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. View international trade statistics by country or region to obtain the following (i) country or region's overall exports, imports and tariffs (i) details of exports and imports with various partner countries along with partner share and Most Favored Nation (MFN) and Effective Applied Tariff (AHS) tariffs imposed. South Africa has a large offset market for its coal reserves in India. And this brings us to South Africa's trade deficit of -R13.08 billion for January 2019. An import tariff is a tax imposed on imported goods and services. HIGHLIGHTS of the 2020 statistics (for the year 2019) published by South Africa’s Wine Industry Information & Systems are given below. South Africa Trade Statistics South Africa Trade Statistics. South Africa exports to United Kingdom - data, historical chart and statistics - was last updated on October of 2020. So just over 10% of South Africa's exports in May 2019 headed to China, with just over 7% heading to the United Sates. Overview: In August 2020 South Africa exported ZAR126B and imported ZAR91.3B, resulting in a positive trade balance of ZAR34.7B.Between August 2019 and August 2020 the exports of South Africa have increased by ZAR8.87B (7.58%) from ZAR117B to ZAR126B, while imports decreased by ZAR-23.9B (-20.7%) from ZAR115B to ZAR91.3B. Watch other Export Market Destination videos. So when the currency is stronger, these goods become cheaper that we import, aiding our trade balance as we not paying as much for the goods we are importing, and while we might lose out on exports due to our export prices being more expensive, the savings we get from importing goods with the stronger exchange rate more than offsets the lost money due to exports being more expensive. South Africa exports to United Kingdom was US$4.69 Billion during 2019, according to the United Nations COMTRADE database on international trade. More car pooling and greater use of public transport by South Africans. Exports in South Africa increased to 149158.09 ZAR Million in October from 135606.67 ZAR Million in September of 2020. source: South African Revenue Service. Based on the average exchange rate for 2019, the South African rand depreciated by -13.2% against the US dollar since 2015 and declined by … This statistic depicts the value of leading South African imports in 2019. Trade Balance (2019) $1,358,497,406. 1. Think of oil, machinery and equipment and cars for example. South Africa's trade balance with the rest of the world charted on a map, Value of SA's imports and exports leaving South Africa via OR Tambo International Airport, South African imports from SACU member states over time, South African exports to SACU member states, Estimating the Size of the Informal Economy, South Africa's Monetary Fiscal Policy Mix, Financial Well-being of South African Companies_2015. South Africa is the EU's largest trading partner in Africa. This export industry decline will not happen overnight or even in the next few years South Africa top 5 import partners are China (USD 16,289 million), Germany (USD 8,793 million), United States (USD 5,806 million), India (USD 4,329 million) and Saudi Arabia (USD 3,665 million) according to South Africa import statistics.These countries accounted for 44.2% of the total South Africa imports in 2019. The Bank was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade. As South Africa is still struggling to reopen some closed markets and win back market share, chicken meat exports are expected to drop further in 2019 to 45,000 tonnes. G20 exports rose marginally by 0.4% quarter‑on‑quarter while imports fell by 1.2%. Imports in South Africa averaged 21102.61 ZAR Million from 1957 until 2020, reaching an all time high of 125722.98 ZAR Million in October of 2018 and a record low of 66.10 ZAR Million in September of 1961. Value: Total Exports per varietal volume, value and rand per litre (Access Controlled) Value: Top 25 Countries by volume, value and rand per litre (Access Controlled) Overview December 2018 - November 2019 Presentation: Africa Trends (Access Controlled) Presentation: Country Trends (Access Controlled) Presentation: Cultivar Trends (Access Controlled) Information only available to registered industry members, please useyour SAWIS login details for access, apply for signupor alternatively send an email to info@sawis.co.za, © 2020    SAWIS. In January 2019 South Africa's imports and exports looked as follows: Exports: R88.68 billion; Imports: R101.76 billion: Trade deficit: R13.08 billion; Now lets look at South Africa's Top 5 import origins and Top 5 exports destinations: Imports: China 23.1%; Germany 9.2% SARS Home > Trade Statistics > Trade Statistics Dashboard > Trade Statistics Data: Note: To access the Tariff Book, ... jkhjkhkjhkh: Trade Type: Exports Imports : Focus Area: Tariffs Countries : Country: Select Trade growth could then rebound to 3.0% in 2020; however, this is dependent on an easing of trade tensions. South Africa's Revenue Service (SARS) released the latest trade statistics numbers and we take a look at South Africa's top 5 trading partners for both imports and exports as well as covering the value of our exports and imports for  February 2020. GDP falls by 2,0%. Exports of South Africa