South Africa: Imports South Africa’s primary import commodities include machinery and equipment, chemicals, petroleum products, scientific instruments, and food materials. South African exports to the rest of Africa are predominantly of value-added goods. The joys of drinking coffee are beautifully expressed in Johann Sebastian Bach’s Coffee Cantata, which read more », Industry growth rates depend on many factors, and the South African manufacturing industry is no exception. South Africa top 10 imports are Mineral Fuels & Oils (16.7%), Machinery (12.7%), Electronics (9.7%), Vehicles (7.9%), Plastics (2.8%), Pharma Products (2.7%), Optical, Photographic, Medical Equipment (2.5%), Miscellaneous Chemical Products (1.8%), Organic Chemicals (1.6%) and Printed Books, Newspapers & Pictures (1.4%). In 2018, South Africa exported and imported goods to and from the rest of Africa to the value of US$25 billion and US$11.5 billion, respectively. South Africa imported $83.2 billion worth of products in 2017. The amount of debt held by the formal business sector1 was up 5,9% in 2016 compared with 2015. The surplus resulted from a decrease in imports of 13.73% and a decrease in exports of 1.08%. Consumer price index (CPI), Producer price index (PPI), Government finance: national and provincial government, Supply and use tables, Satellite accounts, Regional GDP, Gross domestic product (GDP), expenditure. Export opportunities for South Africa in selected African countries While there has been some progress in expanding non-traditional exports, much of the growth recorded over the period was due to the commodities boom and rising prices, with five of the top six African exporters in 2012 China-Africa bilateral trade has been steadily increasing for the past 16 years. Large exports for South Africa is shown in Chapter 26 -Ores. Africa as a whole has in the recent past enjoyed tremendous growth in both the economic and social sectors. As mentioned earlier in the article the United States regulary features under the top 3 trading partners for South Africa. The following product groups represent the highest dollar value in South Africa’s import purchases during 2019. Intra-Africa exports account for 26% of South Africa's total exports and imports for 12% of total imports for 2018. The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. The HS coding system breaks items down in various chapters. Direct access to our calendar releases and historical data. For July 2020, 89 percent of South Africa’s imports were sourced from countries outside the African continent, mainly from traditional sources including China, Germany, the US and India. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. EXPORT. Perhaps the second quarter of 2020 will become known as the pandemic quarter. The UK ran a trade in goods and services deficit with South Africa in all periods between 2004 and 2010, which averaged £1.2 billion. In 2018 South Africa was the number 32 economy in the world in terms of GDP (current US$), the number 36 in total exports, the number 37 in total imports, and the number 59 most complex economy according to the Economic Complexity Index (ECI). Main trading partners are: China (18.3 percent), Germany (11.5 percent), United States (6.6 percent), India (4.7 percent), Saudi Arabia (4.6 percent) and Japan (3.4 percent). The data reached an all-time high of 10.1 USD bn in Sep 2011 and a record low of 2.8 USD bn in Apr 2020. Total debt amounted to R5,7 trillion in 2016. The following link to the Department of Trade and Industry gives an overview of the total imports and exports between South Africa and Israel. Total Exports prior to January 2010 exclude Botswana, Lesotho, Namibia and Swaziland. In 2018 Zimbabwe was the number 100 economy in the world in terms of GDP (current US$), the number 115 in total exports, the number 122 in total imports, and the number 101 most complex economy according to the Economic Complexity Index (ECI). Stats SA’s Quarterly Financial Statistics (QFS) report, which provides regular updates on the financial state and makeup of South Africa’s read more », To bean or not to bean – a look at the price of your cup of coffee Coffee. In June 2020, government announced the roll-out of an extensive infrastructure investment drive that would cover 55 projects across six sectors. Exports in South Africa averaged 21501.87 ZAR Million from 1957 until 2020, reaching an all time high of 149158.09 ZAR Million in October of 2020 and a record low of 55.80 ZAR Million in August of 1958. The only other region with a higher export dependence on the rest of the world is Oceania. All industries recorded an increase in economic activity compared with the second quarter, with manufacturing, trade and mining leading the charge. Who was responsible for generating this amount? According to Africa imports and exports statistics, it ranks highly on the list of top importers. Gross … South Africa’s shipments of plastics including articles made from plastic posted the third-fastest gain in value up by 0.01%. South Africa has traditionally been the UK’s largest export and import market in Africa. This, in turn, is essential to fostering social and economic development. 