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  • Finweek - English

    Agriculture exports support SA balance of trade

    Jul 09, 2021 3 minutes
    By Jacques Claassen

    in 2020 the absolute value of agriculture exports increased by about 18% to R169.2bn compared to 2019’s R143.2bn. In addition, figures released by the International Trading Centre (ITC) indicate that the value of South Africa’s agriculture imports increased by a mere R95bn in 2019 to R97.9bn in 2020 – a tiny increase of R2.9%. So, the sector’s positive balance of trade of R71.3bn in 2020 was an enormous 47.9% higher than 2019’s R48.2bn.

    In 2020, the top ten

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