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EXPORT WEEK 2015 TRADE STATISTICS

EXPORT WEEK 2015 TRADE STATISTICS. An overview of international trade statistics: local, regional and international. Trading with KZN. What’s international trade.

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EXPORT WEEK 2015 TRADE STATISTICS

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  1. EXPORT WEEK 2015 TRADE STATISTICS

  2. An overview of international trade statistics: local, regional and international Trading with KZN

  3. What’s international trade International trade means that you can wear Italian shoes and American jeans while eating Chinese food, watching a British documentary, with a French desert chilling in the fridge If you walk into a supermarket and are able to buy South American bananas, Brazilian coffee and a bottle of South African wine, you are experiencing the effects of international trade UCT GetSmarter Investopedia Tropical Heat No need to hop on a boat to bring home some island style – tropical prints are everywhere this season FairLady Oct 2015

  4. Why trade? More balanced production [or provision] of seasonal goods [and services] Cost reduction (lower unit costs due to scale economies) Extended product lifecycle (for different markets with different levels of development and discernment) Improved product quality & creativity (to conform with foreign conditions) Hedging of risk (directing supply to fast-growth markets)

  5. As a small open economy, South Africa participates quite meaningfully in international trading platforms Inventions and innovations in information and communications technologies (ICT) have made it possible for countries such as South Africa to keep transparent records of their international trade activities Trade stats: Global trade (X) Africa (total & share of global) SA (total and % of global) Most traded commodities: (Global, Africa & South Africa) Largest trade markets: (global, SA’s [X & M], KZN’s [X & M]) SA and KZN’s trade balance (or net exports) Lessons

  6. $18, 682,444,395,000

  7. World exports since 2001 (US$ tr) Source: WTO/UNCTAD (2015), TradeMap

  8. Europe and Asia backbone of world trade Imports Source: WTO (2014), WTS Report

  9. Europe, Asia and North America still the backbone of world trade Source: WTO (2014), World Trade Statistics Report

  10. World’s leading export markets, 2014 (US$ bn) Source: WTO/UNCTAD - TradeMap (2015)

  11. World, Africa & SA top 10 export products Source: WTO/UNCTAD - TradeMap (2015)

  12. South Africa’s share of world exports (%), 2005—2014 For every $100 traded in the world, 50c came from SA Source: WTO/UNCTAD - TradeMap (2015)

  13. South Africa’s top destination and source markets, 2014 Source: Quantec (2015)

  14. South Africa’s top export & import products, 2014 Source: Quantec (2015)

  15. RSA trade by province (X & M) (%), avg 2010—2014

  16. KZN export & import markets, 2014 Source: Quantec (2015)

  17. KZN export & import products, 2014 Source: Quantec (2015)

  18. RSA & KZN export & import values, 2005—2014 KZN’s M has consistently > X Source: Quantec (2015)

  19. RSA & KZN trade balance, 2005—2014 Source: Quantec (2015)

  20. Lessons World trade [exports] have grown tremendously in the past decade Africa’s and South Africa’s contribution to world exports have been quite rigid (3.5% and 5% respectively) KZN’s share of SA’s exports around 10% (i.e 5c of the 50c that SA contributes to world exports South Africa has recorded a trade deficit 80% of the time between 2005 and 2014 KZN’s deficit (M larger than X) has been chronic While there is no tested link between trade balance and unemployment rates in the country, there is a wide belief that excessive imports have eroded domestic jobs Jobs lost, particularly in manufacturing due to large imports of finished goods, have not been sufficiently replaced by growth in other sectors

  21. Lessons • There is strong drive towards industrialisation and value addition to the country’s exports of natural resources • Industrial Policy Action Plan – IPAP • KZN Industrial Economic Hubs – IEHs • KZN Industrial Development Strategy – IDS • Special Economic Zones and Industrial Development Zones (SEZs & IDZs) • South Africa is open to trade, but there is a need to address deficiencies such as the unemployment rate – widely believed to be structural in nature • Growth in trade should show meaningful impact on job creation • Export development high on the agenda, to support export promotion & job creation • DTI & TIKZN services available to assist accelerated export growth

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