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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202003

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202003

According to Dalian Infobank, in 202003SOUTH AFRICA's exports and imports of goods amounted to 12609.3562 million, and were down 11.65% comparing with the same period of last year. Among these, exports were down 4.60% at 6961.0691 million, and imports were down 19.02% at 5648.2872 million. And the corresponding trade surplus was 1312.7819 million and up 307.96%.

During the current year until 202003, SOUTH AFRICA's total exports and imports of goods were 40379.5728 million and were down 3.60% comparing to the same period of last year. Among these, exports were 21194.4879 million and up 1.97%; imports were 19185.0849 million and down 9.09%. The total trade surplus was 2009.4031 million and down 731.27%.

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 202003, SOUTH AFRICA's imports and exports to five countries/territories were 5355.3410 million, 3958.1707 million, 2858.7742 million, 2057.9671 million, 2024.9536 million. These values correspond to 13.26%, 9.80%, 7.08%, 5.10%, 5.01% of SOUTH AFRICA's imports and exports, and, respectively, were down 14.28%, up 0.55%, up 3.57%, up 8.91%, up 47.51% comparing to the same period of last year.

Current year until 202003, SOUTH AFRICA and the top five trade partners CHINA, GERMANY, OTHER COUNTRIES, UNITED STATES, INDIA are the top five countries/territories that SOUTH AFRICA exports to in terms of the total export amount. During the current year until 202003, SOUTH AFRICA's exports to these five countries/territories were 2157.5139 million, 1945.4608 million, 1894.6531 million, 1599.4334 million, 1038.6920 million. These values correspond to 10.18%, 9.18%, 8.94%, 7.55%, 4.90% of SOUTH AFRICA's exports and, respectively, were up 0.35%, up 13.15%, up 53.42%, up 13.16%, up 7.92% comparing with the same period of last year.

Current year until 202003, SOUTH AFRICA's exports to top five countries/territories CHINA, GERMANY, UNITED STATES, INDIA, NIGERIA are the top five countries/territories that SOUTH AFRICA imports from in terms of the total export amount. During the current year until 202003, SOUTH AFRICA's imports from these five countries/territories were 3197.8271 million, 2012.7099 million, 1259.3408 million, 1019.2751 million, 994.4295 million. These values correspond to 16.67%, 10.49%, 6.56%, 5.31%, 5.18% of SOUTH AFRICA's total imports and, respectively, were down 21.96%, down 9.22%, down 6.49%, up 9.94%, up 34.84% comparing with the same period of last year.

During the current year until 202003, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, NETHERLANDS, MOZAMBIQUE, NAMIBIA at 1764.3525 million, 777.0932 million, 623.1987 million, 622.7137 million, 519.7756 million, and up 60.82%, down 2.80%, up 30.30%, up 12.04%, down 13.44%. And the trade deficits were mainly from CHINA, NIGERIA, SAUDI ARABIA, THAILAND, ITALY at 1040.3132 million, 879.3289 million, 824.3245 million, 458.5415 million, 315.9890 million, and down 46.59%, up 40.87%, up 4.33%, down 19.99%, down 15.72%.

Current year until 202003, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202003,  commodities with hs2 codes, 27, 71, 87, 84, 26, were SOUTH AFRICA's top five traded commodities. They correspond to the import and export values of 5528.4556 million, 4816.1438 million, 3648.6201 million, 3405.1249 million, 3081.2568 million, which were down 4.36%, up 35.12%, down 10.12%, down 11.52%, down 4.72% comparing with the same period of last year and account for 13.69%, 11.93%, 9.04%, 8.43%, 7.63% of SOUTH AFRICA's total imports and exports.

During the current year until 202003, 71, 26, 87, 27, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 4520.8239 million, 3071.8219 million, 2274.6005 million, 2071.8447 million, 1177.9850 million. These values correspond to 21.33%, 14.49%, 10.73%, 9.78%, 5.56% of SOUTH AFRICA's total exports and, respectively, were up 40.19%, down 4.27%, down 6.36%, down 9.58%, down 4.62% comparing to the same period of last year.

During the current year until 202003, 27, 84, 98, 85, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 3456.6109 million, 2227.1399 million, 1830.7689 million, 1679.0494 million, 1374.0196 million. These values correspond to 18.02%, 11.61%, 9.54%, 8.75%, 7.16% of SOUTH AFRICA's total exports and, respectively, were down 0.94%, down 14.78%, down 5.96%, down 15.60%, down 15.72% comparing to the same period of last year.


2. Current year until 202003, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202003, SOUTH AFRICA-China binational exports and imports of goods amounted to 5355.3410 million and were down 14.28% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 2157.5139 million and up 0.35%, imports from China to SOUTH AFRICA were 3197.8271 million and down 21.96%. The total binational trade deficit was 1040.3132 million and down 46.59%.

During the urrent year until 202003, commodities with hs2 code, 26, 85, 84, 72, 61, were binational trade's top five traded commodities. They correspond to import and export values of 1557.4861 million, 815.7338 million, 636.7422 million, 265.4509 million, 132.5336 million and makes up 29.08%, 15.23%, 11.89%, 4.96%, 2.47% of the total binational imports and exports. These values were also down 5.57%, down 20.91%, down 24.72%, down 18.46%, down 13.22% comparing to the same period last year.

During the current year until 202003, 26, 72, 47, 74, 51 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 1556.9192 million, 208.3694 million, 81.2699 million, 78.9693 million, 59.9707 million. These values account for 72.16%, 9.66%, 3.77%, 3.66%, 2.78% of SOUTH AFRICA's total exports and were down 5.53%, down 11.43%, up 1073.39%, up 24.16%, up 127.51% comparing to the same period of last year.

During the current year until 202003, 85, 84, 61, 64, 87 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 814.7409 million, 629.9296 million, 132.3339 million, 127.2765 million, 115.4272 million. These values account for 25.48%, 19.70%, 4.14%, 3.98%, 3.61% of SOUTH AFRICA's total imports and were down 20.75%, down 25.21%, down 13.34%, down 17.70%, up 6.06% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service