Exports of Prepared Foodstuffs Beverages & Tobacco in South Africa decreased to 4221.39 ZAR Million in October from 4524.02 ZAR Million in September of 2020. Be respectful. The largest export and import partner for Africa is the EU-27 with 31 % of exports and 29 % of imports. The efficiency of education spending is much lower in Africa than in developing and emerging Asia. Africa’s economic growth has stabilized at 3.4 percent in 2019 and is expected to pick up to 3.9 percent in 2020 and 4.1 percent in 2021 but to remain below historical highs. South Africa, the continent’s most developed industrial economy, sold services worth more than $16bn to the world in 2017, against $10bn worth of car exports that year. The automobile industry provides innumerable lucrative opportunities in this rapidly growing continent. For imports these two had switched places, second was China (16 %) and third were other African countries (13 %). Building capacity to help Africa trade better, South Africa’s April 2020 trade statistics – reduced exports lead to a significant trade deficit. Comparing April 2019 and March 2020 world exports with the April 2020 data shows traditional exports (coal, iron ores, platinum and ferro-chromium) decreased by between 25% and 50%. Data are in current U.S. dollars. Policy actions should include measures to improve both the quantity and the quality of education and align education policy with labor market needs. Imports in South Africa increased to 113026.61 ZAR Million in October from 102245.01 ZAR Million in September of 2020. source: South African Revenue Service. In its last part, the report provides short-to-medium term forecasts on the evolution of key macroeconomic indicators for all 54 regional member countries, as well as analysis on the state of socio-economic challenges and progress made in each country. The import data started to show changes in the trade in medicines and medical equipment (see an earlier tralac Blog here). The share of exports from Africa to the rest of the world ranged from 80% to 90% in 2000 –2017. GDP falls by 2,0%. ; Nearly all regions will suffer double-digit declines in trade volumes in 2020, with exports from North America and Asia hit hardest. South Africa's Revenue Service (SARS) released the latest trade statistics numbers and we take a look at South Africa's top 5 trading partners for both imports and exports as well as covering the value of our exports and imports for February 2020. The economy expanded by 0.8% in 2018 and by 0.2% to $350 billion in 2019. In 2019 imports were £11.5 bn while exports were worth £1.3 bn, giving a trade gap of £10.2 bn. The April 2020 trade data released by the South African Revenue Service (SARS) shows how South Africa’s lockdown and the demand for medical equipment are shaping South Africa’s pattern of trade with the rest of the world. For the first time in a decade, investment accounted for more than half the continent’s growth, with private consumption accounting for less than one third. By posting comments on our website, you’ll be contributing to ongoing conversations about important trade-related issues for African countries. Overview: This page contains the latest international trade data for Tanzania, including service trade data, and tariffs.In 2018 Tanzania was the number 80 economy in the world in terms of GDP (current US$), the number 106 in total exports, the number 98 in total imports, and the number 84 most complex economy according to the Economic Complexity Index (ECI). Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. A verification code will be sent to you. Merchandise Trade summary statistics data for Sub-Saharan Africa (SSF) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year Tel +27 21 880 2010 Fax +27 21 880 2083, © 2020 TRALAC TRADE LAW CENTRE NPC, 2001/020251/08. You need JavaScript enabled to view it. Key policies to improve spending efficiency and education quality include conducting education expenditure audits and reviews, improving teacher quality, and using performance based financing. South Africa’s overall intra-Africa exports more than halved between March and April 2020, but intra-Africa exports of crude soya bean oil and sugar in solid form each doubled and exports of disinfectants increased by US$4.4 million. Note: While ACLED has begun releasing real-time data for the United States, these data are not yet available through the API, the Data Export Tool, or the Curated Data files. Your username will be emailed to the email address on file. The 2020 Outlook highlights, however, that growth has been less than inclusive. If you are targeting the African buyers in new and emerging African markets, here is a list of 10 major African imports based on current Africa import and export statistics: Automobiles. The second largest groups in terms of imports in 2019 were meat and beverages with imports … Yearly Trade by Commodity