All Rights Reserved. Africa can capitalise on international trade wars by stepping up its export capabilities, says NWU trade expert. by service: imports or exports; by country: imports or exports Exports to all but a handful of countries declined; the exceptions are some countries in Asia and the Middle East – Vietnam (coal and iron ores), Saudi Arabia (lemons, hydrocarbons and phosphoric acid), Thailand (hydrocarbons and chemical wood pulp), Turkey (aluminium and non-alloy pig iron), Iraq (lemons) and Qatar (lemons, lamb, beef, pears, apples and vegetables). var path = 'hr' + 'ef' + '='; To address inequality in education, the Outlook appeals for progressive universalism in education spending—setting high priorities for the poor and disadvantaged and for basic education, where social returns are highest. African Export-Import Bank - Transforming Africa's Trade. [1]  pdf Merchandise Trade Statistics for March 2020 including BELN (SARS) (261 KB), [2]  pdf Merchandise Trade Statistics for April 2020 including BELN (SARS) (262 KB). Be constructive and on-topic. Between June and November 2020, permits for the export of hand sanitisers to 30 other African countries totalled R1,66 billion. Not only did South Africa’s world imports decline by US$1 billion between March and April 2020; intra-Africa imports more than halved. A full list of country and time period coverage is available here.. Data are in current U.S. dollars. The only other region with a higher export dependence on the rest of the world is Oceania. This email address is being protected from spambots. The Bank was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade. The import data started to show changes in the trade in medicines and medical equipment (see an earlier tralac Blog here). In 2019 imports were £11.5 bn while exports were worth £1.3 bn, giving a trade gap of £10.2 bn. 2019 Trade Map 1: Entering Trade Map 2019 Trade Map 1: Entering Trade Map; 2019 Trade Map 2: Tables Structure and content Part I 2019 Trade Map 2: Tables Structure and content Part I var addyfc3398a4dd29c20388adf9006d68258c = 'info' + '@'; However, imports from other African countries did improve from March including semi-manufactured gold imported from Namibia; crude petroleum from Angola; cashews (from Tanzania and Benin); black tea (Malawi and Tanzania); coffee (from Tanzania and Ethiopia) and dried kidney beans from Ethiopia. Your username will be emailed to the email address on file. South Africa’s overall intra-Africa exports more than halved between March and April 2020, but intra-Africa exports of crude soya bean oil and sugar in solid form each doubled and exports of disinfectants increased by US$4.4 million. View international trade statistics by country or region to obtain the following (i) country or region's overall exports, imports and tariffs (i) details of exports and imports with various partner countries along with partner share and Most Favored Nation (MFN) and … Total Exports (2019) $89,395,988,333 : Total Imports (2019) $88,037,490,927 : Trade Balance (2019) $1,358,497,406 : Exports of goods and services (% of GDP) (2019) 29.85%: Imports of goods and services (% of GDP) (2019) 29.35% Exports of rhodium (to UK, Japan and Korea), lemons, hydrocarbons and sugar in solid form (to Malaysia and China) increased significantly. South Africa exports for 2017 was $103.56B, a 14.27% increase from 2016. If you are targeting the African buyers in new and emerging African markets, here is a list of 10 major African imports based on current Africa import and export statistics: Automobiles. Once you have received the verification code, you will be able to choose a new password for your account. In 2015–19 Asia and Oceania accounted for 74 % of Chinese arms exports, Africa for 16 % and the Middle East for 6.7 %. The 2020 Outlook highlights, however, that growth has been less than inclusive. The special theme this year is delivering education and skills for Africa’s workforce of the future. Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Sub-Saharan Africa imports for 2019 was $459.71B, a … A-Z Regions For imports these two had switched places, second was China (16 %) and third were other African countries (13 %). (Quarterly/Fuel imports as percent of total exports) T19.Q.RU.$ (Quarterly/Ratio of unit value indices of MGX and FM/$) Historical Data 1900-1960 on IMTS This adds granularity to the more aggregated analysis conducted in the first part of the report. Policy actions should include measures to improve both the quantity and the quality of education and align education policy with labor market needs. Only about a third of African countries achieved inclusive growth, reducing both poverty and inequality. South Africa exports for 2019 was $104.92B, a 4.75% decline from 2018. South Africa posted a current account surplus in the first quarter of 2020, Reserve Bank data showed on Thursday 2 July. These included exports to … From January 2020 to February 2020 the … The Outlook shows that public expenditures on education and infrastructure are highly complementary, as investing in both has a much greater payoff than investing exclusively in just one. The automobile industry provides innumerable lucrative opportunities in this rapidly growing continent. We reserve the right to delete or reject any comment or ban any user who violates our community code of conduct. Africa Imports is the largest wholesale supplier of Afrocentric and ethnic products in the US. Merchandise Trade summary statistics data for Sub-Saharan Africa (SSF) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year South Africa exports for 2016 was $90.63B, a 5.37% decline from 2015. Africa’s economic growth has stabilized at 3.4 percent in 2019 and is expected to pick up to 3.9 percent in 2020 and 4.1 percent in 2021 but to remain below historical highs. Comments with obscene, sexist, racist or otherwise derogatory language will be deleted. Be appropriate. African countries have a lot to gain from a US-China trade war, with opportunities for the continent to step up its services and product export capabilities. The trade deficit can be attributed mainly to a significant decline in total exports – in comparison with