South Africa’s agricultural exports are close to the highest level in history
By: Date: 2021-02-19 Categories: Internationalfood Tags: ,
   According to a report on the South African Daily Business Daily website on February 15, the South African Agricultural Chamber (Agbiz) released data on Monday showing that South Africa’s agricultural exports in 2020 will be 10.2 billion U.S. dollars (about 150 billion rand), a year-on-year increase of 3%. This is the second highest level after the record export value of USD 10.7 billion in 2018. The agricultural sector contributed about 3%of GDP and created nearly 900,000 jobs. The booming export of agricultural products is mainly due to the support of good weather conditions, the large domestic agricultural production and the relatively weak local currency that have improved the competitiveness of South African agricultural products in the global market. Agbiz said that the top ten export products by value are citrus, grapes, wine, apples and pears, corn, nuts, sugar, wool and juice. At the same time, in 2020, South Africa’s agricultural imports fell by 8%year-on-year to US$5.9 billion; the agricultural trade surplus increased by 26%year-on-year to US$4.3 billion. Agbiz expects that due to more favorable conditions leading to an increase in summer crop planting areas and promising corn harvest prospects, South African agricultural exports will further increase in 2021.