Energy - Page 2 - Intelpoint

Africa imported merchandise worth $788.9 billion in 2025, representing about 3% of global merchandise imports.
South Africa was Africa’s largest merchandise importer, with imports valued at $128.1 billion.
Egypt ranked second at $97.5 billion, followed by Morocco at $87.4 billion.
The three largest importers accounted for $313 billion, or 39.7% of Africa’s total merchandise imports.
South Africa alone accounted for about 16.2% of the continental total.
The five largest importers, including Algeria and Nigeria, were responsible for $404.6 billion, or 51.3% of Africa’s imports.
Nigeria ranked fifth, with merchandise imports valued at $41.5 billion.

Only 16.9% of Africa’s merchandise exports were sold to other African countries in 2024.
Africa had the second-lowest intra-continental export share, ahead only of Oceania’s 4.8%.
Europe recorded the highest share at 65.6%, followed by Asia at 58.4% and the Americas at 54.0%.
Europe’s intra-continental export share was nearly four times Africa’s.
Africa’s share increased from 12.1% in 1995 to 16.9% in 2024, a rise of 4.8 percentage points.
Despite this long-term improvement, Africa remained below its 2015 peak of 18.8%.
Africa has not crossed the 20% mark at any point in the three decades covered.

Nigeria recorded a ₦21.03 trillion trade surplus in 2025, the highest in the period shown.
The trade surplus remained strong at ₦7.55 trillion in Q1 2026.
The latest performance marks a sharp recovery from the deficits recorded in 2020 and 2021.
Nigeria’s trade balance moved from near zero in 2023 to large surpluses in 2024 and 2025.

Global oil consumption rose from about 30.9 million barrels per day in 1965 to 101.4 million barrels per day in 2024, more than tripling over the period.
Asia Pacific saw the biggest structural shift in global oil demand, increasing its share from 10.7% in 1965 to 37.9% in 2024 to become the world’s largest oil-consuming region.
Africa accounted for just 1.9% of global oil consumption in 1965 and 4.5% in 2024, staying below 5% for nearly 60 years.
The global centre of oil demand has gradually shifted away from Western economies toward Asia, reflecting industrialisation, urbanisation, and population growth across the region.
Africa’s modest share of global oil demand highlights the continent’s relatively low industrial energy consumption despite rapid population growth.

South Africa’s Koeberg has been Africa’s only commercial nuclear power station since 1984.
Africa produced just 7.8 TWh of nuclear power in 2024, far below France’s 380 TWh and the US’ 823 TWh.
Egypt’s El Dabaa plant could change Africa’s nuclear map, adding 4,800 MW when completed.
Africa’s nuclear challenge is no longer just generation, but whether countries can finance, regulate, build, and sustain nuclear programmes.

Domestic share rose steadily from 34% in 2021 to 45% in 2025, gaining eleven percentage points in five years.
Export share fell from 66% to 55%, losing ground every year without a single recovery.
2023 was the sharpest single-year shift; domestic share jumped seven points, from 36% to 43%.
The gap between export and domestic share has narrowed from 32 to just 10 points.

Asia is Nigeria’s top import source in 2025.
The highest import value from Asia was recorded in Q1 at ₦8.7 trillion.
Imports from Europe surged to ₦8.6 trillion in Q2 but declined to ₦6.6 trillion by Q4.
Imports from America showed continuous growth, rising from ₦2.9 trillion in Q1 to ₦6.6 trillion in Q4.
Imports from Africa remained below ₦1 trillion across most quarters.