FIW-PB 65 Africa`s trade with Europe: Trends, status and potential developments

Africa’s trade relationship with Europe is shaped by historical ties and by emerging economic opportunities. This policy brief examines Africa’s trade with Europe, showing selected trends, the current status and future potential, with a special focus on the European Union (EU) and Austria. It also considers Africa’s economic interactions with major global players such as China and the United States, providing comparisons with Africa-EU trade flows, total trade volumes and key industries. In addition, it highlights how the EU could strengthen its supply chains and reduce dependency risks by fostering co-operation with Africa in sectors aligned with its green and digital goals. It examines how the African Continental Free Trade Area (AfCFTA) could be a catalyst to reshape trade dynamics by serving as an intercontinental economic bridge. Finally, the brief draws policy conclusions, offering insights into how the EU can enhance its trade strategies with Africa to foster mutual economic growth and resilience.