#Agricultural #UnitedStates #Africa
Agence Ecofin
21 October 2022 Last update on Friday, October 21, 2022 At 7:00 AM

The prospect of rising food needs linked to demography and economic growth have made Africa a target for the giants of world agriculture. From Russia to China via the USA, efforts to increase trade with the continent are increasing.

In 2023, Africa could absorb agricultural products worth $6.2 billion from the United States. This is what the United States Department of Agriculture (USDA) predicts in its last August report on the agricultural export prospects of the country of Uncle Sam.

This envelope would mark a decline of $300 million compared to the expected result this year, but would remain well above the amount estimated for 2021 ($5.1 billion).

On the continent, North Africa will remain the main sub-regional destination for American agricultural commodities with purchases expected at $3.6 billion. A lower bill compared to what is expected this year due to a decline in orders from Egypt, the largest US customer.

The country of the pharaohs should import 2.7 billion agrifood products against $3 billion expected in 2022 due to weak demand for wheat and dairy products.

These two product categories had shown growth in their respective purchases in value of 171% and 39% in 2021, i.e. the strongest increases behind corn (1,343%). Essentially in 2023, soybeans should remain the leading agricultural product exported to Egypt by value, with nearly 70% of the total value of shipments.

On the side of sub-Saharan Africa (SSA) where American exports are much more fragmented, it is Nigeria which represents the first outlet. The most populous country on the African continent is expected to buy $800 million worth of American products, or 30.7% of the zone’s total, which is expected to stagnate at $2.6 billion in 2023. The main items sent by the USA to the ASS include wheat, poultry, soy or even dairy products.

From a global trade point of view, the USDA indicates that the value of African food exports to the country of Uncle Sam is expected to reach $4.1 billion in 2023, or $200 million more than expected. in 2022.

An improvement to be put on the account of Côte d’Ivoire, which should send $ 1.2 billion in cocoa and cocoa products, a new record for the West African country.

As a reminder, Africa absorbs less than 5% of American exports of agricultural products, which exceed $190 billion per year. Asia is the first outlet for the USA, with China as its main customer.

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