South Africa is the 34th largest export economy in the world currently and has the 47th most complex economy, according to the eci.

In 2017, South Africa exported around 108 billion dollars and imported only 81.9 billion dollars, which, of course, resulted in a positive trade balance of 26.4 billion dollars. The GDP of South Africa was 348 billion dollars.

The top exports of South Africa are:

• Gold – Africa has exported over 16.9 billion dollars.
• Diamonds – The export value of diamonds is 9.8 billion dollars.
• Cars – Although Africa does not export many automobiles, they exported 6.23 billion dollars in cars.
• Iron and steel – South Africa is also a leading exporter of iron and steel and comprises of about 5.4 billion dollars.
• Fruits and nuts – South Africa is known for its rich nuts and fruits. This has generated an income of 3.4 billion dollars.
• Aluminum- South Africa also exports 1.8 billion dollars’ worth of aluminum.

The major export destinations of this country are China, the United States, India, and the UK, among the few countries.

South Africa is the EU’s largest trading partner in Africa. The major imports of South Africa are machines, mineral products, transportation requirements, chemical products, food products, textiles, and metals, which constitute 81.8 billion dollars of that they import. South Africa is the 38th largest importer in the world. During the past five years, the imports of South Africa has decreased at an annual rate of 7% from 118 billion dollars in 2012 to 81.9 billion dollars in 2017. The most recent imports are crude petroleum, which is the majority of the total imports of South Africa, which is followed by refined petroleum.

Here are some of the major imports of South Africa:

• Mineral fuels, which include oil – They import around 14.8 billion dollars.
• Machinery, which includes components – This constitutes about 11.2 billion dollars.
• Electrical machinery and equipment – South Africa imports 8.6 billion dollars’ worth of electrical machinery and equipment.
• Pharmaceuticals – South Africa imports about 2.4 billion dollars in this field.
• Plastics and plastic materials- South Africa imports around 2.5 billion dollars’ worth of plastic goods.
• Books and newspapers – This contributes around 1.3 billion dollars of the total import expenditure.

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Visit the Following Page for More Information-

A Brief Guide To African Trade Statistics