South Africa is currently our 39th largest goods trading partner with $13.2 billion in total (two way) goods trade during 2019. Goods exports totaled $5.4 billion; goods imports totaled $7.8 billion. The U.S. goods trade deficit with South Africa was $2.4 billion in 2019.
What is South Africa’s biggest export?
South Africa is very open to international trade, which represents 59.2% of the country’s GDP. The country mainly exports platinum (9.3%), motor vehicles (7.5%), iron ores (6.5%), coal and similar solid fuels (5.3%) and gold (5.2%).
What are the 5 major exports of South Africa?
Chief exports include corn, diamonds, fruits, gold, metals and minerals, sugar, and wool. Machinery and transportation equipment make up more than one-third of the value of the country’s imports.
How much does South Africa make from imports?
South Africa Raw materials imports are worth US$ 15,106 million, product share of 16.31%. South Africa Intermediate goods exports are worth US$ 33,447 million, product share of 35.74%. South Africa Intermediate goods imports are worth US$ 17,184 million, product share of 18.55%.
What is Africa’s largest export?
Mineral fuels, including oil, hold the largest share of exports with $5.1bn making up 19.5% of total exports. The second biggest sector is gems and precious metals at $2.1bn, accounting for 8.2% of all exports.
Which is the richest country in South Africa?
TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS
- 1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $446.543 Billion) …
- 2 | SOUTH AFRICA (GDP: $358.839 Billion) …
- 3 | EGYPT (GDP: $302.256 Billion) …
- 4 | ALGERIA (GDP: $172.781 Billion) …
- 5 | MOROCCO (GDP: $119,04 Billion) …
- 6 | KENYA (GDP: $99,246 Billion)
What is South Africa’s biggest import?
South Africa main imports are: machinery (23.5 percent of total imports), mineral products (15.1 percent), vehicles and aircraft vessels (10 percent), chemicals (10.9 percent), equipment components (8.1 percent) and iron and steel products (5.3 percent).
What are South Africa three most valuable exports?
Searchable List of South Africa’s Most Valuable Export Products
|Rank||South African Export Product||Change|
|3||Iron ores, concentrates||+7.1%|
What is South Africa famous for?
South Africa, the southernmost country on the African continent, renowned for its varied topography, great natural beauty, and cultural diversity, all of which have made the country a favoured destination for travelers since the legal ending of apartheid (Afrikaans: “apartness,” or racial separation) in 1994.
What country does South Africa trade with the most?
South Africa incurred the highest trade surpluses with the following countries:
- Botswana: US$2.9 billion (country-specific trade surplus in 2020)
- United States: $2.7 billion.
- United Kingdom: $2.5 billion.
- Mozambique: $2.4 billion.
- Netherlands: $2.4 billion.
- Zimbabwe: $2.1 billion.
- Namibia: $1.9 billion.
- Japan: $1.9 billion.
Does South Africa import meat?
In 2018, South Africa imported almost 520,000 tonnes of chicken meat to augment local production, up of 2% from 2017. … Frozen bone-in chicken and mechanically deboned meat are the leading imported products. Brazil is the major supplier of chicken meat to South Africa with more than 60% share in the import market.
How many millions are there in a billion in South Africa?
1,000,000,000 (one billion, short scale; one thousand million or milliard, yard, long scale) is the natural number following 999,999,999 and preceding 1,000,000,001. One billion can also be written as b or bn.
What does South Africa export to USA?
This category includes gold, platinum and diamonds. The second biggest export category for South Africa to the USA is products of Iron and Steel with just over 18% of South African exports to the USA and the third biggest export category being Mineral products with just under 16%. This category includes iron ore.
What is Africa’s largest industry?
Agriculture is Africa’s largest economic sector, representing 15 percent of the continent’s total GDP, or more than $100 billion annually. It is highly concentrated, with Egypt and Nigeria alone accounting for one-third of total agricultural output and the top ten countries generating 75 percent.
Who does South Africa export gold to?
The analysis shows patterns of trade misinvoicing on exports to China, Germany, Hong Kong (China), India, Italy, Japan, the Netherlands, Spain, Switzerland, the UK, US including: Between 2000 and 2014, underinvoicing of gold exports from South Africa amounted to $78.2 billion, or 67% of total gold exports.
What is South Africa’s main source of income?
South Africa: Economy
|Economic Trivia||South Africa has the largest economy in Africa.|
|Top Industries||Mining (Platinum, Gold, Chromium); Automobile Assembly; Metalworking; Machinery|