Overview In August 2024 South Africa's Commodities not elsewhere specified exports accounted up to ZAR114M and imports accounted up to ZAR11.2B, resulting in a negative trade balance of ZAR11B. Between August 2023 and August 2024 the exports of South Africa's Commodities not elsewhere specified have increased by ZAR60.6M (113%) from ZAR53.8M to ZAR114M, while imports decreased by ZAR-6.16B (-35.6%) from ZAR17.3B to ZAR11.2B.
Destinations In August 2024, Commodities not elsewhere specified were exported mostly to Provision of Ships and Aircraft (ZAR67.1M), United Arab Emirates (ZAR14.2M), United Kingdom (ZAR8.84M), United States (ZAR6.66M), and Germany (ZAR4.68M), and were imported mostly from Thailand (ZAR2.18B), Germany (ZAR2.11B), Japan (ZAR853M), United States (ZAR772M), and China (ZAR657M).
Growth In August 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 August 2024, the decrease in Commodities not elsewhere specified's year-by-year imports was explained primarily by a decrease in imports from Thailand (ZAR-886M or -28.8%), Belgium (ZAR-111M or -80.3%), and Japan (ZAR-89.4M or -7.53%).