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Merchandise imports by product group (Million US dollars), as defined by the World Trade Organization (WTO), refers to the total value of goods imported into a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
South Africa’s imports rose from $18.3B in 1990 to $136.2B in 2022, reflecting economic liberalization and increased trade. The 2000s saw rapid growth, with imports climbing from $29.6B in 2000 to $101.6B in 2008, driven by investments in infrastructure and consumer goods.
The global financial crisis caused a sharp decline to $74.0B in 2009, but recovery followed, peaking at $136.2B in 2022, supported by demand for energy and machinery. A slight decrease to $130.7B in 2023 reflects stabilization amid ongoing economic pressures.
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