Trade Trend

In 2023, South Africa's total export value is 110.51Billion USD, total import value is 107.30Billion USD, Surplus is 3.21Billion USD, and foreign trade dependency is 0.577. In 2023，South Africa's top export products are Platinum; unwrought or in semimanufactured forms, or in powder form(10.71Billion USD), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(7.69Billion USD), Iron ores and concentrates; including roasted iron pyrites(6.59Billion USD), top export destinations are China(12.40Billion USD), United States(8.40Billion USD), Germany(7.67Billion USD). In 2023, South Africa's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(15.29Billion USD), Commodities not specified according to kind(8.74Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(4.80Billion USD), top import origins are China(21.95Billion USD), United States(9.17Billion USD), Germany(8.67Billion USD).

Comparing to 2022, South Africa's total export value decreased -12.75Billion USD(-10.34%) in 2023, this could result from its export decreases of products such as Platinum; unwrought or in semimanufactured forms, or in powder form(-6.12Billion USD or -36.35%), Coal; briquettes, ovoids and similar solid fuels manufactured from coal(-5.59Billion USD or -42.09%), Coin(-988.30Million USD or -62.70%) and export decreases to countries/economics such as Japan(-2.79Billion USD or -32.70%), United States(-2.47Billion USD or -22.71%), Germany(-2.39Billion USD or -23.73%). Comparing to 2022, South Africa's total import value decreased -3.82Billion USD(-3.44%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-2.90Billion USD or -15.96%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(-374.98Million USD or -8.41%), Fertilizers; mineral or chemical, nitrogenous(-373.92Million USD or -44.71%), and its import decreases from countries/economies such as Saudi Arabia(-1.40Billion USD or -30.79%), Turkey(-882.85Million USD or -48.70%), Kuwait(-457.02Million USD or -66.07%).

Cumulated to first 7 months of 2024, South Africa's total export value is 39.59Billion USD, total import value is 35.50Billion USD, and tradesurplus is 4.09Billion USD. Cumulated to first 7 months of 2024, South Africa's top export products are Platinum; unwrought or in semimanufactured forms, or in powder form(4.00Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.85Billion USD), Iron ores and concentrates; including roasted iron pyrites(2.68Billion USD), and top export destinations are China(6.96Billion USD), United States(3.58Billion USD), None(2.29Billion USD). Cumulated to first 7 months of 2024, South Africa's top import products are Platinum; unwrought or in semimanufactured forms, or in powder form(4.00Billion USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(3.85Billion USD), Iron ores and concentrates; including roasted iron pyrites(2.68Billion USD), and top import origins areChina(8.42Billion USD), Germany(2.63Billion USD), United States(2.52Billion USD).