South Africa is the second-largest economy in the continent. The country is a regional manufacturing center and is considered to be the African continent’s most diversified economy. Leading the country in terms of export is the metals and precious stones’ industry, with a value of 16.5 billion USD. Although the number of suppliers is below 100, the mineral fuel, automotive, and the ores and slag industry are not too far behind in exporting goods.
The top export destinations of SA are China, Japan, USA, Germany, Italy, India, and the Netherlands amongst others. From diamonds and platinum to petroleum oils and coal, precious items strengthen the country’s economy and also make South Africa a worldwide sourcing hub. To know in details about the country’s economic state, get in touch with South Africa sourcing service providers and read the pdf.