The US is buying more from South Africa again as farm exports hit $4.1 billion

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% year-on-year in the second quarter, reaching a record $4.1 billion.
• The growth was driven by higher export volumes, stronger global prices, and improved port performance.
• Exports to the US surged 56% over the previous quarter due to lower tariffs, though they were still below last year's levels.
• Africa remains the leading export destination, receiving about 40% of South African agricultural goods.

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.

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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.

Africa remains a key export market

Africa remains an important destination for South African farmers, accounting for about 40% of the country’s agricultural shipments. The sector has expanded steadily over the past two decades, driven by the growth of citrus, fruits and nuts alongside traditional exports such as maize.

South Africa is also expecting a record maize harvest this year. However, production could come under pressure in the next season if the anticipated El Niño weather pattern brings drier conditions to Southern Africa.

Despite these risks, South Africa remains the continent’s most advanced and diversified agricultural economy, giving it a strong position in global food markets.