Russia's economic relationship with Africa has reached new heights, with the total trade value between the two parties hitting a record $24.5 billion in 2024. This marks a significant 43% increase over the previous year, according to data from Russia's Federal Customs Service.

The growth in trade is largely driven by Russia's agricultural exports to Africa, which exceeded $7 billion in 2024, a 19% increase from the previous year. This surge in food shipments has solidified Africa's position as a critical market for Russian agricultural products, with the continent now accounting for half of Russia's wheat exports.

The top 10 African countries with the largest business relationships with Russia have been identified, with Egypt leading the pack, accounting for 4.18% of Russian exports. Algeria, Senegal, Morocco, and Nigeria follow closely, with the remaining five countries being Uganda, South Africa, Tunisia, Libya, and Cameroon.

The growth in trade between Russia and Africa is a strategic move by Moscow to expand its influence on the continent, as European countries gradually retreat. Russia's exports to Africa include machinery, grain, and hydrocarbon fuels, which are essential resources for many African economies.

Beyond trade, Russia has also been expanding its military footprint in Africa, with its defense pact on the continent seeing massive growth in the Sahel region. This move is seen as a bid to counterbalance the influence of Western powers on the continent.

The reliance on Russian wheat has increased due to several factors, including Africa's growing population, the demand for inexpensive food supplies, and the competitive price of Russian agricultural commodities. As a result, Russia's exports to Africa are projected to continue growing, solidifying the country's position as a key player in the continent's economy.

The strengthening of economic ties between Russia and Africa is a significant development, with far-reaching implications for the continent's economy and global trade dynamics. As Russia continues to expand its influence in Africa, it will be interesting to see how this relationship evolves and shapes the continent's economic landscape.

For more information on Russia's trade relationships with Africa, including the top 5 largest Russian food markets in Africa and their recent value change, visit our website.