Top 10 trading partners of south africa
South Africa is a middle-income, developing country with an abundant supply of resources, well-developed financial, legal, communications, energy and transport sectors, a stock exchange that ranks among the 10 largest in the world, and a modern infrastructure supporting an efficient distribution of goods to major urban centres throughout the region.
At the start ofPresident Mbeki vowed to promote economic growth and foreign investment by relaxing restrictive labour laws, stepping up the pace of privatization, and cutting unneeded governmental spending. His policies faced strong opposition from organized labour.
South Africa has substantially opened its market since Tariff rates have generally fallen and other non-tariff barriers have been reduced. As a matter of government policy, the Government of South Africa has aimed for still further market opening in order to increase trade and develop more competitive domestic industries. For those goods subject to import control measures, importers must apply for import permits prior to importation of the goods.
Even though the number of products requiring such permits have been reduced in recent years, fish and fish products are still among them. SACU aims to promote free trade and cooperation on customs matters among its five member states. Under the Agreement, South Africa and the EU will establish a free trade area over a transitional period of up to 12 years for South Africa, and up to top 10 trading partners of south africa years for the EU.
South African production of fish and fish products has fluctuated during the decade, but the later top 10 trading partners of south africa showed a top 10 trading partners of south africa increase. With such a large share of the total production, variations in these groups will have a big impact on total production.
Jack, mullet and saury, together with mackerel, were the top 10 trading partners of south africa with the largest decline. For further details see Appendix.
Total seafood production by South Africa, quantity; tonnes. Export levels varied substantially during the s, with peaks in and Fromdevelopment has been more stable, showing a steady increase. The fellow southern African countries take some fish products, but are mostly suppliers in this chain of commerce. South Africa increased its number of trading partners during the s. Looking only at the data from on, one would get the impression that there has been a decline in South African exports.
This is of course valid if considering the years in isolation, but the comparison starts from it can be seen that there was a total increase in exports from to The reason for the irregular development could be higher catches inwhich led to higher exports.
In there also were more imports to South Africa, some of which might have been destined for re-export, as the export figures are higher than for other years. The decline that followed seems to have been a stabilization of the situation, as development over the next years was that of gradual increase. Changes in exports to the various countries were irregular. Comparing andthe share of exports going to the EU declined as new markets emerged.
In terms of value, more exports went to Asian and African countries. This was relative, primarily due to a decline in total exports from toand not caused by an absolute increase to the Asian and African countries as a whole.
While exports to all countries was reduced, exports to China Hong Kong SAR declined severely from towhen the exports of some crustaceans and cephalopods were dramatically reduced. The liberalization of the general tariffs to the EU has made it easier to export to the EU for most countries.
This is also the case for South Africa. South Africa and the EU recently signed a bilateral trade agreement. South African imports have been small, and volumes fluctuated more than for exports. In it reached a decade peak, while dropping substantially the next year. The following years show a further decline. Top 10 trading partners of south africa South African imports are of fishmeal, and the low level of imports in can be explained by a low global availability of fishmeal.
South African imports declined through the s and in total imports were a meagre 52 t. The largest decline per product group was for fishmeal, fats and oils. The Fishstat data show a dramatic decline in imports. Secondary sector includes an estimate of artisanal, subsistence and semi-commercial fishers. There are an estimated additional recreational fishers. Squids Ommastrephes sagittatusLoligo spp. Rock lobsters Jasus spp.