Overview: In January 2021 Port Elizabeth exported ZAR12.4B and imported ZAR6.57B, resulting in a positive trade balance of ZAR5.87B. Between January 2020 and January 2021 the exports of Port Elizabeth have increased by $6.81B (121%) from ZAR5.63B to ZAR12.4B, while imports decreased by ZAR-563M (-7.9%) from ZAR7.14B to ZAR6.57B.
Trade: In January 2021, the top exports of Port Elizabeth were Manganese Ore (ZAR3.76B), Centrifuges (ZAR3.52B), Cars (ZAR2.63B), Wool (ZAR350M), and Molluscs (ZAR236M). In January 2021 the top imports of Port Elizabeth were Commodities not elsewhere specified (ZAR2.15B), Vehicle Parts (ZAR402M), Cars (ZAR378M), Refined Petroleum (ZAR224M), and Rubber Tires (ZAR179M).
Destinations: In January 2021, Port Elizabeth exported mostly to Germany (ZAR3.84B), China (ZAR2.47B), Czechia (ZAR1.38B), United States (ZAR959M), and India (ZAR835M), and imported mostly from Germany (ZAR1.48B), China (ZAR582M), Spain (ZAR475M), Thailand (ZAR464M), and United States (ZAR341M).
Growth: In January 2021, the increase in Port Elizabeth's year-by-year exports was explained primarily by an increase in exports to Germany (ZAR2.14B or 126%), China (ZAR1.42B or 135%), and Czechia (ZAR985M or 249%), and product exports increase in Centrifuges (ZAR2.34B or 198%), Manganese Ore (ZAR2.23B or 146%), and Cars (ZAR1.36B or 107%). In January 2021, the decrease in Port Elizabeth's year-by-year imports was explained primarily by an decrease in imports from Germany (ZAR-264M or -15.1%), China (ZAR-185M or -24.1%), and United States (ZAR-169M or -33.2%), and product imports decrease in Cars (ZAR-750M or -66.5%), Electric Generating Sets (ZAR-186M or -95.7%), and Laboratory Ceramic Ware (ZAR-77.3M or -53.9%).