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2012
The global economic environment is expected to remain weak due mainly to slower growth in key emerging
economies, continued sluggish growth in advanced economies and a prolonged recession in the euro area. The
International Monetary Fund (IMF; 2014) has forecast global growth to remain subdued at 3.6% in 2014 the same
as in 2013. According to the World Trade Organisation (WTO), global trade decreased to 2% in 2012 from 5.2% in
2011 mainly due to slower growth in developed economies and continued uncertainty around the euro area.
According to the IMF, global trade is forecast to increase by 3.1% in 2013 and 5.4% in 2014 mainly driven by trade
flows from developing and emerging economies.
This Wesgro Fact Sheet provides a detailed trend analysis, providing key trade related statistics for the Western
Cape region for 2012. Specifically, it shows the Western Cape’s global regional trade flows, the provincial and
district trade flows, the top and fastest growing traded products, and the top and fastest growing export and import
markets for the province.
It is evident from the graph that both imports and exports increased between 2004 and 2008, with decreases in
both imports and exports occurring in 2009 and 2010. However in 2011 and 2012, both exports and imports
experienced strong growth. Western Cape exports increased 18% from ZAR64.6bn in 2011 to ZAR54.6bn in 2012
and imports decreased by 28% from ZAR140bn in 2011 to ZAR179bn in 2012.
It is clear from the figure below that in 2012 the province experienced the highest level of exports and imports over
the ten year period and 2012 was also the only year that the Western Cape trade exceeded pre-financial crisis
levels, with both exports and imports strongly recovering since the decline in 2009.
Between 2003 and 2008, the province experienced an increasing trade deficit, however, the trade deficit decreased
from 111% in 2008 to 65% in 2009 and further decreased to 54% in 2010. The trade deficit then increased by 85%
in 2011 and by 115% in 2012.
200
150
Value (ZARbn)
100
50
-50
-100
-150
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Exports (ZARbn) 33.5 31.4 36.0 38.1 48.1 60.2 52.5 51.1 54.6 64.6
Imports (ZARbn) 47.7 55.1 68.5 102.6 124.5 171.6 117.2 105.3 140.3 179.4
Trade balance -14.2 -23.7 -32.5 -64.5 -76.4 -111.4 -64.7 -54.3 -85.8 -114.8
60%
50%
40%
30%
% Growth
20%
10%
0%
-10%
-20%
-30%
-40%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Exports growth -6.7% -6.2% 14.5% 6.0% 26.2% 25.2% -12.8% -2.8% 6.8% 18.5%
Imports growth -4.7% 15.7% 24.1% 49.9% 21.4% 37.9% -31.7% -10.1% 33.2% 27.9%
As shown below, it is seen that Gauteng is the leading province in terms of trade flows, with total trade reaching
ZAR973bn in 2012 from ZAR916bn in 2011. The province is the country’s largest importer and largest exporter.
The large trade flows in Gauteng are due to the province being the largest contributor to the country’s GDP with 2
more economic activity taking place in the Gauteng province than other provinces in South Africa. The Western
Cape is the second largest in terms of total trade flows, with total trade reaching ZAR244bn in 2012 from ZAR195bn
in 2011, while Kwa-Zulu Natal is the third largest trade province in South Africa.
The provinces in South Africa have varying trade account balances, with some provinces being net importers whilst
others are net exporters. Net exporters include North-West, Mpumalanga, Limpopo and the Northern Cape. Net
importers include Gauteng, Western Cape, KwaZulu-Natal, Eastern Cape and the Free State.
600
500
Value (ZARbn)
400
300
200
100
0
Kwazulu- Western Eastern North Mpumala Free Northern
Gauteng Limpopo
Natal Cape Cape West nga State Cape
Exports (ZARbn) 472.0 85.0 64.6 29.5 17.1 14.2 12.0 3.5 3.1
Imports (ZARbn) 500.9 96.7 179.4 37.8 6.4 3.3 3.8 3.7 1.2
148.8%
Northern Cape
1.4%
36.5%
North West
18.8%
26.1%
Limpopo
46.0%
15.1%
Free State
11.0%
13.0%
Gauteng
13.3%
10.9%
Mpumalanga
12.7%
6.9%
Western Cape
16.3%
6.8%
Kwazulu-Natal
13.2%
6.8%
Eastern Cape
5.8%
0% 20% 40% 60% 80% 100% 120% 140% 160%
% Exports % Imports
3
Source: Quantec, 2013
In the next graph, Western Cape exports are broken down into the various districts of the Western Cape to indicate
their respective share in Western Cape exports. Within the province, the City of Cape Town is the largest exporter
with exports reaching ZAR45bn in 2012. The Cape Winelands was the province’s second largest exporter at
ZAR12bn. All districts experienced increased growth in exports in 2012.
