The value of South Africa’s wine exports grew 4% in 2018 but current shortages of stock meant volume exports fell 6%. Lead a safe business using our blockchain technology. South Africa has a dual economy, writes World Bank country director Paul Noumba Um in the Overcoming Poverty and Inequality report. Doing Business in Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. This page provides forecast and historical data, charts, statistics, news and updates for South Africa Net Exports. Data Source: World Bank South Africa recorded a trade surplus of R3.7 billion in December 2009, according to the South African Revenue Service (SARS). In 2017, the main export partner of South Africa was China, with a share of 9.5 percent in exports. South African citrus exports, both globally and to the United States, are expected to reach record levels in 2020, according to a report from the U.S. Department of Agriculture’s Foreign Agricultural Service (USDA/FAS). South Africa Country Commercial Guide. Iron ore is in demand for construction projects around the world and the value of iron exports has grown by 2.34% in the most recent five-year period. The summary below shows the top 5 export destinations for South African exports during May 2019: China (11.0%) United States (7.2%) Germany (6.8%) United Kingdom (6.1%) Japan (5.4%) So just over 10% of South Africa's exports in May 2019 headed to China, with just over 7% heading to the United Sates. Read more South Africa is the third largest exporter of iron ore and has a 5% share of a global export market valued at $95.1 billion annually. “On the one hand is a small high-skilled, high-productivity economy and on the other hand, a large low-skilled, low-productivity one. This statistic shows the main export partner countries for South Africa in 2017. ... and other issues that affect trade. Download Historical Data Save as Image. South Africa exports for 2016 was $90.63B, a 5.37% decline from 2015. South Africa exports for 2017 was $103.56B, a 14.27% increase from 2016. South Africa’s trade, exports and imports are heavily dependent on the nation’s natural resources and the government’s highly liberal trade incentives. Local production of hand sanitisers in South Africa has contributed to saving lives in South Africa and earning export revenues for the country. South Africa exports for 2018 was $110.14B, a 6.35% increase from 2017. 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. 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