What is the main trading market of West Africa?

What is West Africa’s main economy?

WEST AFRICA TRADE and INVESTMENT HUB (WATIH)

Agriculture is the main economic driver and the region has one of the fastest growing uses of mobile phones and digital technology. Women also play important roles that contribute to economic growth.

What are the main exports of West Africa?

Cocoa and cocoa food preparations (5% of exports) , precious stones (3%) and secondarily cotton , edible fruit, rubber , plastics , wood and wood products , fish and shellfish (about 1% each), form together with fuel , the major export products of the West African Economic Community.

What was the major commodity in West Africa?

Gold was the most important export from the Gold Coast until the late seventeenth century. Gum dominated exports from the Senegal River. The major limitation to development of trade was the cost of shipping, which limited exchange to commodities that had a high value for their weight.

How was West Africa affected by trade?

By providing firearms amongst the trade goods, Europeans increased warfare and political instability in West Africa. Some states, such as Asante and Dahomey, grew powerful and wealthy as a result. Other states were completely destroyed and their populations decimated as they were absorbed by rivals.

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What is West Africa known for?

West Africa is famous for its cultural diversity and rich history. Unique mud architecture and landscapes dominate Niger and Mali’s major sights. Slave forts on Goree Island and along Ghana’s coast attract many visitors.

Is West Africa a rich country?

Compared to other regions on the continent, West Africa has the greatest number of countries with more than 30 percent of the population living on less than $1.90 a day. … Five of Nigeria’s richest men have a combined wealth of US$29.9 billion – more than the country’s entire national budget for 2017.

What is the main export of Africa?

The main exported commodities of African nations are: Palm oil. Gold and diamonds. Oil.

What goods are imported to Africa?

The other top products imported by Africa are: Motor cars for persons (worth 17 billion USD), medicaments (worth 11.4 billion USD), telephone sets (worth 11.2 billion USD), wheat (worth 10.6 billion USD), motor vehicles for the transport of goods (worth 6.3 billion USD), rice (worth 6.3 billion USD), and parts & …

Which African country exports the most?

Top African Export Countries

Rank African Country 2020 Value (US$)
1 South Africa $85,686,133,000
2 Nigeria $33,361,475,000
3 Morocco $27,704,922,000
4 Egypt $26,815,145,000