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South Africa's trade data reflects its active engagement in international commerce. As of June 2024, the country reported exports worth approximately R171.95 billion and imports valued at around R147.72 billion, resulting in a positive trade balance. The top export destinations include China, the United States, and Germany, while the majority of imports come from China, Germany, and India. This data is crucial for understanding South Africa's economic interactions and the global market's dynamics.
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South Africa’s top 10 trading partners based on export sales in 2023:
China: $12.5 billion (12.3% of total South African exports)
United States: $8.4 billion (8.3%)
Germany: $7.8 billion (7.7%)
Mozambique: $6.2 billion (6.1%)
Japan: $5.8 billion (5.7%)
United Kingdom: $5.3 billion (5.2%)
India: $5.04 billion (5%)
Netherlands: $4.3 billion (4.2%)
Botswana: $4.2 billion (4.1%)
Belgium: $3.7 billion (3.7%)
South Africa’s top 10 trade industries:
Gems and precious metals
Ores, slag, and ash
Vehicles
Mineral fuels including oil
Iron and steel
Machinery including computers
Fruits and nuts
Aluminum
Electrical machinery and equipment
Cereals
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