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Agriculture exports support SA balance of trade

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In 2020 the absolute value of agriculture exports increased by about 18% to R169.2bn compared to 2019’s R143.2bn. In addition, figures released by the International Trading Centre (ITC) indicate that the value of South Africa’s agriculture imports increased by a mere R95bn in 2019 to R97.9bn in 2020 – a tiny increase of R2.9%. So, the sector’s positive balance of trade of R71.3bn in 2020 was an enormous 47.9% higher than 2019’s R48.2bn.

In 2020, the top ten destinations for SA agriculture exports were the Netherlands, Britain, Botswana, Namibia, Mozambique, Zimbabwe, China, the US, Lesotho and the United Arab Emirates.

Citrus

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