Overview: In January 2021 Durban exported ZAR25.7B and imported ZAR47.2B, resulting in a negative trade balance of ZAR21.5B. Between January 2020 and January 2021 the exports of Durban have increased by $11.9B (85.7%) from ZAR13.8B to ZAR25.7B, while imports decreased by ZAR-3.8B (-7.45%) from ZAR51B to ZAR47.2B.
Trade: In January 2021, the top exports of Durban were Delivery Trucks (ZAR2.74B), Dissolving Grades Chemical Woodpulp (ZAR1.66B), Refined Petroleum (ZAR1.49B), Ferroalloys (ZAR1.45B), and Chromium Ore (ZAR1.14B). In January 2021 the top imports of Durban were Refined Petroleum (ZAR4.44B), Crude Petroleum (ZAR3.99B), Commodities not elsewhere specified (ZAR2.44B), Cars (ZAR2.05B), and Packaged Medicaments (ZAR995M).
Destinations: In January 2021, Durban exported mostly to China (ZAR3.24B), Belgium (ZAR2.01B), United States (ZAR1.95B), United Kingdom (ZAR1.66B), and India (ZAR1.52B), and imported mostly from China (ZAR12B), India (ZAR4.36B), Saudi Arabia (ZAR2.95B), Japan (ZAR2.52B), and United States (ZAR2.12B).
Growth: In January 2021, the increase in Durban's year-by-year exports was explained primarily by an increase in exports to China (ZAR1.24B or 62.1%), United Kingdom (ZAR1.23B or 288%), and Belgium (ZAR1.01B or 101%), and product exports increase in Delivery Trucks (ZAR2.09B or 317%), Large Flat-Rolled Stainless Steel (ZAR742M or 199%), and Centrifuges (ZAR720M or 586%). In January 2021, the decrease in Durban's year-by-year imports was explained primarily by an decrease in imports from Nigeria (ZAR-3.09B or -67.8%), Ghana (ZAR-1.23B or -99.9%), and United Arab Emirates (ZAR-721M or -65.3%), and product imports decrease in Crude Petroleum (ZAR-4.1B or -50.7%), Cars (ZAR-664M or -24.4%), and Precious Metal Scraps (ZAR-429M or -96.4%).