South Africa: 2020 trade update
2020 saw strict restrictive measures implemented by SA to curb the spread of COVID-19. Through 2020, the monthly trade data showed the impact of these measures. On 29 January 2021, the South African Revenue Services (SARS) released South Africa's official trade data for December 2020. This enables an analysis of South Africa's trade performance during the first year of the Covid-19 pandemic. Also, the 2020 trade performance can be compared with 2019 to assess the impact of Covid-19 and related mitigation measures in 2020.
This report analyses the impact of Covid-19 and restrictive measures on South Africa's 2020 trade performance and trends. To achieve this South Africa's 2020 total trade, trade surplus, exports, and imports with different individual trade partners and regional groupings are evaluated.This is also compared with 2019 trade data.
The data used is monthly trade data sourced from SARS. This is actual customs value in Rands (South Africa local currency).