South Africa’s agricultural exports hit a record $4.1 billion in the second quarter, up 10% from a year earlier, as stronger volumes and prices boosted shipments.
South Africa’s agricultural exports rose 10% in the second quarter from a year earlier, reaching a record $4.1 billion, supported by higher export volumes and improved commodity prices.
The figures highlight the continued strength of one of the country’s most resilient economic sectors. According to Wandile Sihlobo, chief economist at the Agricultural Business Chamber of South Africa, exports have benefited from strong harvests, rising global prices and improved port performance.
Shipments to the United States also recorded a sharp recovery, rising 56% from the first quarter as the effective US tariff rate on South African agricultural products fell to 12.5% from 30%, per Bloomberg's report.
However, exports to the US remained below the level recorded during the same period last year.
