Quick Answer: Where does South Africa export platinum to?

China is the top export destination for South African products ($18.1 billion), followed by the United Kingdom ($8.8 billion), the United States ($7.9 billion), Germany ($7.2 billion), and India ($7.1 billion).

What is South Africa’s biggest export?

Searchable List of South Africa’s Most Valuable Export Products

Rank South African Export Product Change
1 Platinum (unwrought) +29.7%
2 Gold (unwrought) +46.6%
3 Iron ores, concentrates +7.1%
4 Cars -30.6%

Where does South Africa export to?

Main export partners are: China (9.7 percent of total exports), the United States (7.5 percent), Germany (7.1 percent), India (4.7 percent), Japan (4.7 percent) and Botswana (4.3 percent). Others include Namibia, the UK, Mozambique and Netherlands.

Who exports platinum?

Exports: In 2019 the top exporters of Platinum were South Africa ($9.62B), Russia ($6.53B), United Kingdom ($5.13B), Germany ($4.03B), and United States ($3.95B). Imports: In 2019 the top importers of Platinum were United Kingdom ($6.83B), United States ($6.69B), Germany ($6.01B), Japan ($4.22B), and China ($2.78B).

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What are the 5 major exports of South Africa?

Chief exports include corn, diamonds, fruits, gold, metals and minerals, sugar, and wool. Machinery and transportation equipment make up more than one-third of the value of the country’s imports.

Which is the richest country in South Africa?

TOP 10 RICHEST AFRICAN COUNTRIES IN 2020 RANKED BY GDP & PRIMARY EXPORTS

  • 1 | NIGERIA – THE RICHEST COUNTRY IN AFRICA (GDP: $446.543 Billion) …
  • 2 | SOUTH AFRICA (GDP: $358.839 Billion) …
  • 3 | EGYPT (GDP: $302.256 Billion) …
  • 4 | ALGERIA (GDP: $172.781 Billion) …
  • 5 | MOROCCO (GDP: $119,04 Billion) …
  • 6 | KENYA (GDP: $99,246 Billion)

What is South Africa’s biggest import?

South Africa main imports are: machinery (23.5 percent of total imports), mineral products (15.1 percent), vehicles and aircraft vessels (10 percent), chemicals (10.9 percent), equipment components (8.1 percent) and iron and steel products (5.3 percent).

Does South Africa import or export more?

Currently the value of Imports and Exports per quarter equates to roughly 60% of South Africa’s Gross Domestic Product (GDP). So trade is an extremely import part of the South African economy.

What is the main export of Africa?

In most African states one or two primary commodities dominate the export trade—e.g., petroleum and petroleum products in Libya, Nigeria, Algeria, Egypt, Gabon, the Republic of the Congo, and Angola; iron ore in Mauritania and Liberia; copper in Zambia and the Democratic Republic of the Congo; cotton in Chad; coffee in …

Who does South Africa export gold to?

The analysis shows patterns of trade misinvoicing on exports to China, Germany, Hong Kong (China), India, Italy, Japan, the Netherlands, Spain, Switzerland, the UK, US including: Between 2000 and 2014, underinvoicing of gold exports from South Africa amounted to $78.2 billion, or 67% of total gold exports.

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Which country has the most platinum?

List of countries by platinum production

Rank Country/Region Platinum production (kilograms)
World 180,000
1 South Africa 130,000
2 Russia 22,000
3 Zimbabwe 15,000

What is platinum used for?

Platinum is used in jewelry, decoration and dental work. The metal and its alloys are also used for electrical contacts, fine resistance wires and medical / laboratory instruments. An alloy of platinum and cobalt is used to produce strong permanent magnets.

Which country imports the most gold?

Searchable List of Gold Importing Countries in 2019

Rank Importer Gold Imports (US$)
1. United Kingdom $70,790,587,000
2. Switzerland $60,674,360,000
3. China $43,931,878,000
4. India $32,161,590,000

What country does South Africa trade with the most?

South Africa incurred the highest trade surpluses with the following countries:

  • Botswana: US$2.9 billion (country-specific trade surplus in 2020)
  • United States: $2.7 billion.
  • United Kingdom: $2.5 billion.
  • Mozambique: $2.4 billion.
  • Netherlands: $2.4 billion.
  • Zimbabwe: $2.1 billion.
  • Namibia: $1.9 billion.
  • Japan: $1.9 billion.

1.02.2021

What food does South Africa export?

Citrus, wine, table grapes, corn and wool accounted for the largest exports by value. South Africa also exports nuts, sugar, mohair, apples and pears to name just a few products. South Africa imported $7.6 billion in agricultural and food products in FY 2019, which is a decrease of 3 percent from FY 2018.

What is the best business in South Africa?

75 best small business ideas in South Africa 2021

  1. Virtual or personal assistant. Image: pixabay.com. …
  2. Hairdressing services. …
  3. Interior designer. …
  4. Electronics repair services. …
  5. Social media consultancy. …
  6. Tutoring services. …
  7. Grocery delivery services. …
  8. Gardening and lawn care.
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27.01.2021

Hai Afrika!