2015 statistics for the South African wine industry announced in 2016 - size, structure, production, sales, exports, imports. by country: imports or exports; Trade in Services Statistics 2000-2018 . The results presented here cover the period 1 January 2020 to 31 March read more », After shrinking sharply in the first quarter of 2019, the economy rebounded from a low base to record positive growth of 3,1%1 in the second quarter (April−June). The cup that jumpstarts your morning. 2015 statistics for the South African wine industry announced in 2016 - size, structure, production, sales, exports, imports. The leading decliner among South Africa’s top 10 export categories was iron and steel which fell … SARS Database with the top 10 import and export products in 2008 (2007 and 2006 are also available). In the latest reports, South Africa's Total Exports grew 23.1 % YoY in Sep 2020. 1957-2020 Data | 2021-2022 Forecast | Historical | Chart | News. This page provides forecast and historical data, charts, statistics, news and updates for South Africa Imports of Goods. South Africa's Trade Balance recorded a surplus of 2.0 USD bn in Sep 2020. The South African economy recorded its third consecutive quarter of economic decline, falling by 2,0% (seasonally adjusted and annualised) in the first quarter of 2020.1 This followed a contraction of -1,4% and -0,8% in the fourth and third quarters of 2019, respectively. SOUTH AFRICA IMPORT. Manufacturing production increased by 1,2% in 2018 compared with 2017, according to Stats SA’s read more », South African businesses are borrowing more money. Nigeria is the most populous country on the continent. Mining was the strongest performer read more », The manufacturing industry rebounded in 2018, recording its highest annual growth rate in five years. The food and beverages and automotive divisions were the major drivers behind the rise. This is an increase by 11.3% but decreased by -19.5% since 2013 due to dollar effect. Consumer inflation dips slightly lower to 3,2%, GDP rallies as lockdown restrictions ease, Statistics South Africa to release the Gross Domestic Product (GDP), 3rd Quarter 2020. Others include: the UK, Thailand, Italy and France. the months of April, May and June. Total Exports (2019) $89,395,988,333 : Total Imports (2019) $88,037,490,927 : Trade Balance (2019) $1,358,497,406 : Exports of goods and services (% of GDP) (2019) 29.85%: Imports of goods and … 7 Introduction This is the first edition of the South Africa Trade Report 2014. According to Africa imports and exports statistics, it ranks highly on the list of top importers. Trade data Trade statistics on South Africa from the South African Revenue Service can be downloaded here. Gross domestic product (GDP) fell by just over 16% between the read more », The South African economy recorded its third consecutive quarter of economic decline, falling by 2,0% (seasonally adjusted and annualised) in the first quarter of 2020.1 This followed a contraction of -1,4% and -0,8% in the fourth and third quarters of 2019, respectively. Download historical data for 20 million indicators using your browser. In 2017, the main export partner of South Africa was China, with a share of 9.5 percent in exports. "The South African chicken industry is in trouble because imports have grabbed nearly 30% of the local market. Trade data Trade statistics on South Africa from the South African Revenue Service can be downloaded here. CUSTOMS DATA. The economy of South Africa is the second largest in Africa. email; facebook 0; linkedin; twitter; The Africa trade is dominated by diverse natural resources that the continent enjoys in abundance. By transforming the large volume of primary trade data into an accessible, user-friendly, web-based format, Trade Map provides indicators on export performance, international demand, alternative markets and the role of competitors. South Africa’s overall intra-Africa exports more than halved between March and April 2020, but intra-Africa exports of crude soya bean oil and sugar in solid form each doubled and exports of disinfectants increased by US$4.4 million. Table 5.24: SA vs China and India’s exports to Africa 82 Table 6.1: Forecast GDP growth rate 83 Table 6.2: Forecast growth rate for imports 84 Table 6.3: Drivers of export growth in South Africa 84 Table 6.4: Drivers of South Africa’s import growth 86 . Value