Statistics 2001-2019. by product group: imports or exports; by country: imports or exports; Monthly Trade by Commodity Statistics 2002-2020. by product group: imports or exports; by country: imports or exports; Trade in Services Statistics 2000-2018 . Once you have received the verification code, you will be able to choose a new password for your account. Be constructive and on-topic. var addy_textfc3398a4dd29c20388adf9006d68258c = 'info' + '@' + 'tralac' + '.' + 'org';document.getElementById('cloakfc3398a4dd29c20388adf9006d68258c').innerHTML += ''+addy_textfc3398a4dd29c20388adf9006d68258c+'<\/a>'; Keep comments relevant to the article and replies relevant to the initiating post. Willemien Viljoen holds a Master’s degree in Economics and a Bachelor of Laws degree (LLB) from the University of Stellenbosch. You need JavaScript enabled to view it. In June and July of this year imports were close to half of imports for the same respective months in 2019. As more African countries locked down their economies imports from some African countries, including neighbouring Botswana, Zimbabwe and Lesotho and Zambia, Mauritius, Ivory Coast, Kenya reduced to almost zero. var addyfc3398a4dd29c20388adf9006d68258c = 'info' + '@'; For March 2020 South Africa had a trade surplus of US$1.5 billion; for April this changed to a deficit of US$1.9 billion, a deficit of US$1.6 billion more than the US$242 million trade deficit recorded for April 2019. Comments with obscene, sexist, racist or otherwise derogatory language will be deleted. South Africa has enjoyed relative macroeconomic stability but is facing increasingly strong headwinds due to the 2020 COVID-19 pandemic. South Africa posted a current account surplus in the first quarter of 2020, Reserve Bank data showed on Thursday 2 July. addyfc3398a4dd29c20388adf9006d68258c = addyfc3398a4dd29c20388adf9006d68258c + 'tralac' + '.' + 'org'; Exports to all but a handful of countries declined; the exceptions are some countries in Asia and the Middle East – Vietnam (coal and iron ores), Saudi Arabia (lemons, hydrocarbons and phosphoric acid), Thailand (hydrocarbons and chemical wood pulp), Turkey (aluminium and non-alloy pig iron), Iraq (lemons) and Qatar (lemons, lamb, beef, pears, apples and vegetables). South Africa recorded a trade deficit with most trade partners, except some African countries, the UK, Netherlands, Vietnam and the UAE. African Economic Outlook 2020: Developing Africa’s workforce for the future, Macro-economics Policy, Forecasting and Research, Gender, Poverty and Environmental Indicators on African Countries, East Africa Economic Outlook 2020 - Coping with the COVID-19 Pandemic, Southern Africa Economic Outlook 2020 - Coping with the COVID-19 Pandemic, African Economic Outlook (AEO) 2019 - Kiswahili Version, African Economic Outlook (AEO) 2019 - Amharic Version, African Economic Outlook (AEO) 2019 - Hausa Version, African Economic Outlook (AEO) 2019 - Yoruba Version, African Economic Outlook (AEO) 2019 - Pidgin English Version, African Economic Outlook (AEO) 2019 - Arabic Version, African Economic Outlook (AEO) 2019 - Portuguese Version, African Economic Outlook (AEO) 2019 - Zulu Version, Regional Economic Outlook 2019 - North Africa, Regional Economic Outlook 2019 - Southern Africa, Regional Economic Outlook 2019 - East Africa, Regional Economic Outlook 2019 - Central Africa, Regional Economic Outlook 2019 - West Africa, African Economic Outlook (AEO) 2018 - Hausa version, African Economic Outlook (AEO) 2018 - Swahili version, African Economic Outlook (AEO) 2018 - Arabic version, Independent Development Evaluation (IDEV). African Export-Import Bank - Transforming Africa's Trade. About Afreximbank . Take responsibility for the quality of the conversations you take part in and respect others and their opinions. Overview: In August 2020 South Africa exported ZAR126B and imported ZAR91.3B, resulting in a positive trade balance of ZAR34.7B.Between August 2019 and August 2020 the exports of South Africa have increased by ZAR8.87B (7.58%) from ZAR117B to ZAR126B, while imports decreased by ZAR-23.9B (-20.7%) from ZAR115B to ZAR91.3B. The good news, though, is that by enhancing the efficiency of education spending—now at 58 percent for primary schooling—African countries could almost reach universal primary enrollment, without increasing spending at all. These included exports to … The South African economy recorded its third consecutive quarter of economic decline, falling by 2,0% (seasonally adjusted and annualised) in the first quarter of 2020.1 This followed a contraction of -1,4% and -0,8% in the fourth and third quarters of 2019, respectively. Comments containing personal attacks, insults or threats will be deleted. For July 2020, 78 percent of exports were to countries outside Africa (rest of the world (RoW)). China is the world’s fifth-largest arms exporter contributing 5.5% to global arms