Readers will notice that South Africa’s trade balance tends to move between a positive trade balance and a negative trade balance. So South Africa is not really a net exporter nor a net importer of goods.
What is South Africa’s main imports and exports?
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 is South Africa exporting?
South Africa also has a large agricultural sector and is a net exporter of farming products. … 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.
What does South Africa import from Africa?
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).
Where does South Africa import from?
South Africa’s imports 2020 by country
China with a share of 20% (14.3 billion US$) Germany with a share of 9.12% (6.29 billion US$) USA with a share of 6.43% (4.43 billion US$) India with a share of 5.19% (3.58 billion US$)
What is South Africa’s biggest export?
Searchable List of South Africa’s Most Valuable Export Products
|Rank||South African Export Product||Change|
|3||Iron ores, concentrates||+7.1%|
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 are the 5 major exports of South Africa?
In 2017, South Africa exported mostly: mineral products (25.1 percent of total exports, including chrome, manganese, vanadium, vermiculite, ilmenite, palladium, rutile and zirconium, crude and coal), precious metals (16.7 percent, mainly gold, platinum, diamonds and jewellery), vehicles and aircraft vessels (11.9 …
What products are made in South Africa?
South Africa is synonymous for its mineral riches such gold, diamond, platinum, manganese-ore and coal, while the fruits of its farming industry are savoured over the world. This includes wine, fruit, medicinal plants, wool, livestock, game and cut flowers.
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.
What does South Africa import a lot of?
Also shown is the percentage share each product category represents in terms of overall imports into South Africa. Mineral fuels including oil: US$9.6 billion (14% of total imports) Machinery including computers: $9.1 billion (13.1%) Electrical machinery, equipment: $7.1 billion (10.3%) Vehicles: $4.4 billion (6.4%)
Does South Africa import or export more?
Currently the value of Imports and Exports per quarter equates to roughly 60% of South Africa’s Gross Domestic Product (GDP). So trade is an extremely import part of the South African economy.
What food does South Africa import?
In this category, South Africa’s main imports are wheat, rice, and corn, with an import value of US$986.01 million. The increasing demand for wheat – more than 3 million tons – is rarely covered by the local production, which usually accounts for only half of that amount.
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. It is estimated that this will increase by 5% in 2019 to 545,000 tonnes due to a decrease in local production on relative higher feed cost.
Where does South Africa import vehicles from?
In pure volume terms, the top country of origin for passenger cars and light commercial vehicles imported into South Africa in 2019 was India, with a whopping 106 199 vehicles. India thus accounted for 36,5 percent of the total light vehicles brought into the country during the year.
What does South Africa export to China?
South Africa’s main export products include a variety of primary products such as mineral resources (chromium, platinum, manganese, and iron ores), motor vehicles and car parts, machinery and mechanical appliances. Its main export partners are China, the United States, Japan, Botswana and Germany.