Date,
Time MSK

01.04.2016



South African-Russian Bilateral Trade in 2015


In 2015 South African-Russian bilateral trade volume decreased by 6% and reached 0.77 billion USD compared to 0.82 billion USD in 2014.


South African exports to Russia fell to 0.3 billion USD (by 19%) while imports rose to 0.5 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



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 (45%)

▪ Ores, slag and ash (16%)

▪ Iron and steel (8%)

▪ Vehicles other than railway, tramway (6%)

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

▪ Beverages, spirits and vinegar (5%)

▪ Miscellaneous chemical products (4%)

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

▪ Electrical, electronic equipment (2%)

▪ Optical, photo, technical, medical, etc apparatus (1%)

▪ Aluminium and articles thereof (1%)

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



In 2015 the imports of South African made products in Russia experienced a significant rise . The imports of miscellaneous chemical products rise by 673%; the imports of mineral fuels, oils, distillation products- by 251%.



Figure 2. Structure of South African Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of South African Exports to Russia in 2015.png



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


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to South African products

08

Edible fruit, nuts, peel of citrus fruit, melons

$137,815

$132,834

-4%

4.20

3.9

26

Ores, slag and ash

$67,129

$46,487

-31%

7.5

1.1

72

Iron and steel

$30,529

$22,607

-26%

0.6

3.8

87

Vehicles other than railway, tramway

$60,577

$18,994

-69%

0.4

12.6

20

Vegetable, fruit, nut, etc food preparations

$11,130

$16,276

46%

0.8

8.2

22

Beverages, spirits and vinegar

$21,574

$13,746

-36%

1.00

27.7

38

Miscellaneous chemical products

$1,412

$10,919

673%

0.1

4.3

84

Machinery, nuclear reactors, boilers, etc

$6,909

$9,234

34%

0.00

1.9

85

Electrical, electronic equipment

$12,715

$5,301

-58%

0.00

3.4

90

Optical, photo, technical, medical, etc apparatus

$1,346

$4,327

221%

0.00

2.8

76

Aluminium and articles thereof

$2,345

$2,472

5%

0.2

5.6

27

Mineral fuels, oils, distillation products, etc

$479

$1,680

251%

0.00

2.8

28

Inorganic chemicals, precious metal compound, isotopes

$1,581

$1,152

-27%

0.6

4.2

73

Articles of iron or steel

$1,426

$844

-41%

0.00

9.3



Russian exports to South Africa


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


▪ Cereals (41%)

▪ Copper and articles thereof (29%)

▪ Fertilizers (13%)

▪ Rubber and articles thereof (3%)

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

▪ Inorganic chemicals, precious metal compound, isotopes (2%)

▪ Aluminium and articles thereof (1%)

▪ Electrical, electronic equipment (1%)

▪ Iron and steel (1%)

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

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

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

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

▪ Miscellaneous chemical products (1%)


2015 showed a significant rise in Russian exports to South Africa of inorganic chemicals, precious metal compound, isotopes (+304%). At the same time the exports of mineral fuels, oils, distillation products (-76%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to South Africa in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to South Africa in 2015.png



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


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

10

Cereals

$273,179

$194,297

-29%

27.5

74

Copper and articles thereof

$60,085

$136,667

127%

13.6

31

Fertilizers

$32,324

$63,281

96%

4.7

40

Rubber and articles thereof

$18,715

$13,628

-27%

1.4

84

Machinery, nuclear reactors, boilers, etc

$5,954

$10,247

72%

0

28

Inorganic chemicals, precious metal compound, isotopes

$2,327

$9,407

304%

0.2

76

Aluminium and articles thereof

$4,924

$6,621

34%

0.9

85

Electrical, electronic equipment

$6,319

$6,322

0%

0.1

72

Iron and steel

$8,312

$4,707

-43%

0.7

71

Pearls, precious stones, metals, coins, etc

$3,900

$4,129

6%

0.4

47

Pulp of wood, fibrous cellulosic material, waste etc

$2,376

$3,911

65%

2

48

Paper and paperboard, articles of pulp, paper and board

$1,859

$3,737

101%

0.2

27

Mineral fuels, oils, distillation products, etc

$14,401

$3,503

-76%

0.1

38

Miscellaneous chemical products

$1,468

$3,143

114%

0.1



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

GDP in 2015, billion dollars

1,175.996

323.809

Inflation, average consumer prices, %

7.82

4.50

Volume of imported goods, billion dollars

282.6

85.7

Volume of exported goods, billion dollars

492.1

81.5

Unemployment rate, %

5.10

25.11

Population, millions

143.7

54.8


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