Dublin, Jan 4, 2023 (GLOBE NEWSWIRE) — The “South African Trade Trends Report 2022” has been added to researchandmarkets.com offering.
This report on South African trade trends includes information on trends by region, country and product, various trade agreements and arrangements, and the impact of external shocks and recent events.
Since South Africa is a small and open economy, international trade can be seen as the engine room of its economy. A huge trade surplus in 2021 was driven by the commodity boom of the past two years that benefited mineral exports, while higher prices paid for imported oil, wheat, sunflower oil and fertilizers resulted in imported inflation.
South Africa’s business potential can only be fully unlocked if companies are globally competitive, which is difficult in the current environment of failing road, rail and port infrastructure, electricity shortages and work stoppages.
External factors
Events like the outbreak of the pandemic and the invasion of Ukraine can change the business landscape overnight. While they did not have a material effect on South Africa’s trade figures, there were effects on price, direction of trade and the supply chain.
External shocks caused an increase in the prices of raw materials and mineral exports, and affected the prices of some imported products. There was a significant change in the direction of coal exports as countries struggled to obtain alternative sources of coal and gas other than Russia. Major logistics bottlenecks generated additional freight costs.
Main products
Given South Africa’s high energy needs and its lack of energy resources, oil has consistently been the country’s main import. Other important imports include high value-added products and final consumer goods, as well as capital goods for the agricultural, mining, and manufacturing sectors. Imports also include intermediate goods used as inputs in manufacturing.
Oil was the main import product in 2021, followed by vehicles and spare parts, and machinery. Exports are largely based on commodities or agriculture, with metals and precious stones accounting for the largest share of exports.
Key topics covered:
1. INTRODUCTION
2. TRADE AS A CATALYST FOR ECONOMIC GROWTH IN SOUTH AFRICA
2.1. The changing landscape of South Africa’s trade and industrial policy
2.2. Contribution of trade to economic activity in South Africa
3. OVERALL SOUTH AFRICAN TRADE TRENDS
3.1. long-term trends
3.2. short term trends
4. SOUTH AFRICAN REGIONAL TRADE TRENDS
4.1. imports
4.2. exports
5. SOUTH AFRICA TRADE TRENDS BY PARTNER COUNTRY
5.1. imports
5.2. exports
6. SOUTH AFRICAN TRADE TRENDS BY PRODUCT
6.1. imports
6.2. exports
6.3. Exports – A Strategic Vision
7. SOUTH AFRICAN TRADE WITH CHINA
7.1. The implications for South Africa
8. SOUTH AFRICAN TRADE WITH AFRICA
8.1. General business trends
8.2. Business partners
8.3. Marketed products
8.4. intra-African trade
8.5. The African Continental Free Trade Area (AfCFTA)
8.6. Trade with Africa versus Trade with BRICS
8.7. red flags
9. MAIN TRADE AGREEMENTS/ARRANGEMENTS OF SOUTH AFRICA
9.1. Customs union
9.2. Free trade agreements
9.3. Preferential Trade Agreements (PTAs)
9.4. Non-reciprocal agreements
9.5. Non-reciprocal agreements
10. IMPACT OF EXTERNAL SHOCKS
11. PERSPECTIVE
12. REFERENCES
12.1. Publications
12.2. websites
For more information on this report, please visit https://www.researchandmarkets.com/r/em2enk
