France’s loss of market share in Africa benefits several European countries, China and India
28 June 2018
In 2017, Germany overtook France to become Europe’s leading supplier to the African continent. While France’s trade balance has remained in surplus (apart from in 2008 and 2012, when oil prices reached all-time highs), its market share of exports to Africa halved from 11% in 2000, to 5.5% in 2017. This loss concerns all key export sectors, with the exception of aerospace. Nevertheless, according to the recent analysis conducted by Coface, there are 27 African
countries that could represent a potential rise of around 21% in exports.