28 Aug, 2020
The 2020 COVID-19 pandemic has left no economy untouched worldwide. With over 1.2 million COVID-19 cases as of August 27, Africa’s journey to flatten the curve hasn’t been an easy one. Limited testing and incomplete data fail to reveal accurate numbers regarding the impact COVID-19 has had on individual countries and their economies. Now, as many countries in Europe, Asia, and North America begin reopening procedures, it begs the question, where does Africa stand? Africa’s supply chain like many supply chains around the world, has faced drastic delays and disruptions that have led to a massive fall in trade volume. For the first time in 25 years, Africa’s economy is expected to decline after a streak of economic prosperity. Trade volumes are expected to drop 8% for exports and a whopping 16% for imports. These drops along with a rise in international trade costs due to border closures and increased transportation costs have deeply affected African supply chains. The Road to Recovery For Africa, the road to recovery largely depends on Europe's recovery seeing as over 60% of African value added in global exports is directly linked to European production. In other words, the faster Europe recovers, the faster Africa recovers. The used clothing and vehicle industry in particular has been heavily impacted due to delays related to pandemic restrictions. Although some African countries began loosening restrictions earlier this year, surges in COVID-19 cases have led to tighter restrictions once again. As a result, Africa's road to recovery is expected to be slow and rocky in the coming months. About Expotrans As one of the largest exporters to Africa in Canada, Toronto-based Expotrans has over 24 years of experience moving freight to Africa. Expotrans specializes in moving second-hand clothing, used vehicles, scrap metal, and machinery across Africa. Looking to move goods into Africa? Contact our team of experienced customer service agents for more information or click here to request a quote.