Research says that, the total export from India to Africa reached an estimated revenue of more than $50 Billion by the year 2021 which accounts for 8% of Indian export.
But as our research & development team calculated through trusted resources, it stood at approx $18 Billion because the natural resources trade value is not included in it.
There are numbers of trade agreements has been signed between India & Africa which will going to benefit the exporters from both the ends.
Cereals | Pharmaceuticals | Textiles are the major products exported from India to Africa.
So, Africa is a very good market for Indian exporters and sellers to look deeper and expand as much as possible.
Also due to the increase in the E-commerce industry which stood at more than $24 Billion and Internet penetration rate in Africa, global investors are turning their wheel to one of the oldest regions on Earth.
E-commerce in Africa
Internet Penetration rate in Africa
So, its a good scope for Indian exporters and sellers to grab the African market whether through offline channels or online selling platforms & marketplaces in Africa.