Insights for South Africa

MoM insights: In the month-on-month analysis, South Africa's imports from Saudi Arabia saw the highest increase with a trade value of 3.71 billion ZAR, reflecting a significant rise of 2.26 billion ZAR (approximately 156.73%). Other notable increases were from Nigeria (4.78 billion ZAR, up by 794.54 million ZAR or 19.95%) and Kuwait (1.82 billion ZAR, up by 791.53 million ZAR or 77.14%). Conversely, the largest declines in imports were from India (8.04 billion ZAR, down by 3.2 billion ZAR or -28.51%), Italy (2.32 billion ZAR, down by 1.95 billion ZAR or -45.73%), and Germany (8.02 billion ZAR, down by 1.64 billion ZAR or -16.98%). For exports, Germany led with 15.45 billion ZAR, increasing by 3.22 billion ZAR (26.34%), followed by the United States (12.39 billion ZAR, up by 2.1 billion ZAR or 20.44%) and Mozambique (5.35 billion ZAR, up by 1.72 billion ZAR or 47.56%). The largest decreases in exports were to the Netherlands (5.92 billion ZAR, down by 3.08 billion ZAR or -34.24%), China (18.17 billion ZAR, down by 2.9 billion ZAR or -13.78%), and South Korea (1.18 billion ZAR, down by 2.81 billion ZAR or -70.47%).

YoY insights: In the year-on-year analysis, imports from China were the highest at 33.28 billion ZAR, with an increase of 1.8 billion ZAR (5.72%). Nigeria followed with 4.78 billion ZAR, up by 1.15 billion ZAR (31.58%), and Oman with 4.34 billion ZAR, increasing by 701.27 million ZAR (19.21%). The largest declines were from India (8.04 billion ZAR, down by 4.92 billion ZAR or -37.99%), Germany (8.02 billion ZAR, down by 3.01 billion ZAR or -27.27%), and Bahrain (1.7 billion ZAR, down by 1.04 billion ZAR or -37.88%). For exports, Germany again topped the list with 15.45 billion ZAR, increasing by 4.99 billion ZAR (48.63%), followed by Hong Kong (3.85 billion ZAR, up by 2.59 billion ZAR or 202.51%) and the United Kingdom (9.17 billion ZAR, up by 2.42 billion ZAR or 35.95%). The largest decreases in exports were to Mozambique (5.35 billion ZAR, down by 2.37 billion ZAR or -30.68%), Belgium (4.05 billion ZAR, down by 2.33 billion ZAR or -36.58%), and Special Categories (14.14 billion ZAR, down by 2.06 billion ZAR or -12.73%).