The central bank said the tariffs, introduced during what Trump called “Liberation Day”, disproportionately affected South Africa’s value-added exports, particularly vehicles and transport equipment, which account for a significant share of the country’s manufactured goods exports.
China remains South Africa’s largest export destination, reinforcing Beijing’s growing economic influence in Africa. Analysts say China’s position has been strengthened by a new tariff-free access arrangement that came into effect this month, giving South African goods improved access to the Chinese market.
The shift highlights mounting strain in trade relations between South Africa and the United States, which have deteriorated over several geopolitical and policy disputes.
Washington has criticised Pretoria’s ties to the BRICS bloc, its genocide case against Israel at the International Court of Justice, and what US officials describe as closer relations with Iran.
The South African Reserve Bank said the tariffs had “hit value-added goods the hardest”, with the automotive sector bearing most of the impact.
Germany’s rise in the rankings reflects broader changes in global trade flows as exporters seek more stable markets amid uncertainty surrounding US tariff policy.
However, the US could regain its position if the American Supreme Court’s ruling invalidating the levies leads to a reversal of the measures.
