Overview: In July 2020 South Africa exported ZAR118B and imported ZAR85B, resulting in a positive trade balance of ZAR33.1B. Between July 2019 and July 2020 the exports of South Africa have increased by ZAR9.23B (8.47%) from ZAR109B to ZAR118B, while imports decreased by ZAR-30.7B (-26.6%) from ZAR116B to ZAR85B.
Trade: In July 2020 the top exports of South Africa were Platinum (ZAR12.5B), Coal Briquettes (ZAR9.25B), Gold (ZAR8.72B), Iron Ore (ZAR6.59B), and Refined Petroleum (ZAR4.57B). In July 2020 the top imports of South Africa were Crude Petroleum (ZAR6.73B), Commodities not elsewhere specified (ZAR5.1B), Other Cloth Articles (ZAR3.81B), Telephones (ZAR3.36B), and Computers (ZAR3.03B).
Origins: In July 2020 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR18.6B), Richards Bay (ZAR16.4B), Durban (ZAR15.4B), Sa Reserwebank (ZAR8.72B), and Saldanha Bay (ZAR7.43B), while imports destinations were mainly Durban (ZAR39.4B), O.R. Tambo Int Airport (ZAR19.5B), Cape Town (ZAR9.67B), Port Elizabeth (ZAR5.52B), and Johannesburg (ZAR4.13B).
Destinations: In July 2020 South Africa exported mostly to China (ZAR12.4B), Special Categories (ZAR9.15B), United States (ZAR6.35B), Netherlands (ZAR5.2B), and United Kingdom (ZAR4.54B), and imported mostly from China (ZAR22.8B), Germany (ZAR7.14B), United States (ZAR5.58B), India (ZAR3.35B), and Japan (ZAR3.23B).
Growth: In July 2020, the increase in South Africa's year-by-year exports was explained primarily by an increase in exports to Special Categories (ZAR5.21B or 133%), Morocco (ZAR3.99B or 8.31k%), and Provision of Ships and Aircraft (ZAR3.03B or 1.36k%), and product exports increase in Gold (ZAR5.54B or 175%), Coal Briquettes (ZAR3.25B or 54.1%), and Citrus (ZAR954M or 45.4%). In July 2020, the decrease in South Africa's year-by-year imports was explained primarily by a decrease in imports from Nigeria (ZAR-3.01B or -59.7%), Germany (ZAR-2.88B or -28.7%), and United States (ZAR-2.49B or -30.8%), and product imports decrease in Crude Petroleum (ZAR-4.94B or -42.3%), Refined Petroleum (ZAR-4.18B or -67.5%), and Commodities not elsewhere specified (ZAR-4.15B or -44.9%).