Imports in South Africa

South Africa Imports | Economic News & Forecasts

South Africa - Imports

The economic backdrop worsened further in the second quarter, after GDP fell at the sharpest rate in a year in the first quarter. Manufacturing output nosedived in April, while merchandise exports tumbled in April–May, reflecting depressed external demand due to Covid-19. In better news, the PMI pulled away from record lows in June as restrictions were lifted. That said, surging number of new cases prompted the government to reinstate the nighttime curfew and ban the sale of alcohol on 13 July, boding ill for activity at the outset of Q3. On the policy front, on 24 June the government unveiled a supplementary budget, which includes increased spending to mitigate the fallout from the pandemic. Consequently, the budget deficit for the current fiscal year is now expected to widen to 15.7% of GDP, almost double the previous estimate.

South Africa - Imports Data

2015   2016   2017   2018   2019  
Imports (USD billion)84.3  74.3  82.9  92.3  87.5  

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South Africa Facts

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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