50,000
45,000
40,000
35,000
Value (ZARm)
30,000
25,000
20,000
15,000
10,000
5,000
0
City of Cape Cape
West Coast Overberg Eden Central Karoo
Town Winelands
2010 35,488.5 10,892.3 3,196.7 748.9 757.6 0.9
2011 38,405.7 12,176.2 2,533.5 898.3 542.9 0.6
2012 45,416.4 12,382.2 5,170.0 1,035.6 624.9 0.6
29.6%
West Coast
14.60%
13.2%
Cape Winelands
27.76%
5.5%
City of Cape Town
11.12%
4.1%
Central Karoo
49.47%
3.3%
Overberg
5.77%
-10.6%
Eden
13.56%
Exports Imports
The next graph indicates Western Cape regional export flows during 2012 and the contribution to each region to
the Western Cape’s exports. Europe continued to be the leading export destination for the province’s exports in
2012, worth an estimated ZAR23bn, while Africa and Asia came in second and third, valued at ZAR14bn and
ZAR13bn respectively.
In 2012, Western Cape exports to all experienced positive growth to all regions, with the Middle East having the
highest growth rate of 56% in 2012, followed by Asia and South America growing by 35% and 29% respectively.
WESTERN CAPE EXPORTS BY REGION, 2012
70%
Size of the
Middle East (ZAR4bn) Bubble indicates
60% export value
(ZARbn)
50%
Growth (%) 2011-2012
Asia (ZAR13bn)
40%
South America
(ZAR1bn)
30%
North America Africa (ZAR14bn)
(ZAR5bn)
20%
Europe (ZAR23bn)
0%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
-10%
Share of Exports (%)
The next graph indicates Western Cape regional import flows during 2012 and the contribution from each region
to the Western Cape’s imports. The largest share of imports into the Western Cape is from Asia, with imports
valued at ZAR54bn in 2012. The Middle East and Africa are ranked second and third largest import regions, with
a value of ZAR48bn and ZAR37bn respectively. Africa was the fastest growing region for Western Cape imports in
2012, increasing at an astounding rate of 110%.
5
140%
Africa (ZAR37bn) Size of the
120% Bubble indicates
import value
(ZARbn)
100%
80%
60%
40%
Oceania (ZAR1bn) Europe (ZAR29bn)
20%
South America Asia (ZAR54bn)
(ZAR5bn)
0%
0% 5% 10% 15% 20% 25% 30% 35% 40%
-20%
North America
(ZAR4.8bn)
-40%
-60%
% Share of Imports 2012
The top ten export destination markets for the Western Cape for 2012 are described in the table below. The top
three export destinations for the Western Cape have remained among the top destinations for a number of years.
The top two countries for Western Cape exports are in the EU, namely the Netherlands (ZAR6.8bn), and the United
Kingdom (ZAR5.3bn), accounting for a combined 18% of total exports.
The most significant development has been the rise in ranking of Malaysia and Singapore as Western Cape export
destinations. Malaysia increased in ranking from 11th in 2011 to 4th in 2012, while Singapore increased in ranking
from 23rd in 2011 to 6th in 2012.
The contribution share of the top ten Western Cape exports for 2012 are depicted in the figure below. It is apparent
that the product with the largest share is edible fruit and nuts which contributed 21% to the Western Cape’s exports.
The province produces around 55% to 60% of South Africa’s agricultural exports. The contribution of the Western
Cape to South Africa’s commercial agriculture is approximately 21%. Mineral fuels and beverages, spirits and
vinegar rank second and third with 15% and 11% respectively. An oil refinery in Cape Town and the country’s only
gas to liquid (GTL) refinery in Mossel Bay are the main facilities in the well-established oil and gas industry of the
Western Cape and can be attributed to the high mineral fuels exports from the province. The top twenty Western
Cape export products (HS2-level) for 2012 are depicted in the table in Appendix 1.
