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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202006

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202006

According to Dalian Infobank, in 202006SOUTH AFRICA's exports and imports of goods amounted to 10813.0551 million, and were down 25.62% comparing with the same period of last year. Among these, exports were down 9.19% at 6738.4466 million, and imports were down 42.75% at 4074.6085 million. And the corresponding trade surplus was 2663.8380 million and up 778.64%.

During the current year until 202006, SOUTH AFRICA's total exports and imports of goods were 69001.2380 million and were down 20.41% comparing to the same period of last year. Among these, exports were 36302.4391 million and down 16.12%; imports were 32698.7989 million and down 24.69%. The total trade surplus was 3603.6402 million and down 2606.24%.

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 202006, SOUTH AFRICA's imports and exports to five countries/territories were 10710.8321 million, 5768.5268 million, 4781.8085 million, 3518.7979 million, 3055.3013 million. These values correspond to 15.52%, 8.36%, 6.93%, 5.10%, 4.43% of SOUTH AFRICA's imports and exports, and, respectively, were down 15.66%, down 25.43%, down 17.47%, up 29.30%, down 24.99% comparing to the same period of last year.

Current year until 202006, 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 202006, SOUTH AFRICA's exports to these five countries/territories were 4214.9247 million, 3342.5306 million, 2636.8559 million, 2615.8288 million, 1827.6929 million. These values correspond to 11.61%, 9.21%, 7.26%, 7.21%, 5.03% of SOUTH AFRICA's exports and, respectively, were down 9.12%, up 39.38%, down 21.23%, down 11.84%, down 13.04% comparing with the same period of last year.

Current year until 202006, 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 202006, SOUTH AFRICA's imports from these five countries/territories were 6495.9074 million, 3131.6710 million, 2165.9796 million, 1619.9748 million, 1357.2682 million. These values correspond to 19.87%, 9.58%, 6.62%, 4.95%, 4.15% of SOUTH AFRICA's total imports and, respectively, were down 19.42%, down 28.64%, down 23.38%, down 17.12%, down 31.32% comparing with the same period of last year.

During the current year until 202006, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, NETHERLANDS, MOZAMBIQUE, UNITED KINGDOM at 3166.2633 million, 1237.5845 million, 1137.4551 million, 1033.7615 million, 970.5929 million, and up 52.60%, down 23.39%, up 18.95%, down 10.72%, up 17.81%. And the trade deficits were mainly from CHINA, NIGERIA, SAUDI ARABIA, THAILAND, FRANCE at 2280.9826 million, 1169.6183 million, 1134.0053 million, 795.8796 million, 515.3569 million, and down 33.38%, down 33.10%, down 32.21%, down 25.94%, down 9.84%.

Current year until 202006, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202006,  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 8633.4954 million, 8254.2013 million, 5969.8681 million, 5456.5260 million, 5245.1486 million, which were down 29.68%, up 13.50%, down 24.91%, down 17.99%, down 39.70% comparing with the same period of last year and account for 12.51%, 11.96%, 8.65%, 7.91%, 7.60% of SOUTH AFRICA's total imports and exports.

During the current year until 202006, 71, 26, 27, 87, 72 were SOUTH AFRICA's top five traded commodities, with total import and export values of 7766.5581 million, 5439.6871 million, 3477.6228 million, 3167.9737 million, 1896.1278 million. These values correspond to 21.39%, 14.98%, 9.58%, 8.73%, 5.22% of SOUTH AFRICA's total exports and, respectively, were up 16.47%, down 17.50%, down 24.54%, down 40.18%, down 37.11% comparing to the same period of last year.

During the current year until 202006, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 5155.8726 million, 4091.9402 million, 3154.6038 million, 2551.9756 million, 2077.1749 million. These values correspond to 15.77%, 12.51%, 9.65%, 7.80%, 6.35% of SOUTH AFRICA's total exports and, respectively, were down 32.78%, down 23.36%, down 26.32%, down 35.02%, down 38.96% comparing to the same period of last year.


2. Current year until 202006, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202006, SOUTH AFRICA-China binational exports and imports of goods amounted to 10710.8321 million and were down 15.66% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 4214.9247 million and down 9.12%, imports from China to SOUTH AFRICA were 6495.9074 million and down 19.42%. The total binational trade deficit was 2280.9826 million and down 33.38%.

During the urrent year until 202006, 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 2956.9046 million, 1615.7184 million, 1326.6467 million, 564.7588 million, 413.3789 million and makes up 27.61%, 15.08%, 12.39%, 5.27%, 3.86% of the total binational imports and exports. These values were also down 15.32%, down 27.24%, down 19.84%, down 17.68%, up 771.67% comparing to the same period last year.

During the current year until 202006, 26, 72, 47, 74, 51 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 2955.8302 million, 447.6903 million, 148.1315 million, 143.2260 million, 95.7610 million. These values account for 70.13%, 10.62%, 3.51%, 3.40%, 2.27% of SOUTH AFRICA's total exports and were down 15.30%, down 14.02%, up 412.29%, down 1.95%, up 214.11% comparing to the same period of last year.

During the current year until 202006, 85, 84, 63, 29, 61 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 1604.4778 million, 1315.0514 million, 404.4695 million, 232.7784 million, 189.7858 million. These values account for 24.70%, 20.24%, 6.23%, 3.58%, 2.92% of SOUTH AFRICA's total imports and were down 27.51%, down 19.98%, up 752.89%, down 8.04%, down 26.26% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service