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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202001

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202001

According to Dalian Infobank, in 202001SOUTH AFRICA's exports and imports of goods amounted to 14193.4641 million, and were up 3.66% comparing with the same period of last year. Among these, exports were up 9.65% at 7000.3689 million, and imports were down 1.57% at 7193.0952 million. And the corresponding trade deficit was 192.7263 million and down 79.13%.

During the current year until 202001, SOUTH AFRICA's total exports and imports of goods were 14193.4641 million and were up 3.66% comparing to the same period of last year. Among these, exports were 7000.3689 million and up 9.65%; imports were 7193.0952 million and down 1.57%. The total trade deficit was 192.7263 million and down 79.13%.

If considering by country (region), CHINA, GERMANY, UNITED STATES, INDIA, OTHER COUNTRIES were SOUTH AFRICA's top five trading partners. During the current year until 202001, SOUTH AFRICA's imports and exports to five countries/territories were 2243.0041 million, 1176.6603 million, 989.7882 million, 783.1615 million, 633.3442 million. These values correspond to 15.80%, 8.29%, 6.97%, 5.52%, 4.46% of SOUTH AFRICA's imports and exports, and, respectively, were down 7.05%, up 12.95%, up 6.02%, up 44.90%, up 61.49% comparing to the same period of last year.

Current year until 202001, SOUTH AFRICA and the top five trade partners CHINA, UNITED STATES, OTHER COUNTRIES, GERMANY, INDIA are the top five countries/territories that SOUTH AFRICA exports to in terms of the total export amount. During the current year until 202001, SOUTH AFRICA's exports to these five countries/territories were 824.9274 million, 580.3779 million, 578.3827 million, 463.5665 million, 415.4870 million. These values correspond to 11.78%, 8.29%, 8.26%, 6.62%, 5.94% of SOUTH AFRICA's exports and, respectively, were up 15.22%, up 12.35%, up 65.99%, up 17.48%, up 76.15% comparing with the same period of last year.

Current year until 202001, SOUTH AFRICA's exports to top five countries/territories CHINA, GERMANY, NIGERIA, UNITED STATES, INDIA are the top five countries/territories that SOUTH AFRICA imports from in terms of the total export amount. During the current year until 202001, SOUTH AFRICA's imports from these five countries/territories were 1418.0766 million, 713.0938 million, 457.3536 million, 409.4103 million, 367.6745 million. These values correspond to 19.71%, 9.91%, 6.36%, 5.69%, 5.11% of SOUTH AFRICA's total imports and, respectively, were down 16.45%, up 10.19%, up 257.19%, down 1.81%, up 20.70% comparing with the same period of last year.

During the current year until 202001, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, MOZAMBIQUE, JAPAN, NETHERLANDS at 523.4211 million, 252.8977 million, 203.1154 million, 190.5536 million, 180.8862 million, and up 71.78%, down 6.27%, up 14.82%, up 103.31%, down 0.14%. And the trade deficits were mainly from CHINA, NIGERIA, GERMANY, SAUDI ARABIA, THAILAND at 593.1492 million, 430.5762 million, 249.5273 million, 222.1942 million, 164.1035 million, and down 39.55%, up 359.48%, down 1.20%, down 4.88%, down 15.59%.

Current year until 202001, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202001,  commodities with hs2 codes, 27, 71, 84, 26, 87, were SOUTH AFRICA's top five traded commodities. They correspond to the import and export values of 2023.8158 million, 1715.1653 million, 1221.4056 million, 1114.3119 million, 1032.2229 million, which were up 15.93%, up 39.91%, down 11.20%, down 1.14%, up 2.19% comparing with the same period of last year and account for 14.26%, 12.08%, 8.61%, 7.85%, 7.27% of SOUTH AFRICA's total imports and exports.

During the current year until 202001, 71, 26, 27, 87, 72 were SOUTH AFRICA's top five traded commodities, with total import and export values of 1567.0071 million, 1110.5503 million, 822.7484 million, 476.0935 million, 405.9160 million. These values correspond to 22.38%, 15.86%, 11.75%, 6.80%, 5.80% of SOUTH AFRICA's total exports and, respectively, were up 41.76%, up 0.03%, up 9.30%, up 4.78%, down 14.86% comparing to the same period of last year.

During the current year until 202001, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 1201.0674 million, 872.1952 million, 655.4647 million, 641.7970 million, 556.1294 million. These values correspond to 16.70%, 12.13%, 9.11%, 8.92%, 7.73% of SOUTH AFRICA's total exports and, respectively, were up 20.95%, down 14.44%, down 9.00%, up 10.71%, up 0.06% comparing to the same period of last year.


2. Current year until 202001, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202001, SOUTH AFRICA-China binational exports and imports of goods amounted to 2243.0041 million and were down 7.05% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 824.9274 million and up 15.22%, imports from China to SOUTH AFRICA were 1418.0766 million and down 16.45%. The total binational trade deficit was 593.1492 million and down 39.55%.

During the urrent year until 202001, commodities with hs2 code, 26, 85, 84, 72, 87, were binational trade's top five traded commodities. They correspond to import and export values of 583.0911 million, 352.9540 million, 291.1696 million, 111.7082 million, 58.0258 million and makes up 26.00%, 15.74%, 12.98%, 4.98%, 2.59% of the total binational imports and exports. These values were also up 6.75%, down 11.56%, down 16.40%, up 0.76%, up 9.71% comparing to the same period last year.

During the current year until 202001, 26, 72, 47, 74, 51 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 582.9666 million, 89.9493 million, 36.4715 million, 25.5320 million, 21.8277 million. These values account for 70.67%, 10.90%, 4.42%, 3.10%, 2.65% of SOUTH AFRICA's total exports and were up 6.92%, up 14.92%, up 1487.36%, up 42.99%, up 0.55% comparing to the same period of last year.

During the current year until 202001, 85, 84, 87, 64, 61 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 352.7587 million, 289.0020 million, 57.8308 million, 56.9506 million, 46.8249 million. These values account for 24.88%, 20.38%, 4.08%, 4.02%, 3.30% of SOUTH AFRICA's total imports and were down 11.32%, down 16.86%, up 9.92%, down 9.55%, down 15.20% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service