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SA records an agricultural trade surplus of US$1,5 billion in Q2, 2021, up 40% y/y

Agbiz chief economist Wandile Sihlobo says that as noted previously, South Africa's agricultural sector is export-orientated. Nearly half of the annual produce, in value terms, is exported in regular and good seasons. The 2020/21 season has been one such season, producing the second consecutive strong output performance, with an even larger harvest for major field crops, horticulture and the wine industry than in 2019/20. This robust production could boost exports to surpass the 2020 level of US$10,2 billion.

Published: 10 August 2021