It is however worth noting that the trade with Africa still only accounts for about 4 percent of China’s total foreign trade, with Sino-Angolan trade at about one-fourth of this volume. In 2006, China’s trade with Africa was valued at $56 billion, i.e. less than one-fifth of Europe’s trade with the continent of $315 billion the same year. In spite of the rapid mercantile growth, trade between South Korea and China is still more than twice as large as the Sino-African trade.