Highlights
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US imports from Sub-Sahara Africa expand by 41% in 2003.
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US imports from Sub-Sahara Africa rose to 2.0% of total exports in 2003.
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The US trade deficit with Sub-Sahara Africa rose to USD19bn in 2003.
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Energy products accounted for 70% of total US imports from Sub-Sahara Africa in 2003. Countries that benefited from an increase in energy imports include Nigeria, Angola and Gabon.
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Non-energy product imports expanded by 20% in 2003 which was mainly the result of strong growth recorded in cocoa, textiles and iron and steel.
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Vehicle imports grew by 35.5% in 2003 but were below the 60% growth recorded in 2002. However, vehicle imports from South Africa rose by 42.8% in 2003 to USD525.2m.
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US imports are expected to remain strong in 2004 despite the weaker dollar (which is expected to remain weak for some time) on the back of growing domestic demand and confidence.
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- 138Kb ~ 1 min (3 pages)
