News
China is South Africa’s biggest trade partner

China remains South Africa’s biggest country trade partner, with imports and exports of R 291.5 billion in 2015.

The European Union (EU) is our biggest regional trade partner, with imports and exports totalling R 535.3 billion.

South Africa records trade deficits with most major regions and countries of the world. Examples include a deficit of R 55.3 billion with Germany, R 13.1 billion with Italy and R 9.7 billion with Brazil.

The general exception is trade with other African countries where trade balances with non-oil producers are mostly in South Africa’s favour.

Oil and manufactured goods (particularly those with a high technology content) account for a large chunk of South
Africa’s imports. Exports are mainly materials extracted from the ground and products of the heavily subsidised local motor vehicle industry.

To read more visit Batering up other economies

jbay swim learn to swim

Tag
View News By Category
News Archive