increased from 3,904 million US dollars in 1970 to 104,845 million US dollars in 2019 growing at an average annual rate of 7.96%. In the first half of 2019, that rose to 60%. Imports in South Africa increased to 113026.61 ZAR Million in October from 102245.01 ZAR Million in September of 2020. Struggling consumers are more conscious about their driving habits and drive less often in order to save on petrol. I.e. In 2019, exports for South Africa was 104,845 million US dollars. For the full reports, click here and here. Total EU exports in September increased by €1,424 million (+34%) compared with September 2019. we will import it regardless of price, as we need the goods. Merchandise Trade statistics data for South Africa (ZAF) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. South Africa's exports to the EU are growing and the composition of these exports is becoming more diverse. Intra-Africa exports account for 26% of South Africa's total exports and imports for 12% of total imports for 2018. 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. The EU accounted for €5,586 million (40%) of total goods exports in September 2020 of which €1,886 million went to Germany and €1,193 million went to Belgium. 3. The answer to that question is coal. African Export-Import Bank - Transforming Africa's Trade. South Africa’s Top 5 Import Partners. Imports in South Africa averaged 21102.61 ZAR Million from 1957 until 2020, reaching an all time high of 125722.98 ZAR Million in October of 2018 and a record low of 66.10 ZAR Million in September of 1961. Conversely some 12% of Africa’s cotton imports is accounted for by primary intermediates; 16%, by yarn; and as much as 72%, by cotton fabrics. South African exports out of Richards Bay Coal Terminal (RBCT) went to India, a nation with a clearly stated policy of reducing reliance on coal imports. Boasting one of the most pro-business environments in Africa, South Africa is a logical and attractive option for U.S. companies seeking to enter the Sub-Saharan Africa marketplace. Haile Selassie Avenue P.O Box 60000 - 00200 Nairobi, Kenya +254 20 286 0000 +254 20 286 1000 +254 20 286 3000 +254 709 081 000 +254 709 083 000 comms@centralbank.go.ke International trade in goods - Exports 2001-2019 Overview; Trade statistics; Tariffs and market requirements; Foreign direct investment data Source: Authors’ illustrations based on International Monetary Fund Direction of Trade Statistics (IMF DOTS), accessed January 2019. Also, South Africa’s exports to Eritrea for July 2020 are four times exports for July 2019 and more than double the exports for June 2020. Total Imports (2019) $88,037,490,927. From the above list, the fastest-growing importing countries from 2018 to 2019 were Mozambique (up 13%), Belgium (up 12.1%), China (up 11.2%) then Germany (up 4.8%). As South Africa is still struggling to reopen some closed markets and win back market share, chicken meat exports are expected to drop further in 2019 to 45,000 tonnes. Well South Africa imports goods for which demand is relatively inelastic. Imports of goods and services (% of GDP) (2019) [2] South Africa is the most advanced, diversified, and productive economy in Africa. globalEDGE - Your ... South Africa is home to a variety of animals including hippopotamus, giraffes, lions, and leopards. According to Africa trade data, the value of commodities exported by African countries totalled USD 440.6 billion in 2019, while products imported totalled USD 523.1 billion. We suspect it a combination of all 3 of these elements. South Africa exports for 2016 was $90.63B, a 5.37% decline from 2015. South Africa’s intra-Africa exports and imports amounted to US$24 billion and US$10.2 billion in 2019, respectively. And those wondering what South Africa exports to India to make India South Africa's 5th biggest trading partner for November 2019. Nigeria is one of South Africa's biggest suppliers of crude oil, together with Saudi Arabia and Angola. Value: Total Exports per varietal volume, value and rand per litre (Access Controlled) Value: Top 25 Countries by volume, value and rand per litre (Access Controlled) Overview October 2018 - September 2019 Presentation: Africa Trends (Access Controlled) Presentation: Country Trends (Access Controlled) Presentation: Cultivar Trends (Access Controlled) How has the Coronavirus pandemic affected South Africa's trade with the rest to the world? Total Exports (2019) $89,395,988,333. So why is this? The surplus narrowed to 12.5 billion rand ($880 million) from a revised record 18.4 billion rand in May, the Pretoria-based South African Revenue Service said in an e-mailed statement on Friday. Intra-African trade accounts for only 15% of cotton exports and 12% of imports and for 10% of the continent’s apparel exports, and 17% of its imports. Assuming an annualized $79.6 billion in exports for all 2020, South Africa is on track for an estimated -12% drop in value for its shipments from 2019 to 2020. A member of the African Caribbean Pacific group of countries, South Africa is by far the strongest of sub-Saharan Africa's economies. This article is based on the USDA’s GAIN report, South Africa Continues Positive Trend in Chicken Meat Imports as Government Considers Increasing Tariff. Exports of goods and services (% of GDP) (2019) [2] 29.85%. Stronger Rand lowering cost of importing crude oil, Quick peek at South Africa's five biggest trading partners, Imports and Exports contribution to total GDP of South Africa. 