South Africa

In 2014, the value of merchandise exports of South Africa decreased slightly by 4.7 percent to reach 90.6 bln US$, while its merchandise imports decreased slightly by 3.4 percent to reach 99.9 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 9.3 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Sub-Saharan Africa at 14.1 bln US$ (see graph 4). Merchandise exports in South Africa were diversified amongst partners; imports were also diversified. The top 24 partners accounted for 80 percent or more of exports and 23 partners accounted for 80 percent or more of imports (see graph 5). In 2013, the value of exports of services of South Africa decreased moderately by 6.5 percent, reaching 14.2 bln US$, while its imports of services decreased moderately by 7.2 percent and reached 16.4 bln US$ (see graph 2). There was a relatively small trade in services deficit of 2.2 bln US$.

Related Subject(s): International Trade and Finance

Countries: South Africa