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We take a look at the latest merchandise trade statistics as published by SARS regarding the goods South Africa imports from Nigeria and the goods South Africa exports to Nigeria.
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South African exports to Nigeria
So what exactly is South Africa exporting to Nigeria, the biggest economy on the African continent? The summary below shows the main product categories and the total valued trader per category since the start of 2019 up to June 2019
Total Exports from South Africa to Nigeria from January 2019 to June 2019 amounted to R 3 231 263 989
The tree chart below shows the main product exports to Nigeria during June 2019 from South Africa. As can be seen the bulk of South Africa's exports to Nigeria is made up by plastics and rubber as well as machinery and chemicals
- Live animals: R 31 369 258
- Vegetables: R 284 109 088
- Animal or vegetable fats:R 216 741
- Prepared foodstuffs: R 322 177 112
- Mineral Products: R 78 886 455
- Chemicals: R 340 927 481
- Plastics & Rubber: R 1 024 987 395
- Raw hides & leather: R 718 333
- Wood Products: R 8 684 772
- Wood pulp & paper: R 147 379 381
- Textiles: R 68 059 961
- Footwear: R 3 556 413
- Stone & Glass: R 28 306 039
- Precious Metal: R 650 728
- Products Iron & Steel: R 191 996 740
- Machinery: R 402 149 846
- Vehicles aircraft & vessels: R 243 374 338
- Photographic & medical equipment: R 31 932 704
- Toys & Sport apparel: R 21 330 564
- Works of art: R 286 382
- Other unclassified goods: R 164 258
- Equipment Components: R0
- Total: R 3 231 263 989
Total Exports from South Africa to Nigeria from January 2019 to June 2019 amounted to R 3 231 263 989
The tree chart below shows the main product exports to Nigeria during June 2019 from South Africa. As can be seen the bulk of South Africa's exports to Nigeria is made up by plastics and rubber as well as machinery and chemicals
South African exports to Nigeria
So what did South Africa import from Nigeria during the period January 2019 to June 2019? The summary below shows the imports from Nigeria per main product category :
Total imports from Nigeria during the period January 2019 to June 2019: R 28 154 765 961
The tree map below shows the imports into South Africa from Japan for the month of June 2019. The bulk of the imports into South Africa from Nigeria fulls under Mineral products. The main product under this category is crude oil. So the bulk of South Africa's imports from Nigeria is crude oil. And this is no real surprise as Nigeria is one of South Africa's biggest suppliers of crude oil.
- Live animals: R 177 845
- Vegetables: R 12 826 989
- Animal or vegetable fats: R 301 323
- Prepared foodstuffs: R 4 844 673
- Mineral Products: R 27 984 557 685
- Chemicals: R 101 517 065
- Plastics & Rubber: R 34 728 211
- Raw hides & leather: R 18 565
- Wood Products: R 391 464
- Wood pulp & paper: R 427 393
- Textiles: R 466 455
- Footwear: R 3 349 310
- Stone & Glass: R 20 686
- Precious Metal: R 59 384
- Products Iron & Steel: R 1 284 780
- Machinery: R 7 133 716
- Vehicles aircraft & vessels: R 1 060 852
- Photographic & medical equipment: R 996 771
- Toys & Sport apparel: R 321 722
- Works of art: R 87 530
- Other unclassified goods: R 193 542
- Equipment Components R0
- Total: R 28 154 765 961
Total imports from Nigeria during the period January 2019 to June 2019: R 28 154 765 961
The tree map below shows the imports into South Africa from Japan for the month of June 2019. The bulk of the imports into South Africa from Nigeria fulls under Mineral products. The main product under this category is crude oil. So the bulk of South Africa's imports from Nigeria is crude oil. And this is no real surprise as Nigeria is one of South Africa's biggest suppliers of crude oil.
South African imports from Nigeria at product level
During the period January 2019 to June 2019 South Africa had a negative trade balance/ trade deficit with Nigeria to the value of R24.92 billion. So South Africa exported R24.92 billion less to Nigeria than what it imported from Nigeria. Again this is not really surprising as South Africa desperately needs what Nigeria exports while Nigeria can easily obtain what South Africa exports elsewhere.