Overview In June 2024 South Africa exported ZAR165B and imported ZAR148B, resulting in a positive trade balance of ZAR17.2B. Between June 2023 and June 2024 the exports of South Africa have increased by ZAR6.23B (3.93%) from ZAR159B to ZAR165B, while imports decreased by ZAR-23.3B (-13.6%) from ZAR171B to ZAR148B.
Trade In June 2024, the top exports of South Africa were Platinum (ZAR15.7B), Gold (ZAR14.5B), Cars (ZAR10.3B), Iron Ore (ZAR9.33B), and Coal Briquettes (ZAR8.66B). In June 2024 the top imports of South Africa were Refined Petroleum (ZAR18.7B), Commodities not elsewhere specified (ZAR14.1B), Crude Petroleum (ZAR7.59B), Cars (ZAR5.72B), and Telephones (ZAR4.07B).
Origins In June 2024 the exports of South Africa were mainly from O.R. Tambo Int Airport (ZAR22.8B), Durban (ZAR22.6B), Richards Bay (ZAR15.9B), Sa Reserwebank (ZAR14.5B), and Saldanha Bay (ZAR11.7B), while imports destinations were mainly Durban (ZAR71.7B), O.R. Tambo Int Airport (ZAR22.5B), Cape Town (ZAR15B), Port Elizabeth (ZAR12.1B), and East London (ZAR4.35B).
Destinations In June 2024, South Africa exported mostly to China (ZAR20.9B), Special Categories (ZAR14.7B), United States (ZAR14.4B), Germany (ZAR10.8B), and Mozambique (ZAR10B), and imported mostly from China (ZAR31.1B), Germany (ZAR9.99B), India (ZAR9.54B), United States (ZAR9.44B), and Oman (ZAR6.75B).
Growth In June 2024, the increase in South Africa's year-by-year exports was explained primarily by an increase in exports to Special Categories (ZAR7.23B or 97%), India (ZAR2.52B or 46.3%), and United States (ZAR2.44B or 20.4%), and product exports increase in Gold (ZAR7.15B or 97.7%), Cars (ZAR4.01B or 64%), and Manganese Ore (ZAR2.75B or 64.2%). In June 2024, the decrease in South Africa's year-by-year imports was explained primarily by an decrease in imports from China (ZAR-8.85B or -22.1%), United States (ZAR-4.99B or -34.6%), and Germany (ZAR-3.21B or -24.3%), and product imports decrease in Electric Batteries (ZAR-4.82B or -79.9%), Refined Petroleum (ZAR-4.72B or -20.2%), and Semiconductor Devices (ZAR-2.9B or -85.4%).
