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Wondering what South Africa trades with its Southern Hemisphere foe (in terms of sport such as Rugby and Cricket) Australia? South Africa and Australia tend to trade very similar goods and services with the rest of the world, think commodity and raw material exports and crude oil imports, but what exactly do they trade with one another. We take a look at the latest numbers released by South Africa's customs office
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South Africa's exports to Australia
We will start off by looking at South Africa's exports to Australia for the month of April 2019 on a tree map which shows the percentage of total exports to Australia made up by various product categories for the month of April 2019
Treemap showing South Africa's exports to Australia
From the tree map above it is clear that almost one third of South Africa's exports to Australia for the month of April 2019 was made up by vehicles, aircraft and vessels, with mineral products being a distant second place with just under 19% of South Africa's exports to Australia for April 2019 and machinery coming in in third place with it making up around 14% of South Africa's exports to Australia. Other noteworthy product categories includes Chemicals, Products of Iron and Steel, Prepared foodstuffs and live animals.
South Africa's imports from Australia
Next we take a look at South Africa's imports from Australia for the month of April 2019 on a tree map which shows the percentage of total imports from Australia made up by various product categories for the month of April 2019
Treemap of South Africa's imports from Australia
The tree map above shows that mineral products imports from Australia made up almost 42% of South Africa's total imports from Australia for the month of April 2019, while chemicals coming in a very close second place with it making up just over 41% of South Africa's imports from Australia during April 2019. These two categories alone account for over 80% of South Africa's imports from Australia during April 2019. So is this the case over a longer period of time? Later on we will take a look at the cumulative trade for 2019 (basically the sum of trade from January 2019 to April 2019) in order to determine whether the trade that took place in April 2019 is indicative of trade over a longer period with South Africa Other noteworthy imports by south Africa from Australia include Machinery (at about 6.5%) and live animals (around 25).
Cumulative trade between South Africa and Australia for 2019 (Exports)
The below shows the cumulative value of South Africa's exports to Australia from January 2019 to April 2019. Total exports from South Africa to Australia during this period amounted to: R 3 301 119 201
- Live animals: R 70 463 149
- Vegetables: R 57 606 724
- Animal or vegetable fats: R 54 995
- Prepared foodstuffs: R 191 796 300
- Mineral Products: R 273 099 878
- Chemicals: R 407 513 797
- Plastics & Rubber: R 65 061 645
- Raw hides & leather: R 2 781 230
- Wood Products:R 39 485 844
- Wood pulp & paper:R 94 370 393
- Textiles:R 59 374 803
- Footwear:R 4 353 833
- Stone & Glass:R 15 531 769
- Precious Metal:R 2 878 995
- Products Iron & Steel:R 298 925 614
- Machinery:R 486 782 447
- Vehicles aircraft & vessels: R 1 159 784 671
- Photographic & medical equipment: R 37 238 869
- Toys & Sport apparel: R 27 777 604
- Works of art:R 5 713 490
- Other unclassified goods:R 523 151
From the above it is clear that of the R3.3 billion exported to Australia from South Africa, vehicles, aircraft and vessels remains the biggest exports to Australia. This is mainly right hand drive vehicles manufactured in South Africa (on behalf of various German car manufacturers and then exported to Australia).
Cumulative trade between South Africa and Australia for 2019 (Imports)
The below shows the cumulative value of South Africa's imports from Australia from January 2019 to April 2019. Total imports by South Africa from Australia during this period amounted to: R 5 676 142 013
From the above it is clear that the single biggest import by South Africa from Australia is Chemicals, with it making up almost 50% of imports from Australia during the period January 2019 to April 2019.
In total South Africa has a trade deficit of -R2.375 billion for the 4 months of 2019. In 2018 South Africa had a trade deficit with Australia of R5.93 billion. So not only does South Africa lose regularly against Australia in Rugby and Cricket, its losing out against Australia when it comes to trade too, with we exporting far less in goods from Australia than what we import from Australia.
- Live animals: R 138 841 802
- Vegetables: R 86 995 349
- Animal or vegetable fats: R 1 457 047
- Prepared foodstuffs: R 48 324 608
- Mineral Products: R 1 664 252 565
- Chemicals: R 2 741 004 545
- Plastics & Rubber:R 75 936 756
- Raw hides & leather:R 5 298 190
- Wood Products:R 7 422 531
- Wood pulp & paper:R 90 520 746
- Textiles:R 31 349 179
- Footwear:R 4 908 617
- Stone & Glass:R 2 740 329
- Precious Metal: R 2 011 023
- Products Iron & Steel: R 144 075 691
- Machinery: R 454 584 092
- Vehicles aircraft & vessels: R 34 978 315
- Photographic & medical equipment: R 78 617 961
- Toys & Sport apparel: R 40 151 485
- Works of art: R 1 057 813
- Other unclassified goods: R 2 732 408
- Equipment Components: R 18 880 961
From the above it is clear that the single biggest import by South Africa from Australia is Chemicals, with it making up almost 50% of imports from Australia during the period January 2019 to April 2019.
In total South Africa has a trade deficit of -R2.375 billion for the 4 months of 2019. In 2018 South Africa had a trade deficit with Australia of R5.93 billion. So not only does South Africa lose regularly against Australia in Rugby and Cricket, its losing out against Australia when it comes to trade too, with we exporting far less in goods from Australia than what we import from Australia.