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Monitor Report of SOUTH AFRICA trade and SOUTH AFRICA-China binational trade in 202107

 1.  Overview the trade of SOUTH AFRICA in goods current year until 202107

According to Dalian Infobank, in 202107SOUTH AFRICA's exports and imports of goods amounted to 17431.0254 million, and were up 40.88% comparing with the same period of last year. Among these, exports were up 36.35% at 9988.6065 million, and imports were up 47.46% at 7442.4189 million. And the corresponding trade surplus was 2546.1876 million and up 11.73%.

During the current year until 202107, SOUTH AFRICA's total exports and imports of goods were 123187.7149 million and were up 51.44% comparing to the same period of last year. Among these, exports were 71647.0223 million and up 64.31%; imports were 51540.6926 million and up 36.56%. The total trade surplus was 20106.3297 million and up 242.95%.

If considering by country (region), CHINA, UNITED STATES, GERMANY, UNITED KINGDOM, JAPAN were SOUTH AFRICA's top five trading partners. During the current year until 202107, SOUTH AFRICA's imports and exports to five countries/territories were 18970.6389 million, 11229.2390 million, 10920.3773 million, 6233.2276 million, 6225.6523 million. These values correspond to 15.40%, 9.12%, 8.86%, 5.06%, 5.05% of SOUTH AFRICA's imports and exports, and, respectively, were up 49.96%, up 98.38%, up 60.32%, up 96.43%, up 114.96% comparing to the same period of last year.

Current year until 202107, SOUTH AFRICA and the top five trade partners CHINA, UNITED STATES, GERMANY, UNITED KINGDOM, JAPAN are the top five countries/territories that SOUTH AFRICA exports to in terms of the total export amount. During the current year until 202107, SOUTH AFRICA's exports to these five countries/territories were 8854.2865 million, 7776.7625 million, 6421.3183 million, 5078.9719 million, 4762.5740 million. These values correspond to 12.36%, 10.85%, 8.96%, 7.09%, 6.65% of SOUTH AFRICA's exports and, respectively, were up 73.84%, up 144.32%, up 96.88%, up 131.78%, up 162.54% comparing with the same period of last year.

Current year until 202107, 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 202107, SOUTH AFRICA's imports from these five countries/territories were 10116.3525 million, 4499.0590 million, 3452.4764 million, 2833.9005 million, 2140.9016 million. These values correspond to 19.63%, 8.73%, 6.70%, 5.50%, 4.15% of SOUTH AFRICA's total imports and, respectively, were up 33.87%, up 26.73%, up 39.35%, up 48.11%, up 56.71% comparing with the same period of last year.

During the current year until 202107, the trade surplus of SOUTH AFRICA was mainly from UNITED STATES, OTHER COUNTRIES, UNITED KINGDOM, JAPAN, BOTSWANA at 4324.2861 million, 3947.7180 million, 3924.7162 million, 3299.4958 million, 2054.4348 million, and up 512.97%, up 19.57%, up 224.54%, up 350.82%, up 40.15%. And the trade deficits were mainly from SAUDI ARABIA, THAILAND, CHINA, OMAN, ITALY at 1915.3794 million, 1398.1622 million, 1262.0660 million, 1077.2494 million, 744.7574 million, and up 62.06%, up 56.61%, down 48.77%, up 213.99%, up 20.67%.

Current year until 202107, SOUTH AFRICA's trade surplus or deficit with top five countries/territories During the current year until 202107,  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 20938.8934 million, 13750.9118 million, 11861.1346 million, 10329.0409 million, 9981.6758 million, which were up 113.14%, up 41.43%, up 79.73%, up 66.22%, up 37.60% comparing with the same period of last year and account for 17.00%, 11.16%, 9.63%, 8.38%, 8.10% of SOUTH AFRICA's total imports and exports.

During the current year until 202107, 71, 26, 87, 27, 84 were SOUTH AFRICA's top five traded commodities, with total import and export values of 20127.6207 million, 11822.0325 million, 6752.5806 million, 5741.4062 million, 3821.7116 million. These values correspond to 28.09%, 16.50%, 9.42%, 8.01%, 5.33% of SOUTH AFRICA's total exports and, respectively, were up 116.99%, up 79.67%, up 75.05%, up 46.98%, up 61.22% comparing to the same period of last year.

During the current year until 202107, 27, 84, 85, 98, 87 were SOUTH AFRICA's top five traded commodities, with total import values of 8009.5056 million, 6159.9642 million, 4667.1002 million, 4503.3695 million, 3576.4603 million. These values correspond to 15.54%, 11.95%, 9.06%, 8.74%, 6.94% of SOUTH AFRICA's total exports and, respectively, were up 37.71%, up 26.13%, up 25.20%, up 63.59%, up 51.75% comparing to the same period of last year.


2. Current year until 202107, SOUTH AFRICA binational trade profile

According to Dalian Infobank, during the current year until 202107, SOUTH AFRICA-China binational exports and imports of goods amounted to 18970.6389 million and were up 49.96% comparing with the same period of last year. Among these, exports from SOUTH AFRICA to China were 8854.2865 million and up 73.84%, imports from China to SOUTH AFRICA were 10116.3525 million and up 33.87%. The total binational trade deficit was 1262.0660 million and down 48.77%.

During the urrent year until 202107, 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 5489.8174 million, 2399.2811 million, 2259.7665 million, 1156.1846 million, 1083.0421 million and makes up 28.94%, 12.65%, 11.91%, 6.09%, 5.71% of the total binational imports and exports. These values were also up 54.01%, up 25.32%, up 44.15%, up 1937.50%, up 68.64% comparing to the same period last year.

During the current year until 202107, 26, 27, 72, 74, 71 were the top five traded commodities exported to China from SOUTH AFRICA, with export values of 5485.4907 million, 1049.1705 million, 663.1558 million, 424.3078 million, 352.8112 million. These values account for 61.95%, 11.85%, 7.49%, 4.79%, 3.98% of SOUTH AFRICA's total exports and were up 53.94%, up 8883.33%, up 29.63%, up 134.78%, up 439.03% comparing to the same period of last year.

During the current year until 202107, 85, 84, 72, 87, 29 were SOUTH AFRICA's top five traded commodities importing from China , with import values of 2388.0477 million, 2228.5863 million, 419.8863 million, 389.4313 million, 376.9050 million. These values account for 23.61%, 22.03%, 4.15%, 3.85%, 3.73% of SOUTH AFRICA's total imports and were up 25.60%, up 43.66%, up 221.34%, up 76.90%, up 34.83% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: South African Revenue Service