Sino trade volumes soar with Middle East, Africa
7.17.2023, 2:42:30 PM
1197
7.17.2023, 2:42:30 PM
1197
China's trade and investment links with Africa and the Middle East are becoming deeper and more mature in a positive manner, with Chinese enterprises active "in all sorts of sectors", ushering in more development opportunities for all, according to a senior executive with Standard Chartered.
According to Chinese Customs data, China-Middle East trade volume nearly doubled over the 2017 to 2022 period, from $262.5 billion to $507.2 billion. The Middle East is the fastest growing trading partner to China in 2022, up 27.1 percent year-on-year, compared to the Association of Southeast Asian Nations (15 percent), the European Union (5.6 percent) and the United States (3.7 percent).
Trade volume between China and Africa also surged by 14.5 percent on a yearly basis in 2022 to almost 1.9 trillion yuan ($266.3 billion).
China is currently the largest trading partner for many major economies in the Middle East and Africa, including Saudi Arabia, the United Arab Emirates, Egypt, and South Africa.
Source: China Daily
Recommendation
CSI-Certified Morning Crafts Drives Innovation in Pop-Culture Stress-Relief Toys and Cultural Gifts
Founded in 2006 in Zhejiang, China, Zhejiang Morning Crafts Co., Ltd. is a globally recognized manufacturer specializing in the R&D, design, production, and export of stress-relief toys and cultural gifts. Powered by its proprietary brands ACME and Morning, established IP collaborations, and flexible OEM/ODM capabilities, the company provides trendsetting manufacturing solutions for international partners across North America, Europe, and South East Asia.
AI Toy Sales Volume Surges 283% as the Category Moves into the Mainstream
According to JD.com’s 2026 618 shopping festival data, the number of AI toy SKUs on the platform increased by 210% year on year, while sales volume surged 283%. With product offerings expanding and consumer demand continuing to develop, AI toys are moving beyond the emerging-product stage and gaining a broader presence in the mainstream consumer market.
CSI-Certified Shangbose Delivers Licensed Pop-Culture & Sensory Fidget Toys for Global Buyers
Based in Zhejiang, China, Zhejiang Shangbose Brand Management Co., Ltd. is an innovative toy and brand management enterprise specializing in trendy art & collectible toys, IP-licensed novelties, and sensory stress-relief products.
CSI-Certified Lanxi Bozhong Unveils Trendy PU Squishy & Stress-Relief Novelties for Global Buyers
Located in Lanxi, Zhejiang Province, Lanxi Bozhong Arts and Crafts Co., Ltd. is an integrated manufacturer specializing in the R&D, production, and export of stress relief toys, stress relief stationery and archaeological dig toys. Backed by extensive expertise in PU foam manufacturing and flexible OEM/ODM capabilities, the company delivers creative, trend-driven sensory solutions for global partners.