Who are the major trading partners of modern African nations?

Africa is a large continent with over fifty individual nations. The economic development and trade potential varies from place to place. South Africa is the largest producer of gold and diamonds in the world and trades with most of the developed countries of the West and Asia. Nigeria is the largest oil producer in Africa and is a member of the petroleum cartel of Oil Producing and Exporting Countries. In that capacity, Nigeria is a...

Africa is a large continent with over fifty individual nations. The economic development and trade potential varies from place to place. South Africa is the largest producer of gold and diamonds in the world and trades with most of the developed countries of the West and Asia. Nigeria is the largest oil producer in Africa and is a member of the petroleum cartel of Oil Producing and Exporting Countries. In that capacity, Nigeria is a player in global trade. Many parts of Africa are not well developed and rely on trade for food. The United States has a partnership with Africa that is called Trade Africa. It focuses on traded with sub-Saharan Africa.

Many developed countries have invested a lot of capital to the emerging countries of Africa. Trade with Germany, Japan, and China has had a positive effect on Africa.