What do South Africa trade with China?

What does South Africa trade with China?

The top five products that were exported to China during the second quarter were ores, iron and steel, wood pulp, copper and fruit and nuts, altogether accounting for 88% of South Africa’s total exports to China by value.

What does South Africa export to China?

South Africa’s main export products include a variety of primary products such as mineral resources (chromium, platinum, manganese, and iron ores), motor vehicles and car parts, machinery and mechanical appliances. Its main export partners are China, the United States, Japan, Botswana and Germany.

What does Africa trade with China?

This included Chinese imports from Africa equalling US$93 billion, consisting largely of mineral ores, petroleum, and agricultural products and Chinese exports to Africa totalling $93 billion, consisting largely of manufactured goods.

Does South Africa have a trade agreement with China?

China’s trade with South Africa has become more important in recent years, and a SACU-China free trade agreement has been proposed to further strengthen this trade relationship. This paper examines the relevance of this proposed trade policy for further enhancing bilateral trade flows and development in SACU.

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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%

How many Chinese live in South Africa?

South Africa is host to the largest population of Chinese on the African continent, with estimates ranging from 250,000 – 350,000.

Which country is South Africa’s biggest trading partner?

South Africa’s top trading partners are China, Germany, the United States, the UK, India and Japan. South Africa is the EU’s largest trading partner in Africa.

Main Partner Countries.

Main Customers (% of Exports) 2019
China 10.7%
Germany 8.0%
United States 7.0%
United Kingdom 5.2%

What does South Africa import the most?

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).

What does South Africa export to USA?

This category includes gold, platinum and diamonds. The second biggest export category for South Africa to the USA is products of Iron and Steel with just over 18% of South African exports to the USA and the third biggest export category being Mineral products with just under 16%. This category includes iron ore.

Who is Africa’s biggest trading partner?

In 2020, the largest trade partner for Africa was the EU with 28 % of both exports and imports. In exports it was followed by other African countries (23 %) and China (8 %). For imports these two had switched places, China (16 %) was second and other African countries (13 %) were third.

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How much money does China invest in Africa?

China has staked a lot on Africa. In 2018, its trade with the continent rose by 19.7%, while increasing by just 12% with the rest of the world. During that same year, China’s investments on the continent climbed to $5.4bn, whereas Latin America received a mere $1.9bn in funding.

How old is Africa China?

42 years (July 8, 1978)

What is China’s relationship with South Africa?

China has been South Africa’s largest trading partner for nine years in a row, and South Africa has become China’s largest trading partner in Africa for eight consecutive years. Two-way trade totalled $39.17-billion in 2017, more than 20 times the figure at the start of our diplomatic engagement.

How much does South Africa owe China?

South Africa is estimated to owe the equivalent of 4% of its annual GDP to China.

Is China better than South Africa?

China with a GDP of $13.6T ranked the 2nd largest economy in the world, while South Africa ranked 35th with $368.3B.

Gross Domestic Product & Income.

Stat China South Africa
Population 1.4B 57.7M
GDP per capita $9.8k $6.4k
GDP per capita growth 6.08% -0.57%
Purchasing Power Parity conversion factor 3.54 6.16
Hai Afrika!