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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202005

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202005

According to Dalian Infobank, in 202005SOUTH AFRICA's exports and imports of goods amounted to 10308.6748 million, and were down 33.02% comparing with the same period of last year. Among these, exports were down 27.99% at 5584.5521 million, and imports were down 38.13% at 4724.1228 million. And the corresponding trade surplus was 860.4293 million and up 615.74%.

During the current year until 202005, SOUTH AFRICA's total exports and imports of goods were 58188.1829 million and were down 19.36% comparing to the same period of last year. Among these, exports were 29563.9925 million and down 17.55%; imports were 28624.1903 million and down 21.15%. The total trade surplus was 939.8022 million and down 310.26%.

If considering by country (region), CHINA, GERMANY, UNITED STATES, OTHER COUNTRIES, INDIA were SOUTH AFRICA's top five trading partners. During the current year until 202005, SOUTH AFRICA's imports and exports to five countries/territories were 8794.6172 million, 5116.4156 million, 4022.9526 million, 2812.0405 million, 2622.7895 million. These values correspond to 15.11%, 8.79%, 6.91%, 4.83%, 4.51% of SOUTH AFRICA's imports and exports, and, respectively, were down 17.44%, down 21.03%, down 17.50%, up 28.80%, down 23.43% comparing to the same period of last year.

Current year until 202005, SOUTH AFRICA and the top five trade partners CHINA, OTHER COUNTRIES, GERMANY, UNITED STATES, UNITED KINGDOM are the top five countries/territories that SOUTH AFRICA exports to in terms of the total export amount. During the current year until 202005, SOUTH AFRICA's exports to these five countries/territories were 3271.0928 million, 2648.1904 million, 2289.8918 million, 2165.3088 million, 1349.1852 million. These values correspond to 11.06%, 8.96%, 7.75%, 7.32%, 4.56% of SOUTH AFRICA's exports and, respectively, were down 13.92%, up 38.19%, down 19.13%, down 12.63%, down 21.32% comparing with the same period of last year.

Current year until 202005, 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 202005, SOUTH AFRICA's imports from these five countries/territories were 5523.5244 million, 2826.5238 million, 1857.6439 million, 1372.5026 million, 1286.8889 million. These values correspond to 19.30%, 9.87%, 6.49%, 4.79%, 4.50% of SOUTH AFRICA's total imports and, respectively, were down 19.39%, down 22.51%, down 22.54%, down 17.42%, down 17.14% comparing with the same period of last year.

During the current year until 202005, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, NETHERLANDS, MOZAMBIQUE, NAMIBIA at 2484.3404 million, 991.4298 million, 915.5990 million, 824.5118 million, 671.9472 million, and up 50.61%, down 26.39%, up 13.95%, down 15.45%, down 38.15%. And the trade deficits were mainly from CHINA, SAUDI ARABIA, NIGERIA, THAILAND, GERMANY at 2252.4317 million, 1137.9604 million, 1130.9924 million, 728.0664 million, 536.6320 million, and down 26.19%, down 13.30%, down 17.07%, down 21.93%, down 34.23%.

Current year until 202005, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202005,  commodities with hs2 codes, 27, 71, 84, 87, 26, were SOUTH AFRICA's top five traded commodities. They correspond to the import and export values of 7666.3139 million, 6621.4692 million, 4965.8557 million, 4603.8728 million, 4433.0988 million, which were down 23.68%, up 10.74%, down 25.80%, down 35.95%, down 20.07% comparing with the same period of last year and account for 13.18%, 11.38%, 8.53%, 7.91%, 7.62% of SOUTH AFRICA's total imports and exports.

During the current year until 202005, 71, 26, 27, 87, 72 were SOUTH AFRICA's top five traded commodities, with total import and export values of 6208.0882 million, 4418.3799 million, 2981.2064 million, 2676.4104 million, 1555.9782 million. These values correspond to 21.00%, 14.95%, 10.08%, 9.05%, 5.26% of SOUTH AFRICA's total exports and, respectively, were up 13.81%, down 19.50%, down 22.35%, down 38.91%, down 38.48% comparing to the same period of last year.

During the current year until 202005, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 4685.1076 million, 3468.3107 million, 2612.5055 million, 2444.0091 million, 1927.4624 million. These values correspond to 16.37%, 12.12%, 9.13%, 8.54%, 6.73% of SOUTH AFRICA's total exports and, respectively, were down 24.51%, down 23.35%, down 26.98%, down 24.78%, down 31.33% comparing to the same period of last year.


2. Current year until 202005, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202005, SOUTH AFRICA-China binational exports and imports of goods amounted to 8794.6172 million and were down 17.44% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 3271.0928 million and down 13.92%, imports from China to SOUTH AFRICA were 5523.5244 million and down 19.39%. The total binational trade deficit was 2252.4317 million and down 26.19%.

During the urrent year until 202005, 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 2327.4617 million, 1320.7577 million, 1110.0501 million, 413.2678 million, 392.1368 million and makes up 26.46%, 15.02%, 12.62%, 4.70%, 4.46% of the total binational imports and exports. These values were also down 18.69%, down 28.93%, down 21.45%, down 30.14%, up 857.62% comparing to the same period last year.

During the current year until 202005, 26, 72, 47, 74, 51 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 2326.5321 million, 312.7203 million, 119.3954 million, 114.8170 million, 78.7535 million. These values account for 71.12%, 9.56%, 3.65%, 3.51%, 2.41% of SOUTH AFRICA's total exports and were down 18.67%, down 29.65%, up 494.85%, down 1.37%, up 173.89% comparing to the same period of last year.

During the current year until 202005, 85, 84, 63, 29, 61 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 1309.9496 million, 1100.6191 million, 383.2275 million, 184.8125 million, 174.3618 million. These values account for 23.72%, 19.93%, 6.94%, 3.35%, 3.16% of SOUTH AFRICA's total imports and were down 29.32%, down 21.67%, up 835.87%, down 15.28%, down 25.24% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service