Like most countries, we all import and export goods to trade. South Africa has some interesting facts about what we export that you might not have known.
The BEST FACT of the day
Platinum: South Africa is the largest exporter of platinum in the world and has a 28.3% market share of a global annual export market worth $21.3 billion.
Here are some other interesting items we export:
What agricultural products do SA export?
Citrus, wine, table grapes, and apples and pears accounted for the largest exports by value. South Africa also exports nuts, corn, wool, sugar, and mohair to name just a few products.
Who is South Africa’s biggest trading partner?
Among individual countries, China is South Africa’s biggest trading partner, with imports and exports between the two nations totalling R263 billion.
What fruit does South Africa export?
Citrus fruits constitute the largest share of exported fruit, with a share value of 40.8 % collectively. Oranges topped the list of fruit exports by South Africa with a share value of 21.4 %, followed by table grapes, apples and lemons constituting a share value of 14.7%, 12.4% and 9.1% respectively.
South Africa is the 34th largest export economy in the world and the 47th most complex economy according to the Economic Complexity Index (ECI). In 2017, South Africa exported $108B and imported $81.9B, resulting in a positive trade balance of $26.4B. In 2017 the GDP of South Africa was $348B and its GDP per capita was $13.5k.
The top exports of South Africa are:
- Gold ($16.9B),
- Diamonds ($9.8B),
- Platinum ($9B),
- Cars ($6.9B)
- and Coal Briquettes ($6.23B),
The top export destinations of South Africa are:
- China ($17.1B)
- United States ($8.21B)
- India ($8B)
- United Kingdom ($7.97B)
- Germany ($7.05B)
South Africa’s Top 5 Commodity Exports Commodity Amount (Annually)
- Platinum $6.03 billion
- Coal Briquettes $3.81 billion
- Iron Ore $3.58 billion
- Diamonds $1.97 billion
- Citrus Fruits $1.16 billion
South Africa’s Other Notable Exports:
- Cars – $5.23 billion
- Delivery Trucks – $2.75 billion
- Refined Petroleum – $1.65 billion
- Centrifuges – $1.63 billion
- Raw Aluminum – $785 million
China is the top export destination for South African products ($6.81 billion), followed by the United States ($5.47 billion), Germany ($5.26 billion), Botswana ($3.71 billion) and Namibia ($3.53 billion).
Knowledge is power and with all the health issues we are currently facing, we wish all businesses future success and we are here to assist you with information and help if you need.
The HiTek CF Team