Overview In August 2022 South Africa's Cars exports accounted up to ZAR6.07B and imports accounted up to ZAR5.13B, resulting in a positive trade balance of ZAR937M. Between August 2021 and August 2022 the exports of South Africa's Cars have increased by ZAR254M (4.37%) from ZAR5.81B to ZAR6.07B, while imports increased by ZAR1.13B (28.4%) from ZAR3.99B to ZAR5.13B.
Destinations In August 2022, Cars were exported mostly to Germany (ZAR3.22B), United States (ZAR962M), Japan (ZAR430M), Australia (ZAR246M), and Spain (ZAR197M), and were imported mostly from India (ZAR2.04B), Japan (ZAR764M), Germany (ZAR513M), United States (ZAR467M), and Portugal (ZAR278M).
Growth In August 2022, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to France (ZAR19.9M or 334%), Namibia (ZAR13M or 53.7%), and Malaysia (ZAR13M or 280%). In August 2022, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Japan (ZAR190M or 45.8%), Indonesia (ZAR87.9M or 1.26k%), and United Kingdom (ZAR45.9M or 37.5%).