Top 10 Mineral-Producing Countries in Africa by Export Value
These countries continue to play a pivotal role in the global mineral market, driving economic growth and development across Africa
Africa is a treasure trove of natural resources, holding around 30% of the world’s mineral reserves. The continent is rich in valuable commodities such as oil, diamonds, gold, copper, cobalt, coal, iron ore, and uranium, contributing significantly to the global supply chain. In 2022, several African nations emerged as top exporters of these natural resources, showcasing their economic potential and strategic importance. Here are the top 10 mineral-producing countries in Africa based on their export volumes:
1. South Africa – $124.96 Billion
South Africa leads the continent with a staggering $124.96 billion in mineral exports. The country is renowned for its vast deposits of gold, manganese, and platinum. Other significant resources include iron ore, diamonds, and coal. The mining sector remains a crucial driver of South Africa’s economy, contributing significantly to job creation and foreign exchange earnings.
2. Nigeria – $52.69 Billion
Nigeria, Africa’s most populous country, ranks second with mineral exports worth $52.69 billion in 2022. The country is primarily known for its oil reserves, which form the backbone of its export economy. Nigeria also exports significant quantities of iron ore and columbite, making it a key player in the global mineral market.
3. Algeria – $38.70 Billion
Algeria holds the third spot with $38.70 billion in exports, driven largely by its hydrocarbon resources. The country is one of the largest producers of natural gas in the world and is also rich in oil reserves. Algeria’s energy sector remains vital to its economy, providing a substantial portion of its GDP and foreign earnings.
4. Angola – $32.04 Billion
Angola follows closely with exports valued at $32.04 billion, primarily driven by its diamond and oil industries. The country also has significant deposits of gold, which add to its mineral wealth. Angola continues to be a key player in the global diamond market, with extensive mining activities across the country.
5. Libya – $27.03 Billion
Libya, with exports totaling $27.03 billion, primarily relies on its oil sector. The country also exports minerals like clay, cement, and salt, diversifying its export portfolio. Despite political instability, Libya’s oil industry remains resilient, contributing significantly to its national revenue.
6. Egypt – $23.22 Billion
Egypt exported $23.22 billion worth of minerals in 2022, with gold, copper, and silver being the major contributors. The country has a rich mining history, with ongoing exploration activities aimed at boosting its mineral production capabilities.
7. Ghana – $14.97 Billion
Ghana is Africa’s second-largest gold producer, with total mineral exports reaching $14.97 billion. The country also exports limestone, iron ore, and other minerals. Ghana’s mining sector is a key pillar of its economy, attracting substantial foreign investments.
8. Democratic Republic of Congo (DRC) – $13.69 Billion
The DRC exported $13.69 billion worth of minerals, including gold, copper, and cobalt. It is one of the world’s largest cobalt producers, crucial for electric vehicle batteries, making it a significant player in the global market.
9. Gabon – $10.92 Billion
Gabon ranks ninth with $10.92 billion in mineral exports, predominantly manganese, iron ore, and uranium. The country has rich mineral deposits, contributing significantly to its export economy.
10. Zimbabwe – $9.77 Billion
Zimbabwe closes the top 10 list with $9.77 billion in mineral exports. The country’s mining industry is well-known for platinum, chrome, coal, and gold production. Zimbabwe’s mineral sector remains a critical part of its economic landscape.
