China / South Africa

Overview In February 2024, China exported $1.47B and imported $2.28B from South Africa, resulting in a negative trade balance of $812M. Between February 2023 and February 2024 the exports of China have decreased by $-47.7M (-3.14%) from $1.52B to $1.47B, while imports decreased by $-1.08B (-32%) from $3.36B to $2.28B.

Trade In February 2024, the top exports of China to South Africa were Refined Petroleum ($155M), Electric Batteries ($97M), Telephones ($94.9M), Electrical Transformers ($73.6M), and Cars ($69.5M). In February 2024 the top imports of China from South Africa were Gold ($688M), Iron Ore ($349M), Chromium Ore ($182M), Manganese Ore ($134M), and Ferroalloys ($126M).

Origins In February 2024 the exports of China were mainly from Zhejiang Province ($302M), Guangdong Province ($275M), Jiangsu Province ($183M), Shandong Province ($134M), and Fujian Province ($103M), while imports destinations were mainly Beijing ($507M), Shanghai Province ($432M), Guangdong Province ($257M), Hunan Province ($163M), and Zhejiang Province ($146M).

Growth In February 2024, the decrease in China's year-by-year exports to South Africa was explained primarily by an decrease in product exports in Telephones ($-35.9M or -27.4%), Other Furniture ($-22.6M or -40.3%), and Coated Flat-Rolled Iron ($-20.5M or -50.9%). In February 2024, the decrease in China's year-by-year imports  from South Africa was explained primarily by an decrease in product imports  in Iron Ore ($-209M or -37.4%), Coal Briquettes ($-184M or -74.5%), and Gold ($-175M or -20.3%).