Overview: In August 2020 South Africa's Platinum exports accounted up to ZAR18.2B and imports accounted up to ZAR655M, resulting in a positive trade balance of ZAR17.5B. Between August 2019 and August 2020 the exports of South Africa's Platinum have increased by ZAR8.18B (81.7%) from ZAR10B to ZAR18.2B, while imports increased by ZAR616M (1.57k%) from ZAR39.2M to ZAR655M.
Destinations: In August 2020 Platinum exported mostly to United States (ZAR6.58B), Japan (ZAR4.63B), United Kingdom (ZAR3.54B), Hong Kong (ZAR1.25B), and Switzerland (ZAR993M), and imported mostly from Germany (ZAR537M), Italy (ZAR52M), Russia (ZAR43.5M), United Kingdom (ZAR20.6M), and Belgium (ZAR2.35M).
Growth: In August 2020, the increase in Platinum's year-by-year exports was explained primarily by an increase in exports to United States (ZAR4.01B or 156%), Japan (ZAR1.96B or 73.8%), and United Kingdom (ZAR1.5B or 73.5%). In August 2020, the increase in Platinum's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR537M or 2.29M%), Italy (ZAR13M or 33.4%), and Czechia (ZAR14.7k or 55.5%).