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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202007

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202007

According to Dalian Infobank, in 202007SOUTH AFRICA's exports and imports of goods amounted to 12342.7191 million, and were down 24.11% comparing with the same period of last year. Among these, exports were down 9.30% at 7282.9672 million, and imports were down 38.56% at 5059.7519 million. And the corresponding trade surplus was 2223.2154 million and down 1185.42%.

During the current year until 202007, SOUTH AFRICA's total exports and imports of goods were 81343.9571 million and were down 21.00% comparing to the same period of last year. Among these, exports were 43585.4064 million and down 15.05%; imports were 37758.5507 million and down 26.90%. The total trade surplus was 5826.8556 million and down 1771.44%.

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 202007, SOUTH AFRICA's imports and exports to five countries/territories were 12615.1579 million, 6813.1667 million, 5654.8237 million, 4158.3269 million, 3569.5009 million. These values correspond to 15.51%, 8.38%, 6.95%, 5.11%, 4.39% of SOUTH AFRICA's imports and exports, and, respectively, were down 16.39%, down 25.87%, down 17.54%, up 25.37%, down 26.64% comparing to the same period of last year.

Current year until 202007, 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 202007, SOUTH AFRICA's exports to these five countries/territories were 5054.6618 million, 3955.2000 million, 3252.9610 million, 3174.5716 million, 2193.3534 million. These values correspond to 11.60%, 9.07%, 7.46%, 7.28%, 5.03% of SOUTH AFRICA's exports and, respectively, were down 8.29%, up 34.27%, down 17.45%, down 8.03%, down 15.67% comparing with the same period of last year.

Current year until 202007, 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 202007, SOUTH AFRICA's imports from these five countries/territories were 7560.4960 million, 3560.2057 million, 2480.2521 million, 1911.5038 million, 1552.1554 million. These values correspond to 20.02%, 9.43%, 6.57%, 5.06%, 4.11% of SOUTH AFRICA's total imports and, respectively, were down 21.05%, down 32.19%, down 27.17%, down 21.72%, down 29.75% comparing with the same period of last year.

During the current year until 202007, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, NETHERLANDS, MOZAMBIQUE, UNITED KINGDOM at 3752.0730 million, 1466.6861 million, 1362.7667 million, 1229.5104 million, 1211.4034 million, and up 45.75%, down 24.28%, up 22.53%, down 12.97%, up 15.00%. And the trade deficits were mainly from CHINA, NIGERIA, SAUDI ARABIA, THAILAND, ITALY at 2505.8342 million, 1328.7006 million, 1181.1120 million, 893.1011 million, 617.0317 million, and down 38.35%, down 31.43%, down 38.62%, down 31.73%, down 31.60%.

Current year until 202007, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202007,  commodities with hs2 codes, 71, 27, 84, 26, 87, were SOUTH AFRICA's top five traded commodities. They correspond to the import and export values of 9823.9695 million, 9769.2122 million, 7244.1552 million, 6536.2874 million, 6221.8522 million, which were up 14.89%, down 31.16%, down 24.24%, down 16.88%, down 41.61% comparing with the same period of last year and account for 12.08%, 12.01%, 8.91%, 8.04%, 7.65% of SOUTH AFRICA's total imports and exports.

During the current year until 202007, 71, 26, 27, 87, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 9275.8991 million, 6516.6733 million, 3953.2740 million, 3857.4565 million, 2361.8851 million. These values correspond to 21.28%, 14.95%, 9.07%, 8.85%, 5.42% of SOUTH AFRICA's total exports and, respectively, were up 17.98%, down 16.39%, down 25.02%, down 40.64%, down 24.26% comparing to the same period of last year.

During the current year until 202007, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 5815.9382 million, 4882.2701 million, 3727.4700 million, 2757.1530 million, 2364.3957 million. These values correspond to 15.40%, 12.93%, 9.87%, 7.30%, 6.26% of SOUTH AFRICA's total exports and, respectively, were down 34.79%, down 24.23%, down 26.81%, down 41.93%, down 43.13% comparing to the same period of last year.


2. Current year until 202007, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202007, SOUTH AFRICA-China binational exports and imports of goods amounted to 12615.1579 million and were down 16.39% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 5054.6618 million and down 8.29%, imports from China to SOUTH AFRICA were 7560.4960 million and down 21.05%. The total binational trade deficit was 2505.8342 million and down 38.35%.

During the urrent year until 202007, 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 3525.9408 million, 1914.5560 million, 1567.5550 million, 642.2455 million, 427.4724 million and makes up 27.95%, 15.18%, 12.43%, 5.09%, 3.39% of the total binational imports and exports. These values were also down 14.74%, down 26.53%, down 21.17%, down 16.72%, up 666.89% comparing to the same period last year.

During the current year until 202007, 26, 72, 74, 47, 08 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 3524.7598 million, 511.5780 million, 180.7283 million, 165.4330 million, 116.6639 million. These values account for 69.73%, 10.12%, 3.58%, 3.27%, 2.31% of SOUTH AFRICA's total exports and were down 14.72%, down 10.68%, down 3.93%, up 243.59%, down 8.23% comparing to the same period of last year.

During the current year until 202007, 85, 84, 63, 29, 87 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 1901.2477 million, 1551.2610 million, 418.5616 million, 279.5483 million, 220.1463 million. These values account for 25.15%, 20.52%, 5.54%, 3.70%, 2.91% of SOUTH AFRICA's total imports and were down 26.83%, down 21.30%, up 650.93%, down 7.72%, down 19.53% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service