The table in Appendix 2 shows the export contribution for the top twenty exported products (HS4-level) for 2012 to
the Western Cape. The leading export product is refined petroleum that makes up nearly 14% of the province
imports, valued at ZAR8.9bn, followed by grape wines and citrus fruits accounting for 9% and 8% respectively.
180%
Miscellaneous
160% chemical products
(ZAR2bn)
140% Iron & Steel (ZAR4bn)
120%
Growth (%) 2011-2012
The top twenty fastest growing Western Cape export products (HS4-level) for the period 2008 to 2012 are depicted
in the diagram below. Soya beans are the leading export growth product from the Western Cape over the past five
years. Quicklime, slaked and hydraulic lime for construction and public transport type passenger motor vehicles
are ranked second and third respectively.
270%
Special purpose motor vehicles 273%
279%
Earth or snow moving, boring or pile driving machines 297%
319%
Navigational instruments, direction finding compasses 329%
406%
Birds eggs, other than in shell, egg yolks 493%
536%
Parts of railway, tramway locomotives, rolling-stock 609%
637%
Processed animal, vegetable oils, industrial preps nes 690%
932%
Synthetic staple fibres, not processed for spinning 1910%
2015%
Hot-rolled products, iron/steel, width>600mm, not clad 6045%
17716%
Public-transport type passenger motor vehicles 23133%
249257%
Soya beans 1038447%
0% 200000% 400000% 600000% 800000% 1000000% 1200000%
As shown below, the sector with the largest export of its output is food, beverages and tobacco products valued at
ZAR43bn. Petroleum products, chemicals and rubber is ranked second at ZAR34bn and agriculture, forestry and
fishing rank third at ZAR23bn.
WESTERN CAPE OUTPUT & EXPORTS BY SECTOR, 2011
50,000 180%
45,000 160%
40,000 140%
35,000
120%
Value (ZARm)
30,000
5,000 20%
0 0%
Metals, Radio,
Petroleum
metal Wood, Textiles, TV,
Food, products, Agricultur Furniture Other Electrical
products, Transport paper, clothing instrumen Mining
beverage chemicals e, forestry and other non-metal machiner
machiner equipmen publishing and ts, and
s and , rubber and manufact mineral y and
y and t and leather watches quarrying
tobacco and fishing uring products apparatus
equipmen printing goods and
plastic
t clocks
Output (ZARm) 42,969 34,431 22,733 20,776 14,780 14,644 10,292 9,689 4,658 3,655 2,191 704
Export (ZARm) 14,287 9,824 15,540 6,168 2,086 549 1,928 682 158 302 1,181 1,157
Export % 33.25% 28.53% 68.36% 29.69% 14.11% 3.75% 18.74% 7.04% 3.39% 8.27% 53.93% 164.45%
The contribution share of the top ten Western Cape imports for 2012 is depicted in the figure below. It is apparent
that the product with the largest share is mineral fuels which makes up 62% of the province’s imports, valued at
ZAR111bn. The main reason is that the Western Cape is a major support and services hub for the Nigerian and 9
Angolan oil industry and so a significant amount of oil is transported through the Western Cape every year.
Machinery and equipment and electrical equipment are the second and third largest imports, contributing 5% and
2% respectively.
35%
Machinery & Equipment (ZAR9bn)
30%
10%
5%
Cereals (ZAR2bn)
-5%
Share of Total Imports (%)
The table in Appendix 4 shows the import contribution for the top twenty imported products (HS4-level) for 2012 to
the Western Cape. The leading import product is crude oil which makes up nearly 44% of the province imports,
valued at ZAR78.8bn. Refined petroleum and liquor are the second and third largest imports, contributing 17% and
1.1% respectively
The top ten Western Cape import growth products (HS4-level) for the period 2008 to 2012 are depicted in the bar
graph below. Sulphides and polysulphides of metals are the fastest growing import product to the Western Cape,
growing by 33,233% between 2008 and 2012. Sulphur except sublimated and butter and other fats and oils derived
from milk a ranked second and third growing by 23,397% and 22,066% respectively.
For more information on this publication and other Wesgro publications please contact research@wesgro.co.za
or for more publications visit the Wesgro publications portal on our website at http://wesgro.co.za/publications