Overview In March 2023 South Africa exported ZAR184B and imported ZAR185B, resulting in a negative trade balance of ZAR961M. Between March 2022 and March 2023 the exports of South Africa have increased by ZAR4.39B (2.44%) from ZAR180B to ZAR184B, while imports increased by ZAR45.2B (32.2%) from ZAR140B to ZAR185B.
Trade In March 2023, the top exports of South Africa were Platinum (ZAR19.6B), Gold (ZAR14.8B), Coal Briquettes (ZAR13.1B), Iron Ore (ZAR11.5B), and Ferroalloys (ZAR9.81B). In March 2023 the top imports of South Africa were Refined Petroleum (ZAR30.2B), Commodities not elsewhere specified (ZAR13.5B), Crude Petroleum (ZAR11.9B), Cars (ZAR9.13B), and Telephones (ZAR5B).
Origins In March 2023 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR33B), Durban (ZAR26.2B), Richards Bay (ZAR20.6B), Sa Reserwebank (ZAR14.8B), and Komatipoort (ZAR13.2B), while imports destinations were mainly Durban (ZAR97.8B), O.R. Tambo Int Airport (ZAR29.9B), Cape Town (ZAR15.5B), Port Elizabeth (ZAR11.1B), and East London (ZAR4.84B).
Destinations In March 2023, South Africa exported mostly to China (ZAR20B), Special Categories (ZAR14.9B), United States (ZAR14.2B), Germany (ZAR12.3B), and Japan (ZAR11.9B), and imported mostly from China (ZAR34.3B), Germany (ZAR14.9B), United States (ZAR14.1B), India (ZAR12.8B), and Nigeria (ZAR7.88B).
Growth In March 2023, the increase in South Africa's year-by-year exports was explained primarily by an increase in exports to Special Categories (ZAR8.24B or 125%), China (ZAR3.08B or 18.2%), and Belgium (ZAR2.59B or 69%), and product exports increase in Gold (ZAR8.26B or 127%), Ferroalloys (ZAR4.8B or 95.8%), and Delivery Trucks (ZAR3.12B or 64.6%). In March 2023, the increase in South Africa's year-by-year imports was explained primarily by an increase in imports from China (ZAR8.93B or 35.2%), Nigeria (ZAR5.01B or 175%), and Germany (ZAR4.71B or 46%), and product imports increase in Refined Petroleum (ZAR10.7B or 55.1%), Crude Petroleum (ZAR4.18B or 54%), and Cars (ZAR4B or 77.9%).