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EU, South Africa trade recovered strongly

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Staff writer ▼ | July 17, 2013
EU South AfricaAfter the decline in EU27 trade in goods with South Africa in 2009, exports recovered strongly to reach a peak of 26.6 billion euro in 2012.

Imports grew more slowly to reach 20.5 billion in 2012, still below the peak of 24.6 billion in 2008. As a result, EU27 trade with South Africa registered a surplus of 6.1 billion in 2012, compared with +1.3 billion in 2010 and +4.4 billion in 2011.

On the occasion of the sixth European Union - South Africa summit, which will take place on July 18, 2013 in Pretoria in South Africa, Eurostat, the statistical office of the European Union, issues data on trade and investments between South Africa and the European Union.

Germany is the largest EU27 exporter to South Africa, and the United Kingdom largest importer Among the EU27 Member States. Germany (8.8 billion euro or 33% of EU27 exports) was by far the largest exporter to South Africa in 2012, followed by the United Kingdom (4.1 billion or 16%), the Netherlands (2.5 billion or 9%) and France (2.0 billion or 7%).

The United Kingdom (7.5 billion or 36% of EU27 imports) was the largest importer, followed by Germany (4.1 billion or 20%), the Netherlands (2.2 billion or 11%) and Belgium (1.9 billion or 9%). The highest surpluses in trade with South Africa in 2012 were observed in Germany (+4.7 billion) and France (+1.3 billion), and the largest deficit in the United Kingdom (-3.4 billion).

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