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2022
Exports $8.69MWorld Rnk 27 / 200
Flag Rnk 553 / 1213
2022
Destination $349k Botswana
2021 - 2022
FASTEST GROWING MARKET $349kBelgium
2022
PRODUCT COMPLEXITY IN Wrenches1.67Rnk 30 / 1025
2022
Imports $24.1MWorld Rnk 35 / 219
Flag Rnk 460 / 1213
2022
Origin $2.16M China
2021 - 2022
FASTEST GROWING ORIGIN $2.16MChinese Taipei
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $8.69M in Wrenches, making it the 27th largest exporter of Wrenches in the world. At the same year, Wrenches was the 553rd most exported product in South Africa. The main destination of Wrenches exports from South Africa are: Botswana ($1.13M), Namibia ($1.12M), Zimbabwe ($948k), United States ($940k), and Zambia ($704k).

The fastest growing export markets for Wrenches of South Africa between 2021 and 2022 were Belgium ($349k), Namibia ($331k), and Botswana ($268k).

Imports In 2022, South Africa imported $24.1M in Wrenches, becoming the 35th largest importer of Wrenches in the world. At the same year, Wrenches was the 460th most imported product in South Africa. South Africa imports Wrenches primarily from: China ($8.65M), Chinese Taipei ($6.16M), India ($3.14M), Germany ($1.49M), and United Kingdom ($1.34M).

The fastest growing import markets in Wrenches for South Africa between 2021 and 2022 were Chinese Taipei ($2.16M), India ($787k), and United Kingdom ($535k).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Wrenches exports accounted up to ZAR13.6M and imports accounted up to ZAR32M, resulting in a negative trade balance of ZAR18.4M. Between June 2023 and June 2024 the exports of South Africa's   Wrenches have increased by ZAR854k (6.69%) from ZAR12.8M to ZAR13.6M, while imports increased by ZAR3.02M (10.4%) from ZAR29M to ZAR32M.

Destinations In June 2024, Wrenches were exported mostly to Liberia (ZAR3.17M), United States (ZAR1.79M), Zambia (ZAR1.35M), Democratic Republic of the Congo (ZAR1.11M), and Namibia (ZAR939k), and were imported mostly from China (ZAR12M), Chinese Taipei (ZAR10.6M), Germany (ZAR2.11M), India (ZAR1.59M), and United States (ZAR1.52M).

Growth In June 2024, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to Botswana (ZAR581k or 73.9%), Namibia (ZAR314k or 45.7%), and Zimbabwe (ZAR230k or 52.2%). In June 2024, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (ZAR4.09M or 49.8%), Germany (ZAR1.77M or 165%), and United States (ZAR754k or 87.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR854k(6.69%)
IMPORT GROWTH (June 2023 - June 2024)ZAR3.02M(10.4%)
MAIN EXPORTER (June 2024)DurbanZAR3.84M
MAIN DESTINATION (June 2024)LiberiaZAR3.17M

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.69M
IMPORTS (2022)$24.1M
NET TRADE (2022)-$15.4M

In 2022, South Africa exported $8.69M in Wrenches. The main destinations of South Africa exports on Wrenches were Botswana ($1.13M), Namibia ($1.12M), Zimbabwe ($948k), United States ($940k), and Zambia ($704k).

In 2022, South Africa imported $24.1M in Wrenches, mainly from China ($8.65M), Chinese Taipei ($6.16M), India ($3.14M), Germany ($1.49M), and United Kingdom ($1.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Belgium$349k (400%)
Namibia$331k (42%)
Botswana$268k (31.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY South Africa WERE (2021 - 2022):
Zimbabwe-$121k (-11.3%)
United Arab Emirates-$89.7k (-79.8%)
Senegal-$75.2k (-89.5%)
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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 Wrenches were:
China $1.41B
Chinese Taipei $1.02B
Germany $349M
In 2022, South Africa's main importing competitors in Wrenches were:
United States $923M
Germany $325M
France $152M

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $922k
TOP IMPORT POTENTIALChina+ $1.24M

Wrenches’s highest export potential is United States. With an export gap of $922k.   Wrenches’s highest import potential is China with an import gap of $1.24M.

See methodology.

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