Sino trade volumes soar with Middle East, Africa
7.17.2023, 2:42:30 PM
79
7.17.2023, 2:42:30 PM
79
China's trade and investment links with Africa and the Middle East are becoming deeper and more mature in a positive manner, with Chinese enterprises active "in all sorts of sectors", ushering in more development opportunities for all, according to a senior executive with Standard Chartered.
According to Chinese Customs data, China-Middle East trade volume nearly doubled over the 2017 to 2022 period, from $262.5 billion to $507.2 billion. The Middle East is the fastest growing trading partner to China in 2022, up 27.1 percent year-on-year, compared to the Association of Southeast Asian Nations (15 percent), the European Union (5.6 percent) and the United States (3.7 percent).
Trade volume between China and Africa also surged by 14.5 percent on a yearly basis in 2022 to almost 1.9 trillion yuan ($266.3 billion).
China is currently the largest trading partner for many major economies in the Middle East and Africa, including Saudi Arabia, the United Arab Emirates, Egypt, and South Africa.
Source: China Daily
Recommendation
Precise Insights into Parenting Anxiety! These 4 Toy Categories Become New Favorites Among Gen Z Parents
As consumer demands evolve and parenting concepts iterate, toy products continue to innovate. In 2025, the infant toy market welcomes a new wave of innovation, spanning sensory training to social enlightenment, and role-playing to cognitive development. Global toy brands are competing for user mindshare through differentiated designs. This article analyzes 15 new infant toys recommended by ToyInsider across four core categories, offering fresh perspectives for product R&D.
Building Block Toys Maintain Strong Growth Trajectory in Global Market
Building block toys have experienced five consecutive years of growth in the global toy market, with a notable 14% surge in sales in 2024.
Connect?with?World Class?Plush?Toy?Manufacturers?at?China?Toy?Expo?2025!
China's plush and soft toy suppliers are no longer just manufacturers — they are design-driven, trend-savvy, and globally competitive partners with robust international supply chain capabilities. These companies combine creative design, efficient production, and proven export experience to meet the fast-evolving demands of global markets.
Pop Mart's Growth Strategy to Reach 20 Billion RMB in Revenue: The Globalization of Trendy Toy Brands 3.0
Recently, Pop Mart announced its 2024 full-year financial results, with a record-breaking revenue of 13.04 billion RMB, a year-on-year growth of 106.9%, and a net profit of 3.4 billion RMB, marking an astonishing 185.9% increase. Behind these impressive figures lies not only the rise of a trendy toy company but also the evolution of the entire industry. This article delves into Pop Mart's growth logic, analyzing their strategic layout, IP management, channel innovation, and globalization breakthroughs to provide valuable insights for other toy companies.