April 15, 2010South Africa Economyby EconomyWatch Content

South Africa Trade, Exports and Imports

 South Africa’s trade, exports and imports are heavily dependent on the nation’s natural resources and the government’s highly liberal trade incentives. South Africa recorded a trade surplus of R3.7 billion in December 2009, according to the South African Revenue Service (SARS). The surplus resulted from a decrease in imports of 13.73% and a decrease in exports of 1.08%. In December, exports amounted to R45.36 billion and imports amounted to R41.69 billion resulting in a surplus of R3.67 billion. The cumulative trade deficit for 2009 was R25.84 billion. Compared to a deficit of R71.63 in 2008, this represents a decline of R45.79 billion or 64%.

South Africa Trade: Exports

South Africa’s primary export commodities include gold, diamonds, platinum, other metals and minerals, machinery and equipment. South Africa’s exports were worth $67.93 billion in 2009, down from $86.12 billion in 2008. The following chart shows the distribution of South Africa’s export partners. All data are in percentages.

 

South Africa’s export partners 2009

 

South Africa: Imports

South Africa’s primary import commodities include machinery and equipment, chemicals, petroleum products, scientific instruments, and food materials. South Africa’s imports were worth $70.24 billion in 2009, down from $90.57 billion in 2008. The following chart shows the distribution of South Africa’s import partners. All data are in percentages.

 

 

 

South Africa’s import partners  2009

 

South Africa Trade: Exchange Rates

The following graph shows South Africa’s main currency, the Rand’s (ZAR) exchange rates in comparison to the US dollar during 2005-2009.

 

South Africa’s currency Rand’s (ZAR) exchange rates in comparison US$ 2005-2009

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