March 2020 and April 2019 exports more than halved. managed by. T19.Q.FX. Overview: This page contains the latest international trade data for Tanzania, including service trade data, and tariffs.In 2018 Tanzania was the number 80 economy in the world in terms of GDP (current US$), the number 106 in total exports, the number 98 in total imports, and the number 84 most complex economy according to the Economic Complexity Index (ECI). As more African countries locked down their economies imports from some African countries, including neighbouring Botswana, Zimbabwe and Lesotho and Zambia, Mauritius, Ivory Coast, Kenya reduced to almost zero. South Africa has enjoyed relative macroeconomic stability but is facing increasingly strong headwinds due to the 2020 COVID-19 pandemic. The South African economy recorded its third consecutive quarter of economic decline, falling by 2,0% (seasonally adjusted and annualised) in the first quarter of 2020.1 This followed a contraction of -1,4% and -0,8% in the fourth and third quarters of 2019, respectively. The largest export and import partner for Africa is the EU-27 with 31 % of exports and 29 % of imports. Be considerate. Email This email address is being protected from spambots. GDP falls by 2,0%. var prefix = 'ma' + 'il' + 'to'; Imports in South Africa increased to 113026.61 ZAR Million in October from 102245.01 ZAR Million in September of 2020. source: South African Revenue Service. A decade earlier, it saw an export increase of 133 per cent. Please enter the email address associated with your User account. The share of exports from Africa to the rest of the world ranged from 80% to 90% in 2000 –2017. World merchandise trade is set to plummet by between 13 and 32% in 2020 due to the COVID-19 pandemic. Comments containing personal attacks, insults or threats will be deleted. While traditional imports (crude petroleum oils, motor vehicles and original vehicle component parts, televisions and mobile telephones) declined, the data reflected South Africa’s increased demand for products with medical applications (rare gases (Algeria), medicaments (Uganda), masks (China and Hong Kong), portable data-processing machines (China) and laboratory reagents (US, Korea, Germany, China and Sweden)) and staple food items (wheat from Poland, Russia and Lithuania; rice from Thailand, Brazil and Pakistan; and oilcake from Argentina). 1 Until ACLED has at least one full year of coverage, US data will not be uploaded to the API in order to avoid introducing artificial spikes. Before submitting your comment, please take note of our comments policy. Note: While ACLED has begun releasing real-time data for the United States, these data are not yet available through the API, the Data Export Tool, or the Curated Data files. The good news, though, is that by enhancing the efficiency of education spending—now at 58 percent for primary schooling—African countries could almost reach universal primary enrollment, without increasing spending at all. About Afreximbank . South Africa’s March 2020 trade data[1] showed that measures adopted by its global trade partners to curb the spread of COVID-19 mainly impacted South Africa’s imports. Growth’s fundamentals are also improving, with a gradual shift from private consumption toward investment and exports. Community comments do not reflect the views of tralac, unless stated otherwise. Willemien Viljoen holds a Master’s degree in Economics and a Bachelor of Laws degree (LLB) from the University of Stellenbosch. Please enter the email address for your account. ; A 2021 recovery in trade is expected, but dependent on the duration of the outbreak and the effectiveness of the policy responses. Imports in South Africa averaged 21102.61 ZAR Million from 1957 until 2020, reaching an all time high of 125722.98 ZAR Million in October of 2018 and a record low of 66.10 ZAR Million in September of 1961. This site has the biggest selection anywhere of wholesale African clothing, African Black soaps, African artwork, African Musical instruments, and black skincare products. This requires expanding access to schools in remote areas, increasing incentives to invest in education, developing a demand-driven education system that caters to employers’ needs, investing in nutrition to help poorer children, and building STEM and ICT capacity. As the pandemic spreads throughout the African continent, and more specifically, as countries adopted restrictive measures, the April 2020 data[2] also shows a change in South Africa’s trade with other African countries, especially with regards to exports. South Africa’s March 2020 trade data [1] showed that measures adopted by its global trade partners to curb the spread of COVID-19 mainly impacted South Africa’s imports. Furthermore, South Africa also increased exports to some east and west African countries – Ethiopia (maize seed and herbicides), Djibouti (coal), Togo (polyethylene), Burundi (printed books and brochures) and Libya (adhesive dressings). In June and July of this year imports were close to half of imports for the same respective months in 2019. Keep comments relevant to the article and replies relevant to the initiating post. A verification code will be sent to you. Her research interests are in regional integration and international trade policy, and specifically in issues pertaining to non-tariff barriers to trade, trade data analysis and modeling and trade and climate change. Between June and July 2020 exports to the RoW increased by 7 percent and RoW exports for July 2020 were 15 percent higher than for July 2019. For July 2020, 78 percent of exports were to countries outside Africa (rest of the world (RoW)). MAIN POINTS. You need JavaScript enabled to view it. In its last part, the report provides short-to-medium term forecasts on the evolution of key macroeconomic indicators for all 54 regional member countries, as well as analysis on the state of socio-economic challenges and progress made in each country. Lead to a significant trade deficit ) encourages relevant, topic-related discussion and debate... In 2000 –2017 lower in Africa than in developing and emerging Asia Laws degree LLB! 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