Overview: In December 2020 South Africa exported ZAR120B and imported ZAR93.8B, resulting in a positive trade balance of ZAR26.3B. Between December 2019 and December 2020 the exports of South Africa have increased by ZAR20.5B (20.6%) from ZAR99.6B to ZAR120B, while imports increased by ZAR5.42B (6.13%) from ZAR88.4B to ZAR93.8B.
Trade: In December 2020, the top exports of South Africa were Platinum (ZAR13.6B), Iron Ore (ZAR12.7B), Gold (ZAR8B), Coal Briquettes (ZAR6.04B), and Cars (ZAR5.87B). In December 2020 the top imports of South Africa were Crude Petroleum (ZAR6.6B), Commodities not elsewhere specified (ZAR5.69B), Refined Petroleum (ZAR5.63B), Telephones (ZAR3.42B), and Cars (ZAR3.29B).
Origins: In December 2020 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR23B), Durban (ZAR14.2B), Richards Bay (ZAR13.3B), Saldanha Bay (ZAR12.3B), and Sa Reserwebank (ZAR8B), while imports destinations were mainly Durban (ZAR46.6B), O.R. Tambo Int Airport (ZAR18.6B), Cape Town (ZAR9.41B), Port Elizabeth (ZAR5.37B), and Johannesburg (ZAR3.65B).
Destinations: In December 2020, South Africa exported mostly to China (ZAR16.1B), Germany (ZAR10.5B), United States (ZAR9.29B), Special Categories (ZAR8.1B), and Japan (ZAR5.87B), and imported mostly from China (ZAR21.4B), Germany (ZAR6.84B), United States (ZAR5.85B), India (ZAR4.96B), and Saudi Arabia (ZAR3.77B).
Growth: In December 2020, the increase in South Africa's year-by-year exports was explained primarily by an increase in exports to China (ZAR4.72B or 41.5%), Germany (ZAR3.2B or 43.8%), and Netherlands (ZAR2B or 67.2%), and product exports increase in Iron Ore (ZAR5.06B or 66.5%), Cars (ZAR2.28B or 63.4%), and Reaction and Catalytic Products (ZAR1.82B or 408%). In December 2020, the increase in South Africa's year-by-year imports was explained primarily by an increase in imports from China (ZAR6.46B or 43.2%), Oman (ZAR1.28B or 2.24k%), and Thailand (ZAR1.22B or 61.5%), and product imports increase in Commodities not elsewhere specified (ZAR2.23B or 64.6%), Refined Petroleum (ZAR1.71B or 43.5%), and Electric Motors (ZAR960M or 520%).