South Africa Imports
Category: South Africa Imports
In 2016 South Africa imported $73.7B, making it the 33rd largest importer in the world. During the last five years the imports of South Africa have decreased at an annualized rate of -6.084%, from $111B in 2011 to $73.7B in 2016. The most recent imports are led by Crude Petroleum which represent 8.87% of the total imports of South Africa, followed by Unspecified, which account for 8.14%.
As of 2016 South Africa had a negative trade balance of $4.57B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $7.05B in net imports.
The top import origins of South Africa are China ($12.8B), Germany ($10B), the United States ($4.61B), India ($3.24B) and the United Kingdom ($2.67B).
ECONOMIC COMPLEXITY OF SOUTH AFRICA
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The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.
The economy of South Africa has an Economic Complexity Index (ECI) of -0.295 making it the 49th most complex country. South Africa exports 300 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).
For more information visit: http://atlas.media.mit.edu/en/profile/country/zaf/#Imports