AGOA (including GSP) imports for 2022 totaled $10.3 billion, up 26 percent compared to 2001 (the first full-year of AGOA trade) and consistent with the last decade’s average of $11.6 billion. Petroleum products continued to account for the largest portion of AGOA imports with a 45 percent share of overall AGOA imports. AGOA non-oil imports were $5.7 billion in 2022—a record amount and quadruple that of 2001. Several non-oil sectors experienced sizable increases during this period, including apparel, auto parts, macadamia nuts, jewelry, fresh oranges, and footwear. South Africa is the largest AGOA beneficiary.

Download The Full Document