Date,
Time MSK

19.02.2016



South African-Russian Bilateral Trade, 10 months of 2015


In the first 10 months of 2015 South African-Russian bilateral trade volume decreased by 11% and reached 0.68 billion USD compared to 0.76 billion USD in the same period of 2014.


South African exports to Russia fell to 0.27 billion USD (by 19%) while imports fell to 0.41 billion USD (by 5%) (see Figure 1).



Figure 1. 2007-2015 South African-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 South African-Russian bilateral trade turnover, billion USD.png

* 2015 data includes January – October




South African exports to Russia


South Africa primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Edible fruit, nuts, peel of citrus fruit, melons (48%)

▪ Ores, slag and ash (16%)

▪ Vehicles other than railway, tramway (7%)

▪ Iron and steel (7%)

▪ Vegetable, fruit, nut, etc food preparations (6%)

▪ Beverages, spirits and vinegar (4%)

▪ Machinery, nuclear reactors, boilers, etc (3%)

▪ Electrical, electronic equipment (2%)

▪ Mineral fuels, oils, distillation products, etc (1%)

▪ Aluminium and articles thereof (1%)

▪ Oil seed, oleagic fruits, grain, seed, fruit, etc, nes (0.1%)

▪ Live trees, plants, bulbs, roots, cut flowers etc (0.1%)

▪ Coffee, tea, mate and spices (0.1%)

▪ Rubber and articles thereof (0.1%)


In the first 10 months of 2015 the imports of South African made products in Russia experienced a significant fall. The imports of coffee, tea, mate and spices fell by 74%; the imports of vehicles other than railway, tramway - by 65%.



Figure 2. Structure of South African Exports to Russia, January – October 2015. Source: ITC Trade Map.

Figure 2. Structure of South African Exports to Russia, January – October 2015.png



Table 1. Key products exported from South Africa to Russia in January – October 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume, 10 months 2014, USD thousand

Volume, 10 months 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to South African products

8

Edible fruit, nuts, peel of citrus fruit, melons

$134,432

$127,435

-5%

4.2

3.9

26

Ores, slag and ash

$54,180

$41,714

-23%

7.5

1.1

72

Iron and steel

$26,675

$19,505

-27%

0.6

3.8

87

Vehicles other than railway, tramway

$53,245

$18,506

-65%

0.4

12.6

20

Vegetable, fruit, nut, etc food preparations

$10,133

$15,046

48%

0.8

8.2

22

Beverages, spirits and vinegar

$19,072

$11,570

-39%

1

27.7

84

Machinery, nuclear reactors, boilers, etc

$4,473

$7,881

76%

0

1.9

85

Electrical, electronic equipment

$12,641

$4,872

-61%

0

3.4

76

Aluminium and articles thereof

$1,973

$2,285

16%

0.2

5.6

27

Mineral fuels, oils, distillation products, etc

$477

$1,681

252%

0

2.8

40

Rubber and articles thereof

$145

$395

172%

0

7.1

6

Live trees, plants, bulbs, roots, cut flowers etc

$412

$252

-39%

0.1

13.5

12

Oil seed, oleagic fruits, grain, seed, fruit, etc, nes

$282

$186

-34%

0

1.2

9

Coffee, tea, mate and spices

$217

$56

-74%

0

2.3



Russian exports to South Africa


In the first 10 months of 2015 Russia has exported to South Africa the following products (see Figure 3, Table 2):


▪ Cereals (41%)

▪ Copper and articles thereof (26%)

▪ Fertilizers (15%)

▪ Rubber and articles thereof (3%)

▪ Machinery, nuclear reactors, boilers, etc (2%)

▪ Electrical, electronic equipment (1%)

▪ Aluminium and articles thereof (1%)

▪ Pulp of wood, fibrous cellulosic material, waste etc (1%)

▪ Pearls, precious stones, metals, coins, etc (1%)

▪ Paper and paperboard, articles of pulp, paper and board (1%)

▪ Mineral fuels, oils, distillation products, etc (0.8%)

▪ Wood and articles of wood, wood charcoal (0.4%)

▪ Tools, implements, cutlery, etc of base metal (0.3%)

▪ Articles of iron or steel (0.1%)


The first 10 months of 2015 showed a significant rise in Russian exports to South Africa of articles of iron or steel (+248%). At the same time the exports of mineral fuels, oils, distillation products, etc (-76%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to South Africa, January – October 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to South Africa, January – October 2015.png



Table 2. Key products exported from Russia to South Africa in January – October 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume, 10 months 2014, USD thousand

Volume, 10 months 2015, USD thousand

Change in 2015, %

Share in total product imports, %

10

Cereals

$271,227

$168,909

-38%

27.5

74

Copper and articles thereof

$51,960

$108,460

109%

13.6

31

Fertilizers

$26,388

$63,040

139%

4.7

40

Rubber and articles thereof

$17,573

$12,212

-31%

1.4

84

Machinery, nuclear reactors, boilers, etc

$4,788

$9,986

109%

0

76

Aluminium and articles thereof

$3,885

$5,873

51%

0.9

85

Electrical, electronic equipment

$5,663

$5,264

-7%

0.1

71

Pearls, precious stones, metals, coins, etc

$3,533

$3,975

13%

0.4

47

Pulp of wood, fibrous cellulosic material, waste etc

$2,416

$3,606

49%

2

27

Mineral fuels, oils, distillation products, etc

$13,998

$3,294

-76%

0.1

48

Paper and paperboard, articles of pulp, paper and board

$1,649

$3,038

84%

0.2

44

Wood and articles of wood, wood charcoal

$896

$1,693

89%

0.3

82

Tools, implements, cutlery, etc of base metal

$1,091

$1,192

9%

0.3

73

Articles of iron or steel

$103

$358

248%

0


Table 3. represents basic macroeconomic and foreign trade indicators for both countries.


Table 3. Macroeconomic Indicators for Russia and South Africa. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

South Africa

GDP in 2014, billion dollars

1,857.461

350.082

Estimated GDP in 2015, billion dollars

1,175.996

323.809

Inflation, average consumer prices, %

7.82

6.067

Volume of imported goods, billion dollars

282.6

100.0

Volume of exported goods, billion dollars

492.1

90.6

Unemployment rate, %

5.10

25.10

Population, millions

143.7

54.0


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