Cocoa products, including paste, butter, and beans dominated the US' agricultural imports from Sub-Saharan Africa in 2024, making up nearly one-third of the total.
Other major import categories included coffee, seafood, oilseed meals, and tree nuts, rounding out the top six.
The top 10 agricultural imports accounted for 74% of all the US' agricultural imports from the region.
Each of the top 10 products had an import value exceeding $120 million.
From SSA, Côte d'Ivoire and Ghana were the leading suppliers of cocoa products to the US in 2024.
The top three products together represented 41% of the total agricultural imports from the region.
Egypt and Morocco dominate Africa’s trade deficit, with a combined shortfall of $50.8 billion dollars, which surpasses the total deficit of the other eight countries on the list
North African economies — Egypt, Morocco and Tunisia — account for more than half of the total trade deficit across the top 10
East African economies also feature prominently, with Ethiopia, Kenya, and Tanzania making up a significant share of the deficit
Smaller economies like Rwanda and Uganda post notable deficits, though on a much smaller scale than their North and East African counterparts
Web payment amassed a total transaction value of ₦825.5 trillion, showcasing its dominance in both frequency and financial significance.
With a Constant Annual Growth Rate of 150.4% (in volume) and 208.9% (in value), Web Pay has been leading the Nigerian Payment System in both transaction volume and value since 2020.
Mobile payments contribute 15.8% of transaction volume and 10.9% of transaction value, indicating growing adoption among tech-savvy users.
NEFT transactions represent 21.5% of the total transaction value, reflecting their importance for transferring large sums.
The dominance of web payments reflects Nigeria's ongoing transition to a cashless economy and widespread digital adoption.
Web payment is the leading payment system in Nigeria, handling over half (52.7%) of transaction volume and 56.6% of transaction value in the first half of 2024.
With a Constant Annual Growth Rate of 150.4% (in volume) and 208.9% (in value), Web Pay has been leading the Nigerian Payment System in both transaction volume and value since 2020.
Point-of-sale (POS) terminals account for 29% of transaction volume, proving their continued relevance for in-person transactions.
Mobile payments contribute 15.8% of transaction volume and 10.9% of transaction value, indicating growing adoption among tech-savvy users.
The dominance of web payments reflects Nigeria's ongoing transition to a cashless economy and widespread digital adoption.
With 3.49 billion transactions, mobile payments are gaining traction for low-value, high-frequency activities like bills and purchases.
