The African Import-Export Bank (Afreximbank) 2023 edition of the African Trade Report (ATR2023) was launched on June 21, 2023, at the Bank's annual meeting and 30th anniversary celebrations, in Accra, Ghana. According to this document, Africa has shown resilience and growth in a synchronized global context

Placed under the theme: “Export production and regional value chains in Africa in the context of a new world order”, the ATR2023 was launched by the African Union Commissioner for Economic Development, Trade, Industry and Mines, Ambassador Albert Muchanga, and the Chairman of the Board of administration of Afreximbank, Prof. Benedict Oramah. A deceleration under the confluence of overlapping crises, including the lingering effects of the COVID-19 pandemic, record inflation, worsening geopolitical tensions, and intensifying

The African Trade Report (ATR), 2023 edition of the African Import-Export Bank (Afreximbank) published in Accra, looks at trade and economic developments in Africa and other parts of the world in 2022, a period during which the global economy experienced a strong synchronized global deceleration & eacute; e due to a confluence of overlapping global crises, including the continuing effects of COVID-19, particularly in China, where the country's “Zero COVID” policy has resulted in a sharp reduction in production, the worsening of geopolitical tensions fuelled by the Ukrainian crisis, the increasing risk of fragmentation exacerbated by geopolitical tensions and the persistence of trade wars among others. The Report reveals that amid these global headwinds, Africa remained on a development trajectory, with GDP growth rising by 3.9% and merchandise trade expanding by 20.9% in 2022, above the global average of 12%, according to the

The report reiterates that African exports are characterized by very few exports of manufactured goods, which are concentrated in a limited number of countries, driven by a few sectors, and have a limited export market. In this regard, using indicators of participation in GVC, the report suggests that the degree of regional integration in Africa is almost six times lower than in developing countries in Asia, excluding high-income countries

The African Export-Import Bank (Afreximbank) is a pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For 30 years, it has deployed innovative structures to provide financing solutions that support the transformation of the structure of African trade, accelerating industrialization and intra-regional trade, thus stimulating economic expansion in Africa