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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202102

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202102

According to Dalian Infobank, in 202102SOUTH AFRICA's exports and imports of goods amounted to 15412.3016 million, and were up 13.54% comparing with the same period of last year. Among these, exports were up 20.15% at 8686.9575 million, and imports were up 6.01% at 6725.3441 million. And the corresponding trade surplus was 1961.6134 million and up 121.40%.

During the current year until 202102, SOUTH AFRICA's total exports and imports of goods were 29137.9545 million and were up 4.92% comparing to the same period of last year. Among these, exports were 15960.0181 million and up 12.11%; imports were 13177.9364 million and down 2.65%. The total trade surplus was 2782.0817 million and up 298.28%.

If considering by country (region), CHINA, GERMANY, UNITED STATES, JAPAN, INDIA were SOUTH AFRICA's top five trading partners. During the current year until 202102, SOUTH AFRICA's imports and exports to five countries/territories were 5159.6917 million, 2700.8255 million, 2255.5290 million, 1429.5204 million, 1232.8780 million. These values correspond to 17.71%, 9.27%, 7.74%, 4.91%, 4.23% of SOUTH AFRICA's imports and exports, and, respectively, were up 24.57%, up 7.39%, up 12.80%, up 31.07%, down 16.57% comparing to the same period of last year.

Current year until 202102, SOUTH AFRICA and the top five trade partners CHINA, GERMANY, UNITED STATES, JAPAN, OTHER COUNTRIES are the top five countries/territories that SOUTH AFRICA exports to in terms of the total export amount. During the current year until 202102, SOUTH AFRICA's exports to these five countries/territories were 2419.1390 million, 1496.8252 million, 1476.9149 million, 1060.4304 million, 1001.7869 million. These values correspond to 15.16%, 9.38%, 9.25%, 6.64%, 6.28% of SOUTH AFRICA's exports and, respectively, were up 52.39%, up 27.14%, up 31.33%, up 49.40%, down 7.52% comparing with the same period of last year.

Current year until 202102, 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 202102, SOUTH AFRICA's imports from these five countries/territories were 2740.5527 million, 1204.0004 million, 778.6141 million, 757.0117 million, 504.1461 million. These values correspond to 20.80%, 9.14%, 5.91%, 5.74%, 3.83% of SOUTH AFRICA's total imports and, respectively, were up 7.29%, down 10.00%, down 11.02%, up 6.64%, down 14.09% comparing with the same period of last year.

During the current year until 202102, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, UNITED STATES, JAPAN, UNITED KINGDOM, BOTSWANA at 917.4197 million, 698.3008 million, 691.3404 million, 556.8876 million, 487.0022 million, and down 5.43%, up 179.85%, up 110.20%, up 128.71%, down 4.78%. And the trade deficits were mainly from SAUDI ARABIA, THAILAND, CHINA, INDIA, OMAN at 466.3292 million, 363.1846 million, 321.4137 million, 281.1454 million, 277.8537 million, and down 12.28%, up 21.16%, down 66.76%, down 584.69%, up 133.22%.

Current year until 202102, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202102,  commodities with hs2 codes, 71, 27, 26, 84, 87, were SOUTH AFRICA's top five traded commodities. They correspond to the import and export values of 4014.4206 million, 3162.9170 million, 2843.8780 million, 2532.1359 million, 2250.4596 million, which were up 24.33%, down 18.01%, up 33.68%, up 6.14%, down 5.73% comparing with the same period of last year and account for 13.78%, 10.85%, 9.76%, 8.69%, 7.72% of SOUTH AFRICA's total imports and exports.

During the current year until 202102, 71, 26, 87, 27, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 3825.8778 million, 2835.4318 million, 1426.5074 million, 1112.8208 million, 929.9830 million. These values correspond to 23.97%, 17.77%, 8.94%, 6.97%, 5.83% of SOUTH AFRICA's total exports and, respectively, were up 28.26%, up 33.60%, up 0.27%, down 25.41%, up 18.08% comparing to the same period of last year.

During the current year until 202102, 27, 84, 98, 85, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 2050.0962 million, 1602.1529 million, 1277.1732 million, 1267.4391 million, 823.9522 million. These values correspond to 15.56%, 12.16%, 9.69%, 9.62%, 6.25% of SOUTH AFRICA's total exports and, respectively, were down 13.35%, up 0.26%, up 2.47%, up 5.71%, down 14.58% comparing to the same period of last year.


2. Current year until 202102, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202102, SOUTH AFRICA-China binational exports and imports of goods amounted to 5159.6917 million and were up 24.57% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 2419.1390 million and up 52.39%, imports from China to SOUTH AFRICA were 2740.5527 million and up 7.29%. The total binational trade deficit was 321.4137 million and down 66.76%.

During the urrent year until 202102, 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 1388.6238 million, 676.4336 million, 600.4282 million, 329.4687 million, 258.7213 million and makes up 26.91%, 13.11%, 11.64%, 6.39%, 5.01% of the total binational imports and exports. These values were also up 18.79%, up 8.78%, up 22.41%, up 89218.28%, up 38.82% comparing to the same period last year.

During the current year until 202102, 26, 15, 72, 27, 74 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 1386.9618 million, 328.8652 million, 180.7798 million, 128.3499 million, 102.0097 million. These values account for 57.33%, 13.59%, 7.47%, 5.31%, 4.22% of SOUTH AFRICA's total exports and were up 18.67%, 0, up 25.13%, up 7323.64%, up 123.40% comparing to the same period of last year.

During the current year until 202102, 85, 84, 87, 64, 61 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 673.4678 million, 586.8397 million, 99.4454 million, 94.5436 million, 83.1921 million. These values account for 24.57%, 21.41%, 3.63%, 3.45%, 3.04% of SOUTH AFRICA's total imports and were up 8.41%, up 20.65%, down 1.18%, down 14.84%, down 24.09% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service