South Africa

South Africa ranked No. 35 in total trade value through June with a total of $7.33 billion. Exports totaled $2.2 billion and Imports totaled $5.13 billion, a deficit of $2.93 billion.

U.S. trade with South Africa rose to $7.33 billion through June

South Africa’s trade with the United States rose to $7.33 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.17 percent above its total trade during the same time period last year. U.S. exports to South Africa decreased 18.05 percent while U.S. imports from South Africa rose 37.3 percent. The U.S. deficit with South Africa was $2.93 billion.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Houston; No. 3 Port of Charleston; No. 4 Port of Newark; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Port of Charleston; No. 3 Port of Houston; No. 4 Port of New Orleans and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 68.88 percent of South Africa’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 105.19 percent to $3.68 billion.
    Exports fell 25.49 percent to $158.54 million. Imports rose 122.77 percent to $3.52 billion.
  • Trade with No. 2 Port of Houston fell 7.8 percent to $431.28 million.
    Exports rose 19.9 percent to $266.03 million. Imports fell 32.8 percent to $165.25 million.
  • Trade with No. 3 Port of Charleston fell 32.15 percent to $355.91 million.
    Exports fell 33.97 percent to $260.19 million. Imports fell 26.65 percent to $95.72 million.
  • Trade with No. 4 Port of Newark fell 16.04 percent to $294.1 million.
    Exports fell 19.33 percent to $86.06 million. Imports fell 14.6 percent to $208.03 million.
  • Trade with No. 5 Port of New Orleans fell 30.62 percent to $284.6 million.
    Exports fell 6.68 percent to $49.7 million. Imports fell 34.19 percent to $234.9 million.

South Africa ranked No. 35 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 39.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to South Africa by value through June were the categories of Oil; Motor vehicle parts; Low value shipments; LNG, other petroleum gases; and Unwrought platinum in various forms, respectively. They accounted for 26.09 percent of total exports to South Africa.

The value of the top five categories of U.S. imports from South Africa –– Unwrought platinum in various forms; Gold; Articles with precious metals; Passenger vehicles; and Ferroalloys 7202 –– accounted for 70.72 percent of all inbound shipments.

Looking more closely at U.S. exports to South Africa:

  • Oil rose 481.42 percent compared to last year to $207.57 million.
  • Motor vehicle parts fell 35.64 percent compared to last year to $151.95 million.
  • Low value shipments fell 10.33 percent compared to last year to $91.91 million.
  • LNG, other petroleum gases rose 258.19 percent compared to last year to $66.32 million.
  • Unwrought platinum in various forms rose 54.39 percent compared to last year to $55.65 million.

Looking more closely at U.S. imports from South Africa:

  • Unwrought platinum in various forms rose 57.77 percent compared to last year to $1.44 billion.
  • Gold rose 2813.95 percent compared to last year to $1.19 billion.
  • Articles with precious metals rose 6144.36 percent compared to last year to $655.29 million.
  • Passenger vehicles rose 128.94 percent compared to last year to $187.83 million.
  • Ferroalloys 7202 fell 24.44 percent compared to last year to $155.74 million.

In the latest annual figures available, South Africa recorded $13.13 billion in trade with the United States. Total U.S. exports to South Africa were $ 5.33 billion and imports from South Africa were $7.8 billion. The U.S. deficit with South Africa was $2.47 billion.