What’s the volume of exports from the U.S. to Africa annually?
According to Statisca 2022, growth in U.S. export volume of trade goods to Africa from 1997 to 2021. In 2021, U.S. exports to Africa amounted to about 26.67 billion U.S. dollars.
How can we improve the export trade between two continents?
There are three U.S. government agencies that control the majority of exports:
Department of Commerce—Bureau of Industry and Security (BIS)
The BIS is the agency within the Department of Commerce with jurisdiction over most goods exported from the United States. It oversees several crucial aspects of export compliance, including implementing and enforcing the Export Administration Regulations (EAR). The Commerce Control List (CCL) within the EAR lists the products that are subject to the regulations.
State Department—Directorate of Defense Trade Controls
The Directorate of Defense Trade Controls (DDTC) ensures that commercial exports of defense articles and defense services are consistent with U.S. national security and foreign policy objectives.
Department of the Treasury—Office of Foreign Assets Control (OFAC)
The OFAC is a branch of the U.S. Department of the Treasury that “administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.
State Department—Directorate of Defense Trade Controls