Overview In January 2024 South Africa's Commodities not elsewhere specified exports accounted up to ZAR81.1M and imports accounted up to ZAR13.5B, resulting in a negative trade balance of ZAR13.4B. Between January 2023 and January 2024 the exports of South Africa's Commodities not elsewhere specified have increased by ZAR9.19M (12.8%) from ZAR72M to ZAR81.1M, while imports increased by ZAR948M (7.56%) from ZAR12.5B to ZAR13.5B.
Destinations In January 2024, Commodities not elsewhere specified were exported mostly to United Arab Emirates (ZAR19.1M), Provision of Ships and Aircraft (ZAR15.3M), United Kingdom (ZAR10.5M), Germany (ZAR8.49M), and United States (ZAR4.38M), and were imported mostly from Germany (ZAR4.42B), Thailand (ZAR1.66B), United States (ZAR1.02B), Japan (ZAR830M), and China (ZAR770M).
Growth In January 2024, the increase in Commodities not elsewhere specified's year-by-year exports was explained primarily by an increase in exports to Provision of Ships and Aircraft (ZAR16.7M or 36.6%), Sweden (ZAR2.05M or 49.7k%), and Botswana (ZAR698k or 73%). In January 2024, the increase in Commodities not elsewhere specified's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR3.09B or 183%), Brazil (ZAR281M or 128%), and Austria (ZAR187M or 90.8%).