WHAT WE TRADE

CityPress - - Business -

Is­rael is a rel­a­tively mi­nor trade part­ner and the re­la­tion­ship is heav­ily skewed in favour of South Africa, ac­cord­ing to sta­tis­tics from the de­part­ment of trade and in­dus­try.

The trade re­la­tion­ship is, how­ever, con­cen­trated in very par­tic­u­lar sec­tors.

While South Africa ex­ports about R6 bil­lion worth of goods to Is­rael each year, it im­ports about half of that.

Is­rael is the des­ti­na­tion for more than a 10th of South Africa’s di­a­mond ex­ports, worth about R2.5 bil­lion a year. The coun­try also buys more than R2 bil­lion worth of South African coal a year.

The two min­eral prod­ucts make up 85% of South African ex­ports to Is­rael, while food and bev­er­ages make up much of the bal­ance.

South Africa’s ma­jor im­ports from Is­rael are in­sec­ti­cides and chem­i­cal fer­tilis­ers, as well as ma­chin­ery for farm­ing and ir­ri­ga­tion.

These made up about 50% of the R2.8 bil­lion in im­ports from Is­rael last year.

The bal­ance in­cludes med­i­cal elec­tronic equip­ment, R160 mil­lion in non-wo­ven tex­tiles, about R260 mil­lion in plas­tic pack­ag­ing ma­te­rial and about R56 mil­lion in pre­pared food­stuffs rang­ing from sweets to prepack­aged sauces.

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