Trade Resources Economy Brief Report of South Africa's Trade in July 2016

Brief Report of South Africa's Trade in July 2016

According to the statistics from SARS, South Africa’s volume of goods trade was USD84.64 billion from January to July in 2016, down 15.9% year-on-year (the same below). Exports fell by 12.7% to USD42.98 billion, and imports fell by 19.0% to USD41.65 billion. The trade surplus was USD1.33 billion, down 160.2%.

In July, South Africa’s volume of goods trade fell by 14.7% to USD12.91 billion. Exports fell by 12.2% to USD6.63 billion and imports fell by 17.2% to USD6.28 billion. And the trade surplus was USD0.34 billion.

Since January to July, bilateral trade volume between South Africa and China fell by 19.7% to USD110.6 billion. South Africa’s exports to China fell by 23.1% to USD3.64 billion. It accounted for 8.5% of South Africa’s overall export, down 1.1%. And South Africa’s imports from China fell by 18.0% to USD7.41 billion. It accounted for 17.8% of South Africa’s overall imports, up 0.2% over the previous year. South Africa’s trade deficit with China fell by 12.3% to USD3.77 billion.

As the biggest partner, China was the second largest export market of South Africa and its largest source of imports up to July in 2016.

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