US Trade with S Africa 8-2-25

AI Overview

In 2024, total US goods trade with South Africa reached $20.5 billion. US exports to South Africa were $5.8 billion, while imports from South Africa were $14.7 billion, resulting in a $8.8 billion trade deficit for the US.  

Key points about US-South Africa trade in 2024:

Overall trade volume: $20.5 billion.

US exports: $5.8 billion, a decrease of 18.3% from 2023.

US imports: $14.7 billion, an increase of 4.9% from 2023.

US trade deficit: $8.8 billion, a 29% increase from 2023. 

South Africa is also an important hub for regional investment, attracting US companies due to its strong capital markets and legal system. The African Growth and Opportunity Act (AGOA), which facilitates trade between the US and eligible African nations, is also a key factor in the trade relationship. 

US trade with South Africa 2024

United States trade with South Africa in 2024:

Total trade: US goods trade with South Africa totaled $20.5 billion.

Exports: US goods exports to South Africa amounted to $5.8 billion, a decrease of 18.3% ($1.3 billion) from 2023.

Key US exports included:

o   Machinery, nuclear reactors, and boilers: $1.09B

o   Vehicles other than railway or tramway: $943.77M

o   Mineral fuels, oils, and distillation products: $817.88M

o   Electrical and electronic equipment: $467.40M

o   Optical, photo, technical, and medical apparatus: $278.28M

o   Aircraft and spacecraft: $272.64M

o   Commodities not specified according to kind: $260.51M

o   Miscellaneous chemical products: $218.55M

o   Plastics: $200.86M

o   Pharmaceutical products: $191.20M

Imports: US goods imports from South Africa were $14.7 billion, an increase of 4.9% ($679.4 million) from 2023. Key imports included:

https://www.google.com/search?q=us+trade+with+south+africa+2024

U.S. total goods trade with South Africa were $20.5 billion in 2024. U.S. goods exports to South Africa in 2024 were $5.8 billion. South Africa's biggest trading partner is China. China consistently ranks as South Africa's top export and import partner. 

https://www.google.com/search?q=what+is+the+us+trade+with+south+africa+in+usd+2025+by+ai+overlook

he United States imports various goods from South Africa, with the top categories being precious stones and metals, vehicles and parts, iron and steel, and aluminum. Other notable imports include machinery, organic chemicals, and agricultural products like fruits. 

Specific examples of US imports from South Africa:

·       Precious stones and metals: This includes items like platinum, gold, and diamonds. 

·       Vehicles, parts and accessories: This category encompasses automobiles and components. 

·       Iron and steel: South Africa exports both iron and steel products to the US. 

·       Aluminum: The US imports aluminum products from South Africa. 

·       Machinery: This includes various types of machinery, including nuclear reactors and boilers. 

·       Organic chemicals: The US imports a range of organic chemical products from South Africa. 

·       Edible fruits: South Africa exports a variety of fruits to the US. 

·       Nickel products: This is another category of South African exports to the US. 

https://www.google.com/search?q=what+did+the+us+import+from+south+africa+in+usd+2025+by+ai+overlook

Comments

In 2025, South Africa’s Nominal GDP is projected to be $410.34 billion.  Per Capita GDP was $5708.96 US dollars in 2024. S Africa’s Population is 63.1 million.

The US will not be importing Iron, Steel or Aluminum from South Africa in 2025. This Import reduction will help lower the US Trade Deficit with S Africa.

The future of BRICS is in question. If Brazil and India leave BRICS and S Africa remains, BRICS would become RCS with Russia, China and S Africa. If India, Brazil and S Africa remain in BRICS, they may be allowed to make trade deals with multiple groups and individual countries like the US.

Norb Leahy, Dunwoody GA Tea Party Leader