28/05/2019 - Growth in G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, remained weak in the first quarter of 2019. Between August 2019 and August 2020 the exports of South Africa have increased by ZAR8.87B (7.58%) from ZAR117B to ZAR126B, while imports decreased by ZAR-23.9B (-20.7%) from ZAR115B to ZAR91.3B. South Africa exports for 2019 was $104.92B, a 4.75% decline from 2018. 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. Roughly two-thirds (67.3%) of South African exports in 2019 were delivered to the above 15 trade partners. Trade: In August 2020 the top exports of South Africa were Platinum (ZAR18.2B), Gold (ZAR11.9B), Iron Ore (ZAR8.21B), Cars (ZAR6.82B), and Citrus (ZAR6. Almost 90% of South Africa's exports to the rest of Africa go to the SADC economies. Different rates of duty are applicable to different goods or commodities. Imports. Leading services exports from the U.S. to South Africa were in the travel, intellectual property (industrial processes), and transport sectors. South Africa top 5 import partners are China (USD 16,289 million), Germany (USD 8,793 million), United States (USD 5,806 million), India (USD 4,329 million) and Saudi Arabia (USD 3,665 million) according to South Africa import statistics.These countries accounted for 44.2% of the total South Africa imports in 2019. The year-to-date (01 January to 31 July 2019) trade deficit of R4.35 billion is a deterioration from the R3.81 billion deficit for the comparable period in 2018. About Afreximbank . For July 2020, 89 percent of South Africa’s imports were sourced from countries outside the African continent, mainly from traditional … Cars are becoming more fuel efficient thus less crude oil required to produce petrol as less petrol is being used, 2. South Africa exports for 2018 was $110.14B, a 6.35% increase from 2017. South Africa exports for 2017 was $103.56B, a 14.27% increase from 2016. Geographic breakdown of goods exports and imports.     Developed & Maintained by, Africa Islands Exports per varietal volume, Value: Total Exports by varietal volume, value and rand per litre (Access Controlled), Value: Top 25 Countries by volume, value and rand per litre (Access Controlled), Presentation: Africa Trends (Access Controlled), Presentation: Country Trends (Access Controlled), Presentation: Cultivar Trends (Access Controlled), Value: Total Exports per varietal volume, value and rand per litre (Access Controlled), Africa Islands Exports per varietal volume, SAWIS login details for access, apply for signup. 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. This article is based on the USDA’s GAIN report, South Africa Continues Positive Trend in Chicken Meat Imports as Government Considers Increasing Tariff. World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. See top 5 importer and exporter countries in Africa with their values. ver 3 (live)    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. WTO economists expect merchandise trade volume growth to fall to 2.6% in 2019 — down from 3.0% in 2018. ... Total Exports (2019) $89,395,988,333 : Total Imports (2019) $88,037,490,927 The declining imports of crude oil could point to a few things. The top 5 export destinations for South African exports during May 2019: China (11.0%) United States (7.2%) Germany (6.8%) United Kingdom (6.1%) Japan (5.4%) So just over 10% of South Africa's exports in May 2019 headed to China, with just over 7% heading to the United Sates. And with electric cars gaining more traction we suspect that this declining trend in volume of crude oil imports in South Africa will continue. Once the goods to be imported has been identified, particulars can be provided to South African Revenue Service (Customs) at tel: +27 (0)12 422 4000, who will advise on the relevant tariff heading and applicable duty (including VAT payable). [Note] Export and import data from 1979 ; CSV files; Value Unit : JPY1000; Data of an area include both the total value of the area and the value by individual member country of the area. Published by Erin Duffin, Feb 21, 2020 This statistic depicts the value of leading South African exports in 2019. SA Wine Production, Sales • Annual grape harvest: 1.2 million tons crushed (vs 1.2m in 2018, vs 1.4m in 2017, vs 1.4m in 2016, vs 1.4m in 2015) South Africa recorded a second consecutive monthly trade surplus in June as exports of vegetable products climbed, while oil imports also rose. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). And for those wondering why South Africa imports so much from Nigeria or wondering what exactly we are importing from Nigeria, the answer is oil. Trade Map is free to use and provides trade statistics and market access information for export development. U.S. exports of services to South Africa were an estimated $2.6 billion in 2019, 2.4% ($61 million) more than 2018, and 6.0% greater than 2009 levels. Apart from Nigeria, South Africa’s main African trading partners are the fellow members of SADC (and therefore SACU). 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