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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202104

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202104

According to Dalian Infobank, in 202104SOUTH AFRICA's exports and imports of goods amounted to 18870.3302 million, and were up 151.99% comparing with the same period of last year. Among these, exports were up 304.20% at 11214.6372 million, and imports were up 62.41% at 7655.6930 million. And the corresponding trade surplus was 3558.9441 million and down 283.51%.

During the current year until 202104, SOUTH AFRICA's total exports and imports of goods were 67115.8053 million and were up 40.25% comparing to the same period of last year. Among these, exports were 38572.1392 million and up 61.01%; imports were 28543.6661 million and up 19.43%. The total trade surplus was 10028.4731 million and up 17686.54%.

If considering by country (region), CHINA, GERMANY, UNITED STATES, UNITED KINGDOM, JAPAN were SOUTH AFRICA's top five trading partners. During the current year until 202104, SOUTH AFRICA's imports and exports to five countries/territories were 10619.1369 million, 6196.5593 million, 5844.8808 million, 3373.2986 million, 3025.7199 million. These values correspond to 15.82%, 9.23%, 8.71%, 5.03%, 4.51% of SOUTH AFRICA's imports and exports, and, respectively, were up 54.93%, up 38.41%, up 73.99%, up 91.81%, up 73.12% comparing to the same period of last year.

Current year until 202104, SOUTH AFRICA and the top five trade partners CHINA, UNITED STATES, GERMANY, UNITED KINGDOM, 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 202104, SOUTH AFRICA's exports to these five countries/territories were 5050.9997 million, 4073.7688 million, 3542.4019 million, 2733.2351 million, 2601.7013 million. These values correspond to 13.09%, 10.56%, 9.18%, 7.09%, 6.75% of SOUTH AFRICA's exports and, respectively, were up 95.41%, up 124.85%, up 73.66%, up 148.67%, up 47.37% comparing with the same period of last year.

Current year until 202104, 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 202104, SOUTH AFRICA's imports from these five countries/territories were 5568.1372 million, 2654.1574 million, 1771.1120 million, 1581.0433 million, 1141.7115 million. These values correspond to 19.51%, 9.30%, 6.20%, 5.54%, 4.00% of SOUTH AFRICA's total imports and, respectively, were up 30.43%, up 8.91%, up 14.44%, up 32.85%, up 3.19% comparing with the same period of last year.

During the current year until 202104, the trade surplus of SOUTH AFRICA was mainly from OTHER COUNTRIES, UNITED STATES, UNITED KINGDOM, JAPAN, BOTSWANA at 2417.6468 million, 2302.6568 million, 2093.1716 million, 1388.4528 million, 1143.0242 million, and up 48.23%, up 771.50%, up 376.13%, up 331.40%, up 35.69%. And the trade deficits were mainly from SAUDI ARABIA, THAILAND, OMAN, CHINA, FRANCE at 1033.3535 million, 816.5156 million, 538.2490 million, 517.1375 million, 428.6435 million, and up 3.43%, up 32.28%, up 169.68%, down 69.30%, up 10.21%.

Current year until 202104, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202104,  commodities with hs2 codes, 71, 27, 26, 87, 84, were SOUTH AFRICA's top five traded commodities. They correspond to the import and export values of 10889.1145 million, 7673.6301 million, 6332.1519 million, 5541.2956 million, 5460.0165 million, which were up 104.57%, up 18.17%, up 77.08%, up 36.20%, up 35.14% comparing with the same period of last year and account for 16.22%, 11.43%, 9.43%, 8.26%, 8.14% of SOUTH AFRICA's total imports and exports.

During the current year until 202104, 71, 26, 87, 27, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 10481.8557 million, 6305.2890 million, 3687.3152 million, 3418.8271 million, 2088.3615 million. These values correspond to 27.17%, 16.35%, 9.56%, 8.86%, 5.41% of SOUTH AFRICA's total exports and, respectively, were up 110.52%, up 76.93%, up 55.55%, up 44.83%, up 70.23% comparing to the same period of last year.

During the current year until 202104, 27, 84, 98, 85, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 4254.8030 million, 3371.6550 million, 2741.4412 million, 2716.7368 million, 1853.9804 million. These values correspond to 14.91%, 11.81%, 9.60%, 9.52%, 6.50% of SOUTH AFRICA's total exports and, respectively, were up 2.95%, up 19.83%, up 26.66%, up 31.11%, up 9.18% comparing to the same period of last year.


2. Current year until 202104, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202104, SOUTH AFRICA-China binational exports and imports of goods amounted to 10619.1369 million and were up 54.93% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 5050.9997 million and up 95.41%, imports from China to SOUTH AFRICA were 5568.1372 million and up 30.43%. The total binational trade deficit was 517.1375 million and down 69.30%.

During the urrent year until 202104, commodities with hs2 code, 26, 85, 84, 27, 72, were binational trade's top five traded commodities. They correspond to import and export values of 2941.6368 million, 1396.8609 million, 1213.4449 million, 826.2625 million, 601.3866 million and makes up 27.70%, 13.15%, 11.43%, 7.78%, 5.66% of the total binational imports and exports. These values were also up 56.48%, up 34.77%, up 44.59%, up 1905.08%, up 90.80% comparing to the same period last year.

During the current year until 202104, 26, 27, 72, 74, 71 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 2939.1280 million, 781.6065 million, 412.6670 million, 243.8396 million, 210.4242 million. These values account for 58.19%, 15.47%, 8.17%, 4.83%, 4.17% of SOUTH AFRICA's total exports and were up 56.41%, up 17674.95%, up 72.24%, up 204.54%, up 621.41% comparing to the same period of last year.

During the current year until 202104, 85, 84, 87, 72, 29 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 1387.2359 million, 1190.9780 million, 209.7161 million, 188.7196 million, 187.7158 million. These values account for 24.91%, 21.39%, 3.77%, 3.39%, 3.37% of SOUTH AFRICA's total imports and were up 34.09%, up 43.22%, up 45.64%, up 149.59%, up 42.88% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service