Overview: In January 2021 Cape Town exported ZAR13B and imported ZAR9.62B, resulting in a positive trade balance of ZAR3.41B. Between January 2020 and January 2021 the exports of Cape Town have increased by $6.45B (98.1%) from ZAR6.58B to ZAR13B, while imports decreased by ZAR-707M (-6.85%) from ZAR10.3B to ZAR9.62B.
Trade: In January 2021, the top exports of Cape Town were Grapes (ZAR5.18B), Pitted Fruits (ZAR1.01B), Wine (ZAR945M), Manganese Ore (ZAR594M), and Non-fillet Frozen Fish (ZAR324M). In January 2021 the top imports of Cape Town were Refined Petroleum (ZAR1.73B), Soybean Meal (ZAR276M), Special Purpose Ships (ZAR231M), Broadcasting Accessories (ZAR190M), and Mixed Mineral or Chemical Fertilizers (ZAR160M).
Destinations: In January 2021, Cape Town exported mostly to Netherlands (ZAR3.44B), United Kingdom (ZAR1.77B), China (ZAR1.03B), United States (ZAR995M), and Germany (ZAR629M), and imported mostly from China (ZAR2.38B), United Arab Emirates (ZAR1.1B), Belgium (ZAR777M), Italy (ZAR417M), and Germany (ZAR348M).
Growth: In January 2021, the increase in Cape Town's year-by-year exports was explained primarily by an increase in exports to Netherlands (ZAR2.19B or 174%), United Kingdom (ZAR995M or 128%), and United States (ZAR523M or 111%), and product exports increase in Grapes (ZAR2.9B or 127%), Pitted Fruits (ZAR688M or 213%), and Wine (ZAR519M or 122%). In January 2021, the decrease in Cape Town's year-by-year imports was explained primarily by an decrease in imports from Oman (ZAR-258M or -97.5%), Argentina (ZAR-238M or -41.7%), and Germany (ZAR-166M or -32.3%), and product imports decrease in Other Paper Machinery (ZAR-129M or -93.6%), Fruit Juice (ZAR-80.4M or -59.3%), and Palm Oil (ZAR-74.3M or -92.6%).