South Africa’s total bilateral

South Africa’s total bilateral trade with China soared from US$1.34 billion in 2000 to US$34.18 billion in 2023. But because South Africa exports primarily raw materials to China, and imports mainly manufactured items, the upswing has been overshadowed by a persistent trade imbalance that favours China The surge in trade was driven by complementary economic needs, strategic partnerships and policies under the Forum on China-Africa Cooperation (FOCAC), set up in 2000 and BRICS, launched in 2009. สล็อต