Exports: The top exports of South Africa are Gold ($16.8B), Platinum ($9.62B), Cars ($7.61B), Iron Ore ($6.73B), and Coal Briquettes ($5.05B), exporting mostly to China ($16.7B), United Kingdom ($8.5B), Germany ($8.1B), United States ($6.83B), and India ($6.03B).
What is South Africa’s biggest export?
South Africa is very open to international trade, which represents 59.2% of the country’s GDP. The country mainly exports platinum (9.3%), motor vehicles (7.5%), iron ores (6.5%), coal and similar solid fuels (5.3%) and gold (5.2%).
What are South Africa’s top 5 exports?
South Africa’s Top 5 Commodity Exports
- Gold – $17.9 billion.
- Platinum – $9.1 billion.
- Coal Briquettes – $6.7 billion.
- Iron Ore – $4.7 billion.
- Ferroalloys – $4.0 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).
What is Africa’s biggest export?
Mineral fuels, including oil, hold the largest share of exports with $5.1bn making up 19.5% of total exports. The second biggest sector is gems and precious metals at $2.1bn, accounting for 8.2% of all exports.
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 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.
What are South Africa three most valuable exports?
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.
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 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.
Where does South Africa get its oil from?
Almost 40% of South Africa’s crude oil imports comes from Saudi Arabia. Nigeria is the 2nd biggest contributor to South Africa’s crude oil imports, with almost 30% of all of South Africa’s crude oil imports coming from Nigeria.
What does South Africa export to 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.
Does South Africa import meat?
In 2018, South Africa imported almost 520,000 tonnes of chicken meat to augment local production, up of 2% from 2017. It is estimated that this will increase by 5% in 2019 to 545,000 tonnes due to a decrease in local production on relative higher feed cost.
Who is Africa’s largest trading partner?
China is currently Africa’s largest trading partner, having surpassed the US in 2009.
Who is the biggest exporter in the world?
China has been the largest exporter of goods in the world since 2009. 1 Official estimates suggest the country’s total exports amounted to $2.641 trillion in 2019. 2 In 2013, China became the largest trading nation in the world.
What is South Africa’s main source of income?
South Africa: Economy
|Economic Trivia||South Africa has the largest economy in Africa.|
|Top Industries||Mining (Platinum, Gold, Chromium); Automobile Assembly; Metalworking; Machinery|