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2022
Exports $85.1MWorld Rnk 35 / 126
Flag Rnk 164 / 1213
2022
Destination $19.3M Ghana
2021 - 2022
FASTEST GROWING MARKET $19.3MGhana
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars-0.34Rnk 659 / 1025
2022
Imports $1.09MWorld Rnk 152 / 210
Flag Rnk 1008 / 1213
2022
Origin $509k China
2021 - 2022
FASTEST GROWING ORIGIN $509kChina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $85.1M in Hot-Rolled Iron Bars, making it the 35th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 164th most exported product in South Africa. The main destination of Hot-Rolled Iron Bars exports from South Africa are: Ghana ($21.4M), Kenya ($12M), Tanzania ($9.58M), Zambia ($8.01M), and Cote d'Ivoire ($5.22M).

The fastest growing export markets for Hot-Rolled Iron Bars of South Africa between 2021 and 2022 were Ghana ($19.3M), Cote d'Ivoire ($5.04M), and Democratic Republic of the Congo ($742k).

Imports In 2022, South Africa imported $1.09M in Hot-Rolled Iron Bars, becoming the 152nd largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 1008th most imported product in South Africa. South Africa imports Hot-Rolled Iron Bars primarily from: China ($522k), Mauritius ($244k), Japan ($176k), Germany ($85.8k), and Botswana ($46.8k).

The fastest growing import markets in Hot-Rolled Iron Bars for South Africa between 2021 and 2022 were China ($509k), Mauritius ($244k), and Namibia ($4.33k).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Hot-Rolled Iron Bars exports accounted up to ZAR37.8M and imports accounted up to ZAR9.48M, resulting in a positive trade balance of ZAR28.3M. Between June 2023 and June 2024 the exports of South Africa's   Hot-Rolled Iron Bars have decreased by ZAR-221M (-85.4%) from ZAR259M to ZAR37.8M, while imports increased by ZAR5.5M (138%) from ZAR3.99M to ZAR9.48M.

Destinations In June 2024, Hot-Rolled Iron Bars were exported mostly to Mauritius (ZAR8.36M), Zambia (ZAR8.33M), Namibia (ZAR6.37M), Eswatini (ZAR4.91M), and Mozambique (ZAR4.49M), and were imported mostly from Germany (ZAR6.88M), China (ZAR2.22M), Namibia (ZAR377k), Unclassified (ZAR4.51k), and South Korea (ZAR873).

Growth In June 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Zimbabwe (ZAR-7.42M or -81.8%), Botswana (ZAR-5.02M or -70.9%), and Mauritius (ZAR-3.43M or -53.3%). In June 2024, the increase in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by an increase in imports from China (ZAR32.3k or 8.46k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR-221M(-85.4%)
IMPORT GROWTH (June 2023 - June 2024)ZAR5.5M(138%)
MAIN EXPORTER (June 2024)DurbanZAR80.7M
MAIN DESTINATION (June 2024)MauritiusZAR8.36M

This section shows Hot-Rolled Iron Bars's exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$85.1M
IMPORTS (2022)$1.09M
NET TRADE (2022)$84M

In 2022, South Africa exported $85.1M in Hot-Rolled Iron Bars. The main destinations of South Africa exports on Hot-Rolled Iron Bars were Ghana ($21.4M), Kenya ($12M), Tanzania ($9.58M), Zambia ($8.01M), and Cote d'Ivoire ($5.22M).

In 2022, South Africa imported $1.09M in Hot-Rolled Iron Bars, mainly from China ($522k), Mauritius ($244k), Japan ($176k), Germany ($85.8k), and Botswana ($46.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Ghana$19.3M (918%)
Cote d'Ivoire$5.04M (2.79k%)
Democratic Republic of the Congo$742k (1.44k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY South Africa WERE (2021 - 2022):
Uganda-$7.35M (-100%)
Benin-$4.36M (-68.7%)
Kenya-$4.04M (-25.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
Malaysia $1.45B
In 2022, South Africa's main importing competitors in Hot-Rolled Iron Bars were:
United States $1.29B
Germany $897M
Israel $826M

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.06M
TOP IMPORT POTENTIALChina+ $346k

Hot-Rolled Iron Bars’s highest export potential is France. With an export gap of $2.06M.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $346k.

See methodology.

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