World’s largest economy loses ground as Africa’s largest economy records $2.14 billion trade surplus despite 28% drop in exports to the U.S.
- A joint quarterly report published by AgriCulture South Africa (AgriSA) and the Agricultural Business Chamber (Agbiz) shows that overall agricultural exports grew 9.1% year-on-year to $4.12 billion, while imports rose 6.4% to $1.98 billion.
- Driven primarily by citrus shipments and strong performance in horticulture which accounted for 51.3% of total agricultural sales South Africa expanded its global trade surplus by 11.6% despite trade friction with Washington.
- South Africa agricultural exports to the U.
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- A joint quarterly report published by AgriCulture South Africa (AgriSA) and the Agricultural Business Chamber (Agbiz) shows that overall agricultural exports grew 9.1% year-on-year to $4.12 billion, while imports rose 6.4% to $1.98 billion.
- Driven primarily by citrus shipments and strong performance in horticulture which accounted for 51.3% of total agricultural sales South Africa expanded its global trade surplus by 11.6% despite trade friction with Washington.
- South Africa agricultural exports to the U.
Sources: Businessinsider