in 2018, which saw a drastic decline from the last five years. Through this article, learn India’s exports to African countries statistics on top trading commodities and partners with special focus on India Africa trade 2018.  


India’s Exports to Africa in Last 5 Years


Since 2015, India’s exports to Africa have been on the decline, with slight improvement in 2017, India export data reveals. From 2014, the value of total export commodities from India to Africa declined till 2016. According to the International Monetary Fund or IMF, the value of commodities exported by India to the African countries almost doubles in the past five years. Have a look at chart and table below. 


    


Year

Value in US$ Billion

2014

34

2015

25

2016

22

2017

24

2018

26

 


India’s Major Export Commodities to Africa


India’s main export commodity to Africa is mineral fuel & oil. According to India export statistics, the country supplied mineral fuel & oil worth US$ 4489 million to African countries in 2018. Vehicles, pharmaceutical products, machinery and cereals are other export products of India to Africa.


As per media reports, the Duty Free Tariff Preference (DFTP) Scheme announced by the government for Least Developed Countries (LDCs) has benefited African countries and contributed towards steady rise in the trade figures by extending duty-free access to 98.2% of India’s total tariff lines. So far, 38 African countries are enjoying the benefits of the DFTP Scheme. Here is the list of products exported from India to South Africa and other African nations.



Product

Value in US$ Million

Mineral Fuels and Oils

4489

Vehicles

2948

Pharmaceutical Products

2937

Machinery, Mechanical Appliances, etc.

1949

Cereals

1734

Electrical Machinery and Equipment

1169

Plastics

1119

Cotton

807

Organic Chemicals

771

Articles of Iron and Steel

728

 


10 Largest African Destinations of India Exports


As per export data of India, the value of export to South Africa from India recorded the highest value, followed by Egypt, Nigeria, Kenya and Tanzania. Our market research report shows that India supplied goods worth US$ 4013 million to South Africa in 2018. Below given chart and table shows India’s top 10 African export destinations with special focus on India exports to Kenya and Tanzania.



Country

Value in US$ Million

South Africa

26952

Egypt

4013

Nigeria

2788

Kenya

2740

Tanzania

2125

Mauritius

1872

Algeria

970

Djibouti

945

Mozambique

852

Sudan

804

 


Check Africa Import-Export Data!


As the economy of Africa is growing slowly, India is taking advantage of it and supplying more and more goods to the region. In order to boost bilateral trade relations between both the countries, Indian government launched the “Focus: Africa” programme which boosted the trading market. Initially, the programme included countries like Ethiopia, Kenya & Mauritius but in time it was expanded to many other African countries.


Since Africa is the second largest continent with high population, the demand of goods is always high on the local market. Most of the African economy relies on imports and exports of different commodities to satisfy the needs of large population.


India’s development cooperation ranges from dams & power projects in Rwanda & Sudan to sugar factories in Ethiopia, water treatment plants in Tanzania and IT parks in Swaziland & Mozambique. New Delhi has also built Presidential Palace in Ghana and National Assembly building in the Gambia. Other numerous projects such as railway infrastructure, technology parks, cement plants, transmission lines, power plants, solar electrification and irrigation are also taken place by India in African countries.


If you want to export commodities from India to Africa, a good market research and knowledge of the legal regulations are a must for your import-export business success. Of course, there is a great export opportunities from India to Africa.


To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.     

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