Overview: In January 2021 South Africa exported ZAR208B and imported ZAR97.8B, resulting in a positive trade balance of ZAR110B. Between January 2020 and January 2021 the exports of South Africa have increased by ZAR110B (112%) from ZAR97.9B to ZAR208B, while imports decreased by ZAR-5.37B (-5.2%) from ZAR103B to ZAR97.8B.
Trade: In January 2021, the top exports of South Africa were Platinum (ZAR37.5B), Iron Ore (ZAR23.8B), Gold (ZAR11.8B), Coal Briquettes (ZAR7.77B), and Delivery Trucks (ZAR7.63B). In January 2021 the top imports of South Africa were Commodities not elsewhere specified (ZAR8.84B), Refined Petroleum (ZAR7.55B), Crude Petroleum (ZAR3.99B), Telephones (ZAR3.59B), and Cars (ZAR2.83B).
Origins: In January 2021 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR51.7B), Durban (ZAR25.7B), Saldanha Bay (ZAR24.9B), Richards Bay (ZAR17.6B), and Cape Town (ZAR13B), while imports destinations were mainly Durban (ZAR47.2B), O.R. Tambo Int Airport (ZAR18B), Cape Town (ZAR9.62B), Port Elizabeth (ZAR6.57B), and Johannesburg (ZAR4.1B).
Destinations: In January 2021, South Africa exported mostly to China (ZAR29.6B), United States (ZAR20.5B), Germany (ZAR20B), Japan (ZAR15.6B), and United Kingdom (ZAR12.6B), and imported mostly from China (ZAR20.8B), Germany (ZAR8.54B), United States (ZAR6.41B), India (ZAR6B), and Japan (ZAR3.15B).
Growth: In January 2021, the increase in South Africa's year-by-year exports was explained primarily by an increase in exports to China (ZAR17.7B or 149%), Germany (ZAR13.4B or 202%), and United States (ZAR12.2B or 149%), and product exports increase in Platinum (ZAR23B or 159%), Iron Ore (ZAR14.9B or 167%), and Delivery Trucks (ZAR5.53B or 263%). In January 2021, the decrease in South Africa's year-by-year imports was explained primarily by an decrease in imports from Nigeria (ZAR-5.12B or -77.7%), Germany (ZAR-1.84B or -17.8%), and Ghana (ZAR-1.23B or -99.7%), and product imports decrease in Crude Petroleum (ZAR-6.14B or -60.6%), Cars (ZAR-1.4B or -33%), and Precious Metal Scraps (ZAR-446M or -96.5%).