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Tag: Russia And South Africa Bilateral Trade

Russia And South Africa Bilateral Trade

Posted on January 26, 2023January 26, 2023 By Shaik Uzma
Russia And South Africa Bilateral Trade

Russia exported $506 million to South Africa in 2020. Russia’s main exports to South Africa are copper wire ($169 million), wheat ($117 million), and crude petroleum ($42.3 million). Russia’s exports to South Africa have increased at an annualized rate of 11.3% over the last 25 years, from $35.2 million in 1995 to $506 million in 2020. In 2020, Russia exported services to South Africa worth $18.9 million, with transportation ($5.81 million), royalties and license fees ($5.64 million), and other business services ($3.36 million) accounting for the majority of the value. South Africa will export $587 million to Russia in 2020.

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