Overview In May 2023 Port Elizabeth exported ZAR12.1B and imported ZAR11.8B, resulting in a positive trade balance of ZAR322M. Between May 2022 and May 2023 the exports of Port Elizabeth have increased by $2.31B (23.5%) from ZAR9.81B to ZAR12.1B, while imports increased by ZAR2.66B (29.2%) from ZAR9.13B to ZAR11.8B.
Trade In May 2023, the top exports of Port Elizabeth were Cars (ZAR4.03B), Manganese Ore (ZAR3.44B), Centrifuges (ZAR1.45B), Wool (ZAR608M), and Citrus (ZAR602M). In May 2023 the top imports of Port Elizabeth were Commodities not elsewhere specified (ZAR2.42B), Cars (ZAR1.57B), Motor vehicles; parts and accessories (8701... (ZAR849M), Rubber Tires (ZAR531M), and Refined Petroleum (ZAR476M).
Destinations In May 2023, Port Elizabeth exported mostly to Germany (ZAR4.74B), China (ZAR2.68B), India (ZAR464M), Czechia (ZAR418M), and Malaysia (ZAR374M), and imported mostly from Germany (ZAR2.76B), China (ZAR1.1B), Spain (ZAR938M), Poland (ZAR585M), and Czechia (ZAR522M).
Growth In May 2023, the increase in Port Elizabeth's year-by-year exports was explained primarily by an increase in exports to China (ZAR385M or 31.1%), Brazil (ZAR127M or 1.45k%), and Netherlands (ZAR108M or 145%), and product exports increase in Manganese Ore (ZAR549M or 29.2%), Rubber Tires (ZAR39.1M or 133%), and Wool (ZAR30.8M or 17.6%). In May 2023, the increase in Port Elizabeth's year-by-year imports was explained primarily by an increase in imports from Spain (ZAR242M or 51%), Slovakia (ZAR181M or 202%), and Saudi Arabia (ZAR169M or 2.45k%), and product imports increase in Cars (ZAR1.49B or 394%), Rubber Tires (ZAR61.9M or 34.5%), and Washing and Bottling Machines (ZAR55.4M or 348%).