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What is South Africa's main export?

By: Mark SlaunwhiteUpdated: April 12, 2021

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Chief exports include corn, diamonds, fruits, gold, metals and minerals, sugar, and wool. Machinery and transportation equipment make up more than one-third of the value of the country's imports.

Subsequently, one may also ask, what are the business sectors in South Africa?

SA's key economic sectors. Among the key sectors that keep South Africa's economic engine running are manufacturing, wholesale and retail trade, financial services, transport, mining, agriculture and tourism.

Subsequently, question is, what are the key industries?

The key industries covered in this report include Airports, Beverages, Defense, Food, Medical Devices, Mining, Oil and Gas, Packaging, Pharmaceutical, and Power.

What does South African economy depend on?

The South African economy is heavily dependent on mining – but in some sectors the real value of output has been on a declining trend as well as being volatile from month to month. South Africa is experiencing de-industrialisation – a falling share of industrial output and jobs as a share of total economic wealth.

What is South Africa's biggest import?

South Africa main imports are: machinery (23.5 percent of total imports), mineral products (15.1 percent), vehicles and aircraft vessels (10 percent), chemicals (10.9 percent), equipment components (8.1 percent) and iron and steel products (5.3 percent).

Related

Which country does South Africa trade with the most?

South Africa top 5 Export and Import partners
Market Trade (US$ Mil) Partner share(%)
China 8,551 9.14
Germany 6,709 7.17
United States 6,358 6.79
Unspecified 5,917 6.32

What is South Africa famous for producing?

South Africa is the world's biggest producer of gold and platinum and one of the leading producers of base metals and coal. The country's diamond industry is the fourth-largest in the world, with only Botswana, Canada and Russia producing more diamonds each year.

What does South Africa export to USA?

As the image shows the bulk of South African exports to the United States falls under Precious Metals, with it making up just under 30% of South Africa's total exports to the USA so far during 2019. This category includes gold, platinum and diamonds.

What are South Africa three most valuable exports?

Most Valuable South African Export Products
  • Platinum (unwrought): US$6.6 billion (up 9.2% since 2016)
  • Coal, solid fuels made from coal: $5.8 billion (up 50%)
  • Cars: $5.7 billion (up 7.6%)
  • Gold (unwrought): $5.2 billion (up 50.7%)
  • Iron ores, concentrates: $4.6 billion (up 27.5%)
  • Iron ferroalloys: $3.8 billion (up 7.6%)
  • Trucks: $3 billion (up 8%)

Which country has the #2 economy in Africa?

List of African countries by GDP (nominal)
2019 Rank Country Nominal GDP per capita (US$)
1 Nigeria 2,233.45
2 South Africa 6,331.46
3 Egypt 3,019.72
- EAC 1,257.48

What is South Africa known for?

From aardvarks to zebras, South Africa is bursting with wonderful wildlife! Although the country only makes up about one percent of the Earth's land surface, it's home to almost ten percent of the world's known bird, fish and plant species, and about six percent of its mammal and reptile species.

What is Kenya's biggest export?

Kenya's chief exports are horticultural products and tea. In 2005, the combined value of these commodities was US$1,150 million, about 10 times the value of Kenya's third most valuable export, coffee. Kenya's other significant exports are petroleum products, sold to near neighbours, fish, cement, pyrethrum, and sisal.

Does South Africa import or export more?

10 February 2020: South Africa's biggest trading partners for December 2019. 8 billion positive trade balance with the rest of the world. Basically South Africa exported R14. 8 billion more in goods than what it imported.

Why is South Africa important to the US?

South Africa is a strategic partner of the United States, with strong collaboration in the areas of health, education, environment, and digital economy. As a strong democracy and sub-Saharan Africa's most developed economy, South Africa plays a key economic and political role on the African continent.

What is Africa's largest export?

In the south and central regions, precious metals and minerals are the biggest exports. This includes gold in Tanzania and South Africa, diamonds in Namibia and the Democratic Republic of the Congo and platinum in Zimbabwe.

What is made in South Africa?

Manufacturing in South Africa is dominated by the following industries:
  • Agriprocessing.
  • Automotive.
  • Chemicals.
  • ICT and electronics.
  • Metals.
  • Textiles, clothing and footwear.

What food does South Africa export?

In 2018, South Africa's agricultural exports grew by 7% y/y to US$10.6bn, a record level in a dataset starting from 2001. This was underpinned by increased exports of oranges, grapes, wine, maize, apples, wool, lemons, mandarins and pears, amongst other products.

What makes South Africa unique?

South Africa is the world's biggest producer of gold, platinum, chromium, vanadium, manganese and alumino-silicates. It also produces almost 40% of the world's chrome and vermiculite. Durban is the largest port in Africa and the ninth largest in the world. South Africa generates two-thirds of Africa's electricity.

What does South Africa import from India?

South Africa imports from India Value Year
Mineral fuels, oils, distillation products $472.18M 2018
Electrical, electronic equipment $267.23M 2018
Machinery, nuclear reactors, boilers $263.73M 2018
Organic chemicals $165.48M 2018

Does South Africa export oil?

South Africa does not export oil and gas. Gas is imported into South Africa via the Mozambique transmission pipeline, subject to the licensing regime under the Gas Act, in terms of which trading and distribution licences must be obtained from the National Energy Regulator of South Africa (NERSA).

What are the four types of industries?

There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing.