Overview: In August 2020 South Africa exported ZAR126B and imported ZAR91.3B, resulting in a positive trade balance of ZAR34.7B. Between August 2019 and August 2020 the exports of South Africa have increased by ZAR8.87B (7.58%) from ZAR117B to ZAR126B, while imports decreased by ZAR-23.9B (-20.7%) from ZAR115B to ZAR91.3B.
Trade: In August 2020, the top exports of South Africa were Platinum (ZAR18.2B), Gold (ZAR11.9B), Iron Ore (ZAR8.21B), Cars (ZAR6.82B), and Citrus (ZAR6.08B). In August 2020 the top imports of South Africa were Crude Petroleum (ZAR5.42B), Commodities not elsewhere specified (ZAR5.02B), Refined Petroleum (ZAR4.73B), Telephones (ZAR4.02B), and Cars (ZAR2.94B).
Origins: In August 2020 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR26.2B), Durban (ZAR17.1B), Sa Reserwebank (ZAR11.9B), Richards Bay (ZAR10.6B), and Cape Town (ZAR9.69B), while imports destinations were mainly Durban (ZAR43.7B), O.R. Tambo Int Airport (ZAR18.4B), Cape Town (ZAR10.1B), Port Elizabeth (ZAR6.05B), and Johannesburg (ZAR3.87B).
Destinations: In August 2020, South Africa exported mostly to China (ZAR15.4B), United States (ZAR12.3B), Special Categories (ZAR11.9B), Germany (ZAR10.5B), and Japan (ZAR6.69B), and imported mostly from China (ZAR19.1B), Germany (ZAR8.7B), United States (ZAR5.75B), India (ZAR4.99B), and Saudi Arabia (ZAR4.34B).
Growth: In August 2020, the increase in South Africa's year-by-year exports was explained primarily by an increase in exports to Special Categories (ZAR5.61B or 88.9%), United States (ZAR3.96B or 47.6%), and China (ZAR1.93B or 14.4%), and product exports increase in Platinum (ZAR8.18B or 81.7%), Gold (ZAR5.92B or 99.9%), and Citrus (ZAR1.44B or 31.1%). In August 2020, the decrease in South Africa's year-by-year imports was explained primarily by an decrease in imports from Germany (ZAR-4.33B or -33.2%), United States (ZAR-2.15B or -27.2%), and United Arab Emirates (ZAR-1.98B or -59.7%), and product imports decrease in Commodities not elsewhere specified (ZAR-5.8B or -53.6%), Cars (ZAR-2.75B or -48.3%), and Crude Petroleum (ZAR-2.39B or -30.6%).