South Africa

Trade Represenative

Trade Info*

South Africa is rich in mineral resources and is the world’s biggest exporter of chromium and platinum (9 percent of total exports) and the second largest exporter of manganese (9 percent). Other exports include: iron ores (14 percent), motor vehicles and car parts (9 percent), machinery and mechanical appliances (7 percent), gold (7 percent), coal (6 percent) and diamonds (2 percent).

Imports to South Africa rose 1.6 percent to ZAR 93.2 billion in March of 2016 from ZAR 91.7 billion in the previous month, as purchases of mineral products (+23 percent), plastics and rubber (+22 percent) and machinery and electronic (+4 percent) led the increase. Meanwhile, imports of textiles (-23 percent) and vehicles and transport equipment (-22 percent) fell.

Form of goverment

The Republic of South Africa is a constitutional democracy with three-tier system of government and an independent judiciary, operating in a parliamentary system. The legislative authority is held by the Parliament of South Africa.
Big image
Big image

More about South Africa

South Africa has a population of 52.98 million. The South African Rand is the currency of South Africa and the most popular South Africa Rand exchange rate is the ZAR to USD rate. 1 ZAR = .057 EUR and to USD is .064
Big image
Big image

Summary of South Africa Trade Policy

South Africa is the 36th largest export economy in the world and the 46th most complex economy according to the Economic Complexity Index (ECI). In 2014, South Africa exported $106B and imported $102B, resulting in a positive trade balance of $3.39B. In 2014 the GDP of South Africa was $350B and its GDP per capita was $13k. As of 2014 South Africa had a positive trade balance of $3.39B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $7.05B in net imports.

PROS of trading with South Africa

  1. With being top exporters of gold and rare minerals, the countries that trade with South Africa can expect scale in their economy since the revenues in this type of commerce brings a lot of money on the table.
  2. Trading with South Africa will open the door for a lot of other African countries that exports a lot of goods. Since South Africa already trade with the majority of them.

CONS of trading with South Africa

  1. The manufacturing sector, PMI fell to 43.5 which is very worrying for the entire nation's economy, thus its international trade.
  2. The unemployment rate is quite high in South Africa which makes it one of their top concern to resolve, thus may make skeptical the other traders about the implecation South Africa can have when they trade with them.

BENEFITS in trading with South Africa

Trading with South Africa is really beneficial in a lot of ways.

  • South Africa exports 229 products with revealed comparative advantage
  • South Africa had a positive trade balance of $3.39B in net exports
  • South Africa is a very recognized and well reputed country in the world due to its history and recent trades.


Holodny, Elena. "South Africa Has a Lot of Problems." Business Insider. Business Insider, Inc, 04 Feb. 2016. Web. 20 May 2016.

N.p., n.d. Web.

"South Africa." OEC. N.p., n.d. Web. 20 May 2016.

"" Government in South Africa. N.p., n.d. Web. 20 May 2016.

"USD per 1 ZAR - Past 24 Hrs." XE: (ZAR/USD) South African Rand to US Dollar Rate. N.p., n.d. Web. 20 May 2016.

"USD per 1 ZAR - Past 24 Hrs." XE: (ZAR/USD) South African Rand to US Dollar Rate. N.p., n.d. Web. 20 May 2016.