of leading exports from South Africa 2019 Published by Erin Duffin, Feb 21, 2020 This statistic depicts the value of leading South African exports in 2019. As can be seen from the graphic above the majority of South Africa's trade with the rest of the world seems to be clustered around a few specific product types, as they make up the bulk of the value of South Africa's exports and imports. The latest available country-specific data shows that 61.7% of products exported from South Africa were bought by importers in: China (10.7% of the global total), Germany (8.3%), United States (7%), United Kingdom (5.2%), Japan (4.8%), India (4.6%), Botswana (4.5%), Mozambique (4.1%), Namibia (4%), Netherlands (3.2%), Belgium (3%) and Zambia (2.3%). China stood as the largest trading country both in terms of imports and exports among BRICS nations and in the world as well. So trade is an extremely import part of the South African economy. South Africa Import Trade Statistics provides the Market Trends & Size details of South Africa. However, following an increase in UK service exports in 2011, the UK began recording a trade surplus, which stood at £0.6 billion in 2014. read more », The formal business sector, excluding agriculture and financial intermediation, generated R2,3 trillion in turnover during the second quarter of 2017, i.e. However, manufacturers in communication equipment, electrical machinery and clothing failed to perform. However, trade varies from one country to another. South Africa’s Top 5 Import Partners . Annual production in 2007 was 535,000 vehicles, out of a global production of 73 million units in the same year. South Africa Shares Little Changed on Monday, South Africa Consumer Confidence Recovers Further in Q4, South Africa Building Permits Fall for 7th Month, South Africa Factory Activity Shrinks at Faster Pace, South Africa Posts Widest Current Account Surplus on Record, South Africa Mining Output Falls the Most in 4 Months, South Africa Retail Sales Fall Less than Expected, South Africa SACCI Business Morale at Over 1-1/2-Year High, South Africa Inflation Rate Slows to 3.2% in November, Brazil Economic Activity Recovery Slows in October, India Inflation Rate Slows More Than Forecast, Swiss Franc Appreciates to Near 6-Year High, Greek Construction Output Drops 3% YoY in Q3. South Africa’s trade, exports and imports are heavily dependent on the nation’s natural resources and the government’s highly liberal trade incentives. Exports. Merchandise Trade summary statistics data for South Africa (ZAF) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year The share of exports from Africa to the rest of the world ranged from 80% to 90% in 2000 –2017. The following chart shows the distribution of South Africa’s import partners. Figure 1 shows the severe impact of the global read more », Press statement Embargo: Tuesday 06 September 2016, 11:30 GDP in the second quarter of 2016 grew by 3,3% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) growth rate was 3,3% in the second quarter of 2016.1 The main contributors to the GDP growth rate were the manufacturing industry and read more ». The lack thereof creates zombies in offices across the world daily. Publish your articles and forecasts in our website. Businesses were supported by an increase in both exports and household spending. South Africa imported $83.2 billion worth of products in 2017. The state of the local and global economy and the rand exchange rate are some of the factors that are watched closely when assessing the performance of manufacturing production. Retail, wholesale, motor, food & beverages, tourist accommodation, Structural industry statistics (large sample surveys of industries, Population Statistics (Census and Community Survey), Labour Statistics- Quarterly Labour Force Survey (QLFS), Tourism Statistics (Domestic Tourism Survey), Crime and Safety Statistics (Victims of Crime Survey), Service Delivery Statistics (General Household Survey), Transport Statistics (National Travel Survey). Exports in South Africa increased to 149158.09 ZAR Million in October from 135606.67 ZAR Million in September of 2020. South Africa main imports are: machinery (23.5 percent of total imports), mineral products (15.1 percent), vehicles and aircraft vessels (10 percent), chemicals (10.9 percent), equipment components (8.1 percent) and iron and steel products (5.3 percent). Merchandise Trade summary statistics data for South Africa (ZAF) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year , and diversified economy on the rest of the South African economy in Apr 2020 value-added goods will be confidential. ’ s shipments of plastics including articles made from plastic posted the third-fastest gain in value up by %... 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