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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202101

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202101

According to Dalian Infobank, in 202101SOUTH AFRICA's exports and imports of goods amounted to 13717.6210 million, and were down 3.38% comparing with the same period of last year. Among these, exports were up 3.50% at 7249.4546 million, and imports were down 10.08% at 6468.1664 million. And the corresponding trade surplus was 781.2882 million and down 513.51%.

During the current year until 202101, SOUTH AFRICA's total exports and imports of goods were 13717.6210 million and were down 3.38% comparing to the same period of last year. Among these, exports were 7249.4546 million and up 3.50%; imports were 6468.1664 million and down 10.08%. The total trade surplus was 781.2882 million and down 513.51%.

If considering by country (region), CHINA, GERMANY, UNITED STATES, JAPAN, INDIA were SOUTH AFRICA's top five trading partners. During the current year until 202101, SOUTH AFRICA's imports and exports to five countries/territories were 2487.7921 million, 1227.5502 million, 1117.7103 million, 727.4933 million, 594.7801 million. These values correspond to 18.14%, 8.95%, 8.15%, 5.30%, 4.34% of SOUTH AFRICA's imports and exports, and, respectively, were up 10.92%, up 4.32%, up 12.92%, up 18.36%, down 24.16% comparing to the same period of last year.

Current year until 202101, SOUTH AFRICA and the top five trade partners CHINA, UNITED STATES, GERMANY, JAPAN, 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 202101, SOUTH AFRICA's exports to these five countries/territories were 1116.0348 million, 694.0714 million, 663.5439 million, 519.4836 million, 418.8829 million. These values correspond to 15.39%, 9.57%, 9.15%, 7.17%, 5.78% of SOUTH AFRICA's exports and, respectively, were up 35.29%, up 19.58%, up 43.14%, up 29.09%, up 23.59% comparing with the same period of last year.

Current year until 202101, SOUTH AFRICA's exports to top five countries/territories CHINA, GERMANY, UNITED STATES, INDIA, JAPAN are the top five countries/territories that SOUTH AFRICA imports from in terms of the total export amount. During the current year until 202101, SOUTH AFRICA's imports from these five countries/territories were 1371.7573 million, 564.0063 million, 423.6388 million, 396.3969 million, 208.0097 million. These values correspond to 21.21%, 8.72%, 6.55%, 6.13%, 3.22% of SOUTH AFRICA's total imports and, respectively, were down 3.26%, down 20.91%, up 3.46%, up 7.82%, down 1.98% comparing with the same period of last year.

During the current year until 202101, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, JAPAN, UNITED KINGDOM, UNITED STATES, BOTSWANA at 376.2444 million, 311.4739 million, 289.9064 million, 270.4326 million, 237.2372 million, and down 15.31%, up 63.76%, up 115.96%, up 58.19%, down 6.15%. And the trade deficits were mainly from CHINA, INDIA, SAUDI ARABIA, THAILAND, FRANCE at 255.7224 million, 198.0136 million, 178.2283 million, 155.1590 million, 123.6338 million, and down 56.89%, down 504.14%, down 19.79%, down 5.45%, up 15.83%.

Current year until 202101, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202101,  commodities with hs2 codes, 71, 26, 27, 84, 87, were SOUTH AFRICA's top five traded commodities. They correspond to the import and export values of 1941.4437 million, 1389.4934 million, 1350.8710 million, 1251.2925 million, 921.9757 million, which were up 13.19%, up 24.70%, down 33.39%, up 2.43%, down 10.68% comparing with the same period of last year and account for 14.15%, 10.13%, 9.85%, 9.12%, 6.72% of SOUTH AFRICA's total imports and exports.

During the current year until 202101, 71, 26, 87, 27, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 1851.8138 million, 1386.6815 million, 503.1276 million, 478.7528 million, 406.6867 million. These values correspond to 25.54%, 19.13%, 6.94%, 6.60%, 5.61% of SOUTH AFRICA's total exports and, respectively, were up 18.18%, up 24.87%, up 5.68%, down 42.11%, up 16.45% comparing to the same period of last year.

During the current year until 202101, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 872.1182 million, 844.6058 million, 638.9558 million, 582.4957 million, 418.8480 million. These values correspond to 13.48%, 13.06%, 9.88%, 9.01%, 6.48% of SOUTH AFRICA's total exports and, respectively, were down 27.39%, down 3.18%, down 2.51%, down 9.24%, down 24.68% comparing to the same period of last year.


2. Current year until 202101, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202101, SOUTH AFRICA-China binational exports and imports of goods amounted to 2487.7921 million and were up 10.92% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 1116.0348 million and up 35.29%, imports from China to SOUTH AFRICA were 1371.7573 million and down 3.26%. The total binational trade deficit was 255.7224 million and down 56.89%.

During the urrent year until 202101, commodities with hs2 code, 26, 85, 84, 15, 72, were binational trade's top five traded commodities. They correspond to import and export values of 713.0097 million, 331.3215 million, 326.3536 million, 137.4211 million, 91.6934 million and makes up 28.66%, 13.32%, 13.12%, 5.52%, 3.69% of the total binational imports and exports. These values were also up 22.28%, down 6.11%, up 12.06%, up 71236.34%, down 17.92% comparing to the same period last year.

During the current year until 202101, 26, 15, 72, 74, 27 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 711.9479 million, 137.1010 million, 60.9664 million, 50.2337 million, 46.9846 million. These values account for 63.79%, 12.28%, 5.46%, 4.50%, 4.21% of SOUTH AFRICA's total exports and were up 22.13%, 0, down 32.22%, up 96.75%, up 7625.46% comparing to the same period of last year.

During the current year until 202101, 85, 84, 87, 39, 64 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 331.0054 million, 324.8172 million, 46.4102 million, 40.9350 million, 40.5457 million. These values account for 24.13%, 23.68%, 3.38%, 2.98%, 2.96% of SOUTH AFRICA's total imports and were down 6.15%, up 12.37%, down 19.75%, up 4.92%, down 28.81% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service