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The Republic of South Africa is blessed with endless natural treasure. South Africa trade has served as the engine of growth in the South African economy. Thanks to the growing volume of exports, the foreign exchange earning of South Africa has increased substantially over the last few decades. South Africa trade has been one of the major contributors in the national income of the South African Republic.
Trade in South Africa is primarily based on its natural resources. In terms of quantity traded, South Africa surpasses all other gold and platinum exporting countries of the world. Agricultural goods, automobile parts, petrochemical products, coal and machinery are the other export items of South Africa.
The export market of South Africa is spread over different parts of the world. Japan, Germany, the United States and the United Kingdom are the global business partners of South Africa. The mineral products of South Africa also cater to the needs of the Sub-Saharan and East Asian countries.
Among the imported products of South Africa, fabrics, machinery items, petrochemical goods and laboratory equipments are worth mentioning.
In order to ensure free South Africa trade, the South African Government has brought about several changes in its trade policy. The policies of export promotion and tariff reduction contributed substantially in improving the scope of South Africa Trade.
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