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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202008

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202008

According to Dalian Infobank, in 202008SOUTH AFRICA's exports and imports of goods amounted to 12827.0040 million, and were down 18.06% comparing with the same period of last year. Among these, exports were down 6.43% at 7535.8000 million, and imports were down 30.39% at 5291.2039 million. And the corresponding trade surplus was 2244.5961 million and up 396.99%.

During the current year until 202008, SOUTH AFRICA's total exports and imports of goods were 94170.9611 million and were down 20.61% comparing to the same period of last year. Among these, exports were 51121.2064 million and down 13.88%; imports were 43049.7547 million and down 27.35%. The total trade surplus was 8071.4517 million and up 7734.77%.

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 202008, SOUTH AFRICA's imports and exports to five countries/territories were 14608.1851 million, 7925.1553 million, 6706.6995 million, 4933.5402 million, 4105.3111 million. These values correspond to 15.51%, 8.42%, 7.12%, 5.24%, 4.36% of SOUTH AFRICA's imports and exports, and, respectively, were down 15.52%, down 27.26%, down 15.48%, up 28.39%, down 26.33% comparing to the same period of last year.

Current year until 202008, SOUTH AFRICA and the top five trade partners CHINA, OTHER COUNTRIES, UNITED STATES, GERMANY, 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 202008, SOUTH AFRICA's exports to these five countries/territories were 5942.5887 million, 4688.3287 million, 3892.9773 million, 3864.6641 million, 2557.0611 million. These values correspond to 11.62%, 9.17%, 7.62%, 7.56%, 5.00% of SOUTH AFRICA's exports and, respectively, were down 7.16%, up 36.53%, down 2.87%, down 19.24%, down 14.12% comparing with the same period of last year.

Current year until 202008, SOUTH AFRICA's exports to top five countries/territories CHINA, GERMANY, UNITED STATES, INDIA, SAUDI ARABIA are the top five countries/territories that SOUTH AFRICA imports from in terms of the total export amount. During the current year until 202008, SOUTH AFRICA's imports from these five countries/territories were 8665.5964 million, 4060.4912 million, 2813.7222 million, 2199.6573 million, 1618.0317 million. These values correspond to 20.13%, 9.43%, 6.54%, 5.11%, 3.76% of SOUTH AFRICA's total imports and, respectively, were down 20.44%, down 33.55%, down 28.34%, down 22.59%, down 32.35% comparing with the same period of last year.

During the current year until 202008, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, NETHERLANDS, MOZAMBIQUE, UNITED KINGDOM at 4443.1172 million, 1717.2421 million, 1530.6189 million, 1432.2590 million, 1430.9880 million, and up 46.88%, down 27.28%, up 17.13%, down 15.32%, up 20.56%. And the trade deficits were mainly from CHINA, SAUDI ARABIA, NIGERIA, THAILAND, ITALY at 2723.0077 million, 1409.5357 million, 1352.3609 million, 996.4774 million, 733.3626 million, and down 39.37%, down 34.50%, down 32.20%, down 33.64%, down 28.97%.

Current year until 202008, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202008,  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 11939.1484 million, 10916.9189 million, 8420.3077 million, 7592.3554 million, 7282.7892 million, which were up 21.11%, down 31.88%, down 24.39%, down 16.46%, down 41.48% comparing with the same period of last year and account for 12.68%, 11.59%, 8.94%, 8.06%, 7.73% of SOUTH AFRICA's total imports and exports.

During the current year until 202008, 71, 26, 87, 27, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 11270.5541 million, 7570.2040 million, 4571.1655 million, 4428.2489 million, 2816.0936 million. These values correspond to 22.05%, 14.81%, 8.94%, 8.66%, 5.51% of SOUTH AFRICA's total exports and, respectively, were up 24.17%, down 15.90%, down 40.32%, down 27.19%, down 22.41% comparing to the same period of last year.

During the current year until 202008, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 6488.6701 million, 5604.2141 million, 4313.3384 million, 3046.8893 million, 2711.6237 million. These values correspond to 15.07%, 13.02%, 10.02%, 7.08%, 6.30% of SOUTH AFRICA's total exports and, respectively, were down 34.74%, down 25.35%, down 26.02%, down 44.21%, down 43.33% comparing to the same period of last year.


2. Current year until 202008, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202008, SOUTH AFRICA-China binational exports and imports of goods amounted to 14608.1851 million and were down 15.52% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 5942.5887 million and down 7.16%, imports from China to SOUTH AFRICA were 8665.5964 million and down 20.44%. The total binational trade deficit was 2723.0077 million and down 39.37%.

During the urrent year until 202008, 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 4142.7845 million, 2219.8030 million, 1796.1617 million, 730.6383 million, 442.8397 million and makes up 28.36%, 15.20%, 12.30%, 5.00%, 3.03% of the total binational imports and exports. These values were also down 13.28%, down 24.10%, down 20.95%, down 15.62%, up 608.84% comparing to the same period last year.

During the current year until 202008, 26, 72, 74, 47, 08 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 4141.5634 million, 582.0314 million, 224.7890 million, 188.6704 million, 170.3600 million. These values account for 69.69%, 9.79%, 3.78%, 3.17%, 2.87% of SOUTH AFRICA's total exports and were down 13.25%, down 9.40%, up 3.06%, up 172.81%, down 8.81% comparing to the same period of last year.

During the current year until 202008, 85, 84, 63, 29, 87 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 2205.1018 million, 1776.9847 million, 433.9285 million, 315.1937 million, 255.1998 million. These values account for 25.45%, 20.51%, 5.01%, 3.64%, 2.94% of SOUTH AFRICA's total imports and were down 24.40%, down 21.14%, up 594.60%, down 10.51%, down 17.28% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service