Cars in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $6.89B in Cars, making it the 21st largest exporter of Cars in the world. At the same year, Cars was the 4th most exported product in South Africa. The main destination of Cars exports from South Africa are: Germany ($3.1B), United States ($1B), Japan ($657M), Australia ($231M), and Chinese Taipei ($163M).

The fastest growing export markets for Cars of South Africa between 2021 and 2022 were Japan ($412M), Germany ($232M), and United States ($203M).

Imports In 2022, South Africa imported $4.62B in Cars, becoming the 30th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in South Africa. South Africa imports Cars primarily from: India ($1.24B), Germany ($666M), China ($529M), Japan ($431M), and Spain ($316M).

The fastest growing import markets in Cars for South Africa between 2021 and 2022 were China ($342M), India ($296M), and United States ($157M).

COMPANIES In 2023, leading companies such as LOBLAWS INC. (14) were at the forefront of shipping Cars from South Africa to the United States.

Latest Trends

January 2024

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Overview In January 2024 South Africa's Cars exports accounted up to ZAR2.94B and imports accounted up to ZAR4.04B, resulting in a negative trade balance of ZAR1.11B. Between January 2023 and January 2024 the exports of South Africa's Cars have increased by ZAR363M (14.1%) from ZAR2.57B to ZAR2.94B, while imports decreased by ZAR-3.43B (-45.9%) from ZAR7.48B to ZAR4.04B.

Destinations In January 2024, Cars were exported mostly to United States (ZAR1.46B), Germany (ZAR691M), United Kingdom (ZAR274M), Australia (ZAR127M), and Botswana (ZAR95M), and were imported mostly from India (ZAR1.63B), China (ZAR541M), Germany (ZAR435M), Japan (ZAR238M), and Spain (ZAR209M).

Growth In January 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Germany (ZAR106M or 5.29%), Zambia (ZAR16.8M or 50.4%), and Tanzania (ZAR11.5M or 216%). In January 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from Germany (ZAR-295M or -31.2%), Spain (ZAR-175M or -29.1%), and Japan (ZAR-117M or -23.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)ZAR363M(14.1%)

IMPORT GROWTH (January 2023 - January 2024)ZAR-3.43B(-45.9%)

MAIN EXPORTER (January 2024)East LondonZAR1.55B

MAIN DESTINATION (January 2024)United StatesZAR1.46B

This section shows Cars's exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$6.89B

IMPORTS (2022)$4.62B

NET TRADE (2022)$2.26B

In 2022, South Africa exported $6.89B in Cars. The main destinations of South Africa exports on Cars were Germany ($3.1B), United States ($1B), Japan ($657M), Australia ($231M), and Chinese Taipei ($163M).

In 2022, South Africa imported $4.62B in Cars, mainly from India ($1.24B), Germany ($666M), China ($529M), Japan ($431M), and Spain ($316M).

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