exports. However, imports from other African countries did improve from March including semi-manufactured gold imported from Namibia; crude petroleum from Angola; cashews (from Tanzania and Benin); black tea (Malawi and Tanzania); coffee (from Tanzania and Ethiopia) and dried kidney beans from Ethiopia. Main source markets were already, or were going into lockdown leading to an overall decline in imports, while exports remain largely unchanged. ; A 2021 recovery in trade is expected, but dependent on the duration of the outbreak and the effectiveness of the policy responses. This was the first surplus since 2003 and would often be … var path = 'hr' + 'ef' + '='; A-Z Regions South Africa exports for 2016 was $90.63B, a 5.37% decline from 2015. Please enter the email address for your account. In exports it was followed by other African countries (16 %) and China (11 %). As the pandemic spreads throughout the African continent, and more specifically, as countries adopted restrictive measures, the April 2020 data[2] also shows a change in South Africa’s trade with other African countries, especially with regards to exports. From January 2020 to February 2020 the … A full list of country and time period coverage is available here.. This adds granularity to the more aggregated analysis conducted in the first part of the report. 2019 Trade Map 1: Entering Trade Map 2019 Trade Map 1: Entering Trade Map; 2019 Trade Map 2: Tables Structure and content Part I 2019 Trade Map 2: Tables Structure and content Part I [1]  pdf Merchandise Trade Statistics for March 2020 including BELN (SARS) (261 KB), [2]  pdf Merchandise Trade Statistics for April 2020 including BELN (SARS) (262 KB). World merchandise trade is set to plummet by between 13 and 32% in 2020 due to the COVID-19 pandemic. We reserve the right to delete or reject any comment or ban any user who violates our community code of conduct. The special theme this year is delivering education and skills for Africa’s workforce of the future. Furthermore, South Africa also increased exports to some east and west African countries – Ethiopia (maize seed and herbicides), Djibouti (coal), Togo (polyethylene), Burundi (printed books and brochures) and Libya (adhesive dressings). Her research interests are in regional integration and international trade policy, and specifically in issues pertaining to non-tariff barriers to trade, trade data analysis and modeling and trade and climate change. All Rights Reserved. Between June and July 2020 exports to the RoW increased by 7 percent and RoW exports for July 2020 were 15 percent higher than for July 2019. To address inequality in education, the Outlook appeals for progressive universalism in education spending—setting high priorities for the poor and disadvantaged and for basic education, where social returns are highest. (Quarterly/Fuel imports as percent of total exports) T19.Q.RU.$ (Quarterly/Ratio of unit value indices of MGX and FM/$) Historical Data 1900-1960 on IMTS Africa can capitalise on international trade wars by stepping up its export capabilities, says NWU trade expert. South Africa exports for 2017 was $103.56B, a 14.27% increase from 2016. managed by. Not only did South Africa’s world imports decline by US$1 billion between March and April 2020; intra-Africa imports more than halved. Despite progress in recent decades, Africa still lags behind other developing regions in education and skill development. South Africa’s trade surplus swelled to a record after eased lockdown restrictions allowed more exports, while demand for imports weakened. African countries have a lot to gain from a US-China trade war, with opportunities for the continent to step up its services and product export capabilities. The Outlook shows that public expenditures on education and infrastructure are highly complementary, as investing in both has a much greater payoff than investing exclusively in just one. The Bank was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade. South Africa exports for 2019 was $104.92B, a 4.75% decline from 2018. While traditional imports (crude petroleum oils, motor vehicles and original vehicle component parts, televisions and mobile telephones) declined, the data reflected South Africa’s increased demand for products with medical applications (rare gases (Algeria), medicaments (Uganda), masks (China and Hong Kong), portable data-processing machines (China) and laboratory reagents (US, Korea, Germany, China and Sweden)) and staple food items (wheat from Poland, Russia and Lithuania; rice from Thailand, Brazil and Pakistan; and oilcake from Argentina). Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Only about a third of African countries achieved inclusive growth, reducing both poverty and inequality. South Africa’s April 2020 trade statistics – reduced exports lead to a significant trade deficit. 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