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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202012

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202012

According to Dalian Infobank, in 202012SOUTH AFRICA's exports and imports of goods amounted to 14764.7035 million, and were up 11.25% comparing with the same period of last year. Among these, exports were up 18.29% at 8456.6639 million, and imports were up 3.04% at 6308.0396 million. And the corresponding trade surplus was 2148.6244 million and up 109.14%.

During the current year until 202012, SOUTH AFRICA's total exports and imports of goods were 154421.6081 million and were down 13.29% comparing to the same period of last year. Among these, exports were 85548.5491 million and down 5.05%; imports were 68873.0590 million and down 21.74%. The total trade surplus was 16675.4901 million and up 695.30%.

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 202012, SOUTH AFRICA's imports and exports to five countries/territories were 24137.1703 million, 13317.4104 million, 11537.7241 million, 7516.0250 million, 6726.0807 million. These values correspond to 15.63%, 8.62%, 7.47%, 4.87%, 4.36% of SOUTH AFRICA's imports and exports, and, respectively, were down 6.88%, down 17.71%, down 3.56%, up 17.18%, down 20.01% comparing to the same period of last year.

Current year until 202012, SOUTH AFRICA and the top five trade partners CHINA, UNITED STATES, OTHER COUNTRIES, 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 202012, SOUTH AFRICA's exports to these five countries/territories were 9892.4118 million, 7129.2418 million, 7112.4901 million, 7055.6782 million, 4206.6458 million. These values correspond to 11.56%, 8.33%, 8.31%, 8.25%, 4.92% of SOUTH AFRICA's exports and, respectively, were up 2.55%, up 15.13%, up 22.05%, down 5.17%, down 10.47% comparing with the same period of last year.

Current year until 202012, 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 202012, SOUTH AFRICA's imports from these five countries/territories were 14244.7585 million, 6261.7322 million, 4408.4823 million, 3595.1521 million, 2689.5007 million. These values correspond to 20.68%, 9.09%, 6.40%, 5.22%, 3.91% of SOUTH AFRICA's total imports and, respectively, were down 12.47%, down 28.38%, down 23.62%, down 16.72%, down 26.48% comparing with the same period of last year.

During the current year until 202012, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, BOTSWANA, UNITED STATES, UNITED KINGDOM, MOZAMBIQUE at 6708.9553 million, 2868.9916 million, 2720.7595 million, 2504.8966 million, 2417.0208 million, and up 28.00%, down 21.13%, up 547.22%, up 35.83%, down 11.99%. And the trade deficits were mainly from CHINA, SAUDI ARABIA, NIGERIA, THAILAND, ITALY at 4352.3468 million, 2345.4505 million, 1788.4845 million, 1773.9274 million, 1112.0243 million, and down 34.32%, down 27.62%, down 41.64%, down 17.16%, down 25.83%.

Current year until 202012, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202012,  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 20983.7381 million, 16445.8696 million, 14013.9625 million, 12964.2306 million, 12762.2097 million, which were up 27.25%, down 30.97%, down 15.86%, down 1.88%, down 30.56% comparing with the same period of last year and account for 13.59%, 10.65%, 9.08%, 8.40%, 8.26% of SOUTH AFRICA's total imports and exports.

During the current year until 202012, 71, 26, 87, 27, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 19879.2382 million, 12931.1753 million, 8391.0924 million, 6780.7539 million, 4964.3952 million. These values correspond to 23.24%, 15.12%, 9.81%, 7.93%, 5.80% of SOUTH AFRICA's total exports and, respectively, were up 29.87%, down 1.35%, down 26.36%, down 25.21%, down 9.30% comparing to the same period of last year.

During the current year until 202012, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 9665.1157 million, 9049.5672 million, 7066.0366 million, 5105.5368 million, 4371.1173 million. These values correspond to 14.03%, 13.14%, 10.26%, 7.41%, 6.35% of SOUTH AFRICA's total exports and, respectively, were down 34.50%, down 19.07%, down 17.35%, down 31.28%, down 37.42% comparing to the same period of last year.


2. Current year until 202012, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202012, SOUTH AFRICA-China binational exports and imports of goods amounted to 24137.1703 million and were down 6.88% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 9892.4118 million and up 2.55%, imports from China to SOUTH AFRICA were 14244.7585 million and down 12.47%. The total binational trade deficit was 4352.3468 million and down 34.32%.

During the urrent year until 202012, commodities with hs2 code, 26, 85, 84, 72, 29, were binational trade's top five traded commodities. They correspond to import and export values of 6828.7767 million, 3723.9796 million, 2994.6425 million, 1236.7647 million, 511.6476 million and makes up 28.29%, 15.43%, 12.41%, 5.12%, 2.12% of the total binational imports and exports. These values were also down 3.41%, down 14.66%, down 11.49%, down 2.60%, down 6.42% comparing to the same period last year.

During the current year until 202012, 26, 72, 74, 47, 08 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 6826.1127 million, 959.2679 million, 424.5719 million, 264.8002 million, 239.6485 million. These values account for 69.00%, 9.70%, 4.29%, 2.68%, 2.42% of SOUTH AFRICA's total exports and were down 3.40%, up 1.90%, up 22.73%, up 95.62%, down 0.12% comparing to the same period of last year.

During the current year until 202012, 85, 84, 29, 63, 87 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 3701.8532 million, 2963.6566 million, 476.8477 million, 475.4657 million, 434.1372 million. These values account for 25.99%, 20.81%, 3.35%, 3.34%, 3.05% of SOUTH AFRICA's total imports and were down 14.93%, down 11.49%, down 6.13%, up 424.13%, down 7.21% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service