In 1980, the total Sino-African trade volume was US$1 billion. By 1999, it had reached US$6.5 billion. By 2005, the total Sino-African trade had reached US$39.7 billion before it jumped to US$55 billion in 2006, making China the second largest trading partner of Africa after the U.S., which had trade worth US$91 billion with African nations. China also passed the traditional African economic partner and former colonial power France, which had trade worth US$47 billion. In 2010, trade between Africa and China was worth US$114 billion and in 2011, US$166.3 billion. In the first 10 months of 2012 it was US$163.9 billion.