The value of both South Africa’s imports and exports grew more than 10 percent year-over-year in June 2013, according to preliminary trade statistics from the South African Revenue Service. For the past five months, imports and exports have shown consistent growth in value.
South Africa's imports were valued at 75.9 billion rand (about US$7.6 billion) in June 2013, up 12.6 percent from June 2012 when they were valued at $6.7 billion, but down 2 percent from May 2013. In the first half of 2013, the value of imports was up 14.5 percent over the first half of 2012, and totaled $45.7 billion. Among the top source regions that South Africa imports from, intra-African imports saw the highest year-over-year increases through June, up 29.3 percent. Europe was the second top source region for South African imports in the first half of 2013, up 17.2 percent from the same period in 2012.
South Africa's exports increased 10.6 percent in value year-over-year in June, and totaled $6.8 billion. On a month-to-month basis, South Africa’s exports rose 3.4 percent in June. For the January-June 2013 period, exports were valued at roughly $38 billion, 9 percent higher than they were during the same period in 2012. Exports to other African nations saw the highest year-over-year increases through June, up 21 percent. The region that saw the second-highest growth in South African exports in the first half of 2013 was Europe, up 13.5 percent.