1、Understanding Trade Dynamics in Sub-Saharan Africa Hany Abdel-Latif,Khushboo Khandelwal,Longmei Zhang WP/25WP/25/45IMF Working Papers describe research in progress by the author(s)and are published to elicit comments and to encourage debate.The views expressed in IMF Working Papers are those of the

2、author(s)and do not necessarily represent the views of the IMF,its Executive Board,or IMF management.2025 FEB 2025 International Monetary Fund WP/25/45 IMF Working Paper African Department Understanding Trade Dynamics in Sub-Saharan Africa Prepared by Hany Abdel-Latif,Khushboo Khandelwal,Longmei Zha

3、ng*Authorized for distribution by Jesmin Rahman February 2025 IMF Working Papers describe research in progress by the author(s)and are published to elicit comments and to encourage debate.The views expressed in IMF Working Papers are those of the author(s)and do not necessarily represent the views o

4、f the IMF,its Executive Board,or IMF management.ABSTRACT:This paper explores export and import dynamics in sub-Saharan Africa(SSA),both regionally and across various country groups.The findings underscore the significant associations that domestic demand and exports have with import changes,albeit t

5、he magnitude of these associations varies across countries.Variations in consumption and investment are highly correlated with changes in imports across the region and in nearly all country groups.Changes in exports are also associated with increased import growth,with this link being most notable i

6、n resource-intensive countries.Furthermore,an appreciation of the real effective exchange rate is correlated with reduced import growth in East African countries,while resource-intensive countries experience a less pronounced correlation.Exports,on the other hand,show a strong sensitivity to global