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Category: Imports, Exports and International Trade
Date: 11 February 2020
Date: 11 February 2020
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We take a look at the latest trade data released by South Africa's customs office the South African Revenue Service (SARS) and focus on trade between South Africa and the United States of America for the full year of 2019
Note all data from South African Revenue Service (SARS) |
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South Africa's exports to the United States of America
So lets start off by looking at the main product categories exported by South Africa to the United States of America. The summary below shows the total value of South Africa's exports to the United States for the full year of 2019 per major product category, sorted from biggest export category to smallest (based on Rand value exported).
- Precious Metal: R 30 522 170 791
- Products Iron & Steel: R 14 670 299 677
- Mineral Products: R 10 621 163 136
- Chemicals: R 8 834 246 923
- Vehicles aircraft & vessels: R 7 844 666 350
- Machinery: R 7 058 829 087
- Vegetables: R 3 060 127 909
- Prepared foodstuffs: R 1 808 746 305
- Plastics & Rubber: R 1 457 805 602
- Live animals: R 591 824 318
- Photographic & medical equipment: R 580 478 356
- Works of art: R 479 509 656
- Textiles: R 441 682 672
- Stone & Glass: R 369 964 081
- Toys & Sport apparel: R 309 805 712
- Wood pulp & paper: R 255 628 801
- Raw hides & leather: R 236 244 138
- Wood Products: R 167 526 754
- Other unclassified goods: R 82 881 966
- Footwear: R 50 757 884
- Animal or vegetable fats: R 18 356 642
- Equipment Components: R 1 491 893
- Total Exports: R 89 464 208 653
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South Africa's imports from the United States of America
Next up we take a look at the main product categories imported from to the United States of America into South Africa. The summary below shows the total value of South Africa's imports from the United States for the full year of 2019 per major product category, sorted from biggest import category to smallest (based on Rand value imported).
- Machinery: R 21 543 331 013
- Vehicles aircraft & vessels: R 14 552 722 661
- Chemicals: R 13 412 076 931
- Photographic & medical equipment: R 7 037 400 911
- Equipment Components: R 5 813 136 517
- Mineral Products: R 4 925 068 314
- Plastics & Rubber: R 4 025 998 352
- Products Iron & Steel: R 1 792 325 236
- Live animals: R 1 699 847 918
- Vegetables: R 1 580 087 510
- Wood pulp & paper: R 1 552 338 212
- Stone & Glass: R 1 550 266 236
- Prepared foodstuffs: R 1 483 322 114
- Toys & Sport apparel: R 822 973 228
- Textiles: R 722 595 055
- Precious Metal: R 362 407 292
- Wood Products: R 211 670 770
- Other unclassified goods: R 191 326 374
- Works of art: R 59 552 159
- Footwear: R 42 451 967
- Animal or vegetable fats: R 35 511 089
- Raw hides & leather: R 33 519 373
- Total imported: R 83 449 929 232
South Africa's trade balance per major product category traded with the United States
The summary below shows South Africa's trade balance with the United States per major product category (sorted from the biggest trade surplus to biggest trade deficit). A trade surplus shows South Africa exported more of a product than what it imported and a trade deficit shows South Africa imported more of an product than what it exported.
So in 2019 South Africa exported goods to the United States totalling R89.464 billion while it imported goods to the total value of R83.449 billion, leaving South Africa with a trade surplus (positive trade balance) in 2019 with the United States to value of R6.014 billion in 2019. South Africa should be very chuffed with that, especially considering the fact that it has a massive trade deficit with its biggest trading partner, China.
South Africa and South Africans would be hoping for more of the same during 2020, as its economy needs positive news such as this if its to gain any sort of momentum in 2020.
- Precious Metal: R 30 159 763 499
- Products Iron & Steel: R 12 877 974 441
- Mineral Products: R 5 696 094 822
- Vegetables: R 1 480 040 399
- Works of art: R 419 957 497
- Prepared foodstuffs: R 325 424 191
- Raw hides & leather: R 202 724 765
- Footwear: R 8 305 917
- Animal or vegetable fats: -R 17 154 447
- Wood Products: -R 44 144 016
- Other unclassified goods: -R 108 444 408
- Textiles: -R280 912 383
- Toys & Sport apparel: -R 513 167 516
- Live animals: -R 1 108 023 600
- Stone & Glass: -R 1 180 302 155
- Wood pulp & paper: -R1 296 709 411
- Plastics & Rubber: -R2 568 192 750
- Chemicals: -R 4 577 830 008
- Equipment Components: -R5 811 644 624
- Photographic & medical equipment: -R 6 456 922 555
- Vehicles aircraft & vessels: -R 6 708 056 311
- Machinery: -R 14 484 501 926
- Total Trade Balance in 2019 for South Africa with the USA: R 6 014 279 421
So in 2019 South Africa exported goods to the United States totalling R89.464 billion while it imported goods to the total value of R83.449 billion, leaving South Africa with a trade surplus (positive trade balance) in 2019 with the United States to value of R6.014 billion in 2019. South Africa should be very chuffed with that, especially considering the fact that it has a massive trade deficit with its biggest trading partner, China.
South Africa and South Africans would be hoping for more of the same during 2020, as its economy needs positive news such as this if its to gain any sort of momentum in 2020.