Imports to South Africa tumbled 20.1 percent year-on-year to ZAR 88.47 billion in December 2019, dragged down by lower purchases of machinery & electronics (-23 percent); original equipment components (-43 percent); vehicles & transport equipment (-22 percent); chemicals (-19 percent) and base metals (-39 percent). Main import partners were China (16.9% of total acquisitions), Germany (7.4%), the US (6.3%), Nigeria (5.9%) and Saudi Arabia (5.9%). In 2019 as a whole, imports grew 3.3 percent over a year earlier to ZAR 1,273 billion.
Imports in South Africa averaged 20154.74 ZAR Million from 1957 until 2019, reaching an all time high of 125721.33 ZAR Million in October of 2018 and a record low of 66.10 ZAR Million in September of 1961. This page provides the latest reported value for - South Africa Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: South African Revenue Service
Imports in South Africa is expected to be 94000.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in South Africa to stand at 83500.00 in 12 months time. In the long-term, the South Africa Imports is projected to trend around 95000.00 ZAR Million in 2021 and 103000.00 ZAR Million in 2022, according to our econometric models.