Overview In May 2023 Cape Town exported ZAR11.9B and imported ZAR17.2B, resulting in a negative trade balance of ZAR5.27B. Between May 2022 and May 2023 the exports of Cape Town have increased by $2.08B (21.2%) from ZAR9.81B to ZAR11.9B, while imports increased by ZAR2.31B (15.5%) from ZAR14.9B to ZAR17.2B.
Trade In May 2023, the top exports of Cape Town were Citrus (ZAR2.38B), Apples and Pears (ZAR1.45B), Centrifuges (ZAR872M), Wine (ZAR797M), and Recreational Boats (ZAR662M). In May 2023 the top imports of Cape Town were Crude Petroleum (ZAR3.14B), Refined Petroleum (ZAR1.73B), Semiconductor Devices (ZAR1.18B), Electric Batteries (ZAR805M), and Electrical Transformers (ZAR487M).
Destinations In May 2023, Cape Town exported mostly to United States (ZAR1.65B), Netherlands (ZAR1.32B), United Kingdom (ZAR1.21B), China (ZAR1.14B), and Germany (ZAR655M), and imported mostly from China (ZAR5.53B), Algeria (ZAR1.85B), Angola (ZAR1.38B), United Arab Emirates (ZAR1.15B), and Italy (ZAR675M).
Growth In May 2023, the increase in Cape Town's year-by-year exports was explained primarily by an increase in exports to Germany (ZAR307M or 97.6%), Netherlands (ZAR144M or 8.34%), and Canada (ZAR129M or 52.9%), and product exports increase in Grapes (ZAR194M or 7.48%), Wine (ZAR174M or 36.8%), and Apples and Pears (ZAR134M or 118%). In May 2023, the increase in Cape Town's year-by-year imports was explained primarily by an increase in imports from Bahrain (ZAR827M or 43.3k%), Finland (ZAR752M or 2.76k%), and China (ZAR300M or 12.6%), and product imports increase in Refined Petroleum (ZAR2.01B or 116%), Non-fillet Frozen Fish (ZAR152M or 125%), and Fruit Juice (ZAR129M or 234%).