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South Africa's textiles imports rise 10.3% in Jan-Nov 2024

15 Jan '25
2 min read
South Africa's textiles imports rise 10.3% in Jan-Nov 2024
Pic: Adobe Stock

Insights

  • South Africa's textiles imports rose 10.3 per cent YoY to 60,803.6 million rand ($3.17 billion) in Jan–Nov 2024, as per the South African Revenue Service. Exports increased by 2.6 per cent to 21,701.2 million rand ($1.13 billion).
  • In November 2024, imports fell 21.7 per cent from October, while exports rose 10.1 per cent, reflecting mixed trends in monthly trade performance.
South Africa’s imports of textiles and textile articles (under chapters 50-63) totalled 60,803.6 million rand (~$3,174.23 million) between January and November 2024, according to preliminary data released by the South African Revenue Service in its November 2024 report. This marks a 10.3 per cent increase compared to the same period last year. The trade figures include the trade with BELN (Botswana, Eswatini, Lesotho and Namibia) countries.

Official merchandise trade statistics reveal that during the same period in 2023, the country imported textiles and textile articles worth 55,127.7 million rand. South Africa continues to be a net importer in this product segment.

Exports of textiles and related products edged up by 2.6 per cent, amounting to 21,701.2 million rand (~$1,132.90 million) in the first eleven months of 2024, compared to 21,159.6 million rand during the corresponding period in 2023.

In November 2024, South Africa’s textile and textile article imports under the chapters 50 to 63 stood at 5,478.2 million rand (~$285.98 million), reflecting a 21.7 per cent decrease over the imports of 6,999.1 million rand in the previous month, October 2024.

The country’s exports under the same chapters eased by 10.1 per cent to 2,556.2 million rand (~$133.44 million) in November 2024, up from 2,321.2 million rand in October 2024.

Although South Africa’s imports of textile products declined but exports surged in the latest month November 2024, its both sides trade has noticed upward trend in the first eleven months of year 2024.

Fibre2Fashion News Desk (KUL)

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