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South African trade with China – a (slight) silver lining

South Africa 1 year ago

The latest SA/China trade statistics show a marked decline in imports, while our exporters have reason to smile due to a slight uptick in exports. But the bigger test for the economy is yet to come.


02 Mar 2020
PREMIUM!
South African trade with China – a (slight) silver lining

This photo taken on February 28, 2020 shows workers producing face masks at a factory in Handan in China's northern Hebei province. The number of deaths globally in the new coronavirus outbreak passed 3,000 on March 2, as China reported more 42 deaths. - China OUT / AFP / STR

The latest trade statistics for China and South Africa may be the first signs of the coronavirus hitting our economy, but experts say the bigger test is yet to come over the next few months. According to the latest data from the South African Revenue Service, South Africa imported fewer Chinese goods in January this year than it did in January 2019, with a difference of around R3 billion. Imports from China to South Africa went from R23,5 billion for the month of January 2019, to R20,5 billion for January 2020. Exports, however, increased to R11,8 billion for the month...

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