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’s top 5 imports?
- 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%)
- Pharmaceuticals: $2.4 billion (3.5%)
- Plastics, plastic articles: $2 billion (3%)
What is South Africa’s main imports and exports?
South Africa is very open to international trade, which represents 59.2% of the country’s GDP. The country mainly exports platinum (9.3%), motor vehicles (7.5%), iron ores (6.5%), coal and similar solid fuels (5.3%) and gold (5.2%).
Where does South Africa import from?
South Africa’s imports 2020 by country
China with a share of 20% (14.3 billion US$) 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 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 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 is South Africa famous for producing?
South Africa is the second largest producer of gold and is the world’s largest producer of chrome, manganese, platinum, vanadium and vermiculite, the second largest producer of ilmenite, palladium, rutile and zirconium. It is also the world’s third largest coal exporter.
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 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.
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.
How much food does South Africa import?
South Africa imported $7.7 billion in agricultural and food products in FY2018, which is at the same level as in FY2017.
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 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 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|