Exports of goods and services represent the value of all goods and other market services provided to the rest of the world.
If a country exports more than it imports (known as a trade surplus), there is a high demand for its goods, and thus, for its currency. The economics of supply and demand dictate that when demand is high, prices rise and the currency appreciates in value.
Below is a list of Africa’s Largest Exports by Countries:
1. South Africa – $135.7 billion
2. Egypt – $71.927 billion
3. Algeria – $60.792 billion
4. Morocco – $58.4 billion
5. Nigeria – $46.93 billion
6. Angola – $29.843 billion
7. DR Congo – $27.884 billion
8. Tunisia – $22.487 billion
9. Ghana – $20.049 billion
10. Cote d’Ivoire – $17.395 billion
The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.
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