India / South Africa

Overview In January 2024, India exported $548M and imported $564M from South Africa, resulting in a negative trade balance of $16.2M. Between January 2023 and January 2024 the exports of India have decreased by $-7.68M (-1.38%) from $556M to $548M, while imports decreased by $-118M (-17.3%) from $682M to $564M.

Trade In January 2024, the top exports of India to South Africa were Motor Vehicle/Cars ($179M), Petroleum Products ($116M), Drug Formulations, Biologicals ($43.8M), Telecom Instruments ($24.9M), and Inorganic Chemicals ($17.4M). In January 2024 the top imports of India from South Africa were Coal,Coke And Briquittes Etc ($218M), Gold ($189M), Pulp And Waste Paper ($64M), Copper And Prdcts Made Of Copr ($49.2M), and Bulk Minerals And Ores ($33.9M).

Growth In January 2024, the decrease in India's year-by-year exports to South Africa was explained primarily by an decrease in product exports in Pearl, Precs, Semiprecs Stones ($-12.5M or -70.6%), Aluminium, Products Of Aluminm ($-5.44M or -84.5%), and Plastc Sht, Film, Plts Et ($-1.28M or -22.4%). In January 2024, the decrease in India's year-by-year imports  from South Africa was explained primarily by an decrease in product imports  in Pearl, Precs, Semiprecs Stones ($-80.2M or -86.6%), Coal,Coke And Briquittes Etc ($-49.7M or -18.5%), and Gold ($-47.9M or -20.3%).