Overview: In February 2021 South Africa exported ZAR121B and imported ZAR99.2B, resulting in a positive trade balance of ZAR21.6B. Between February 2020 and February 2021 the exports of South Africa have increased by ZAR14.9B (14.1%) from ZAR106B to ZAR121B, while imports increased by ZAR4.12B (4.33%) from ZAR95.1B to ZAR99.2B.
Trade: In February 2021, the top exports of South Africa were Platinum (ZAR15.7B), Iron Ore (ZAR11B), Gold (ZAR8.44B), Cars (ZAR7.35B), and Coal Briquettes (ZAR5.66B). In February 2021 the top imports of South Africa were Commodities not elsewhere specified (ZAR10.3B), Refined Petroleum (ZAR8.92B), Crude Petroleum (ZAR6.8B), Telephones (ZAR3.31B), and Cars (ZAR2.68B).
Origins: In February 2021 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR26.1B), Durban (ZAR16B), Richards Bay (ZAR12.6B), Saldanha Bay (ZAR11.2B), and Sa Reserwebank (ZAR8.44B), while imports destinations were mainly Durban (ZAR49.6B), O.R. Tambo Int Airport (ZAR17.2B), Cape Town (ZAR9.01B), Port Elizabeth (ZAR6.92B), and Johannesburg (ZAR3.8B).
Destinations: In February 2021, South Africa exported mostly to China (ZAR15.9B), Germany (ZAR12.3B), United States (ZAR11.5B), Special Categories (ZAR8.52B), and Japan (ZAR7.9B), and imported mostly from China (ZAR20.2B), Germany (ZAR9.53B), United States (ZAR5.33B), India (ZAR5.32B), and Saudi Arabia (ZAR4.48B).
Growth: In February 2021, the increase in South Africa's year-by-year exports was explained primarily by an increase in exports to China (ZAR4.43B or 38.6%), United States (ZAR3.4B or 42.1%), and Japan (ZAR3.35B or 73.6%), and product exports increase in Platinum (ZAR5.48B or 53.4%), Iron Ore (ZAR3.41B or 44.8%), and Delivery Trucks (ZAR1.22B or 35.3%). In February 2021, the increase in South Africa's year-by-year imports was explained primarily by an increase in imports from China (ZAR3.14B or 18.4%), Oman (ZAR2.2B or 295%), and Thailand (ZAR967M or 36.5%), and product imports increase in Refined Petroleum (ZAR3.3B or 58.7%), Commodities not elsewhere specified (ZAR1.16B or 12.8%), and Telephones (ZAR816M or 32.8%).