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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202004

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202004

According to Dalian Infobank, in 202004SOUTH AFRICA's exports and imports of goods amounted to 7499.9352 million, and were down 49.61% comparing with the same period of last year. Among these, exports were down 61.94% at 2784.9525 million, and imports were down 37.68% at 4714.9827 million. And the corresponding trade deficit was 1930.0302 million and up 675.53%.

During the current year until 202004, SOUTH AFRICA's total exports and imports of goods were 47879.5080 million and were down 15.66% comparing to the same period of last year. Among these, exports were 23979.4405 million and down 14.67%; imports were 23900.0676 million and down 16.63%. The total trade surplus was 79.3729 million and down 113.99%.

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 202004, SOUTH AFRICA's imports and exports to five countries/territories were 6855.8443 million, 4476.7929 million, 3360.3515 million, 2316.5290 million, 2098.3843 million. These values correspond to 14.32%, 9.35%, 7.02%, 4.84%, 4.38% of SOUTH AFRICA's imports and exports, and, respectively, were down 18.26%, down 14.81%, down 10.54%, down 12.70%, up 15.76% comparing to the same period of last year.

Current year until 202004, 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 202004, SOUTH AFRICA's exports to these five countries/territories were 2584.9264 million, 2039.9058 million, 1963.9449 million, 1812.4912 million, 1127.4888 million. These values correspond to 10.78%, 8.51%, 8.19%, 7.56%, 4.70% of SOUTH AFRICA's exports and, respectively, were down 12.20%, down 11.33%, up 22.60%, down 5.42%, down 17.26% comparing with the same period of last year.

Current year until 202004, 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 202004, SOUTH AFRICA's imports from these five countries/territories were 4270.9180 million, 2436.8871 million, 1547.8603 million, 1189.0403 million, 1175.1243 million. These values correspond to 17.87%, 10.20%, 6.48%, 4.98%, 4.92% of SOUTH AFRICA's total imports and, respectively, were down 21.53%, down 17.52%, down 15.88%, down 7.90%, down 2.40% comparing with the same period of last year.

During the current year until 202004, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, NETHERLANDS, MOZAMBIQUE, NAMIBIA at 1829.5056 million, 842.7395 million, 697.4362 million, 685.0280 million, 556.3834 million, and up 31.51%, down 20.75%, up 8.00%, down 10.21%, down 32.07%. And the trade deficits were mainly from CHINA, NIGERIA, SAUDI ARABIA, THAILAND, ITALY at 1685.9916 million, 1040.1208 million, 998.8056 million, 617.4557 million, 398.6409 million, and down 32.53%, down 1.45%, down 4.41%, down 20.23%, down 17.67%.

Current year until 202004, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202004,  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 6511.4875 million, 5322.9362 million, 4068.6588 million, 4039.6209 million, 3578.4697 million, which were down 18.15%, up 14.66%, down 28.01%, down 23.32%, down 18.72% comparing with the same period of last year and account for 13.60%, 11.12%, 8.50%, 8.44%, 7.47% of SOUTH AFRICA's total imports and exports.

During the current year until 202004, 71, 26, 27, 87, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 4979.1108 million, 3566.4077 million, 2378.8378 million, 2370.5643 million, 1227.6008 million. These values correspond to 20.76%, 14.87%, 9.92%, 9.89%, 5.12% of SOUTH AFRICA's total exports and, respectively, were up 18.28%, down 18.13%, down 22.47%, down 31.72%, down 27.05% comparing to the same period of last year.

During the current year until 202004, 27, 84, 98, 85, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 4132.6497 million, 2812.0201 million, 2164.4137 million, 2072.1025 million, 1698.0945 million. These values correspond to 17.29%, 11.77%, 9.06%, 8.67%, 7.10% of SOUTH AFRICA's total exports and, respectively, were down 15.43%, down 21.57%, down 17.08%, down 23.96%, down 22.09% comparing to the same period of last year.


2. Current year until 202004, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202004, SOUTH AFRICA-China binational exports and imports of goods amounted to 6855.8443 million and were down 18.26% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 2584.9264 million and down 12.20%, imports from China to SOUTH AFRICA were 4270.9180 million and down 21.53%. The total binational trade deficit was 1685.9916 million and down 32.53%.

During the urrent year until 202004, commodities with hs2 code, 26, 85, 84, 72, 63, were binational trade's top five traded commodities. They correspond to import and export values of 1880.0562 million, 1036.3881 million, 839.1836 million, 315.2016 million, 193.8444 million and makes up 27.42%, 15.12%, 12.24%, 4.60%, 2.83% of the total binational imports and exports. These values were also down 16.13%, down 26.44%, down 26.75%, down 32.44%, up 479.48% comparing to the same period last year.

During the current year until 202004, 26, 72, 47, 74, 51 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 1879.2145 million, 239.5894 million, 97.0501 million, 80.0690 million, 66.3836 million. These values account for 72.70%, 9.27%, 3.75%, 3.10%, 2.57% of SOUTH AFRICA's total exports and were down 16.10%, down 31.27%, up 871.11%, down 11.27%, up 147.75% comparing to the same period of last year.

During the current year until 202004, 85, 84, 63, 61, 64 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 1034.4420 million, 831.4946 million, 184.9378 million, 162.7902 million, 148.7273 million. These values account for 24.22%, 19.47%, 4.33%, 3.81%, 3.48% of SOUTH AFRICA's total imports and were down 26.37%, down 27.03%, up 452.85%, down 18.29%, down 23.09% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service