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2022
Exports $52.8MWorld Rnk 38 / 219
Flag Rnk 228 / 1213
2022
Destination $1.81M Zambia
2021 - 2022
FASTEST GROWING MARKET $1.81MZambia
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $197MWorld Rnk 36 / 220
Flag Rnk 121 / 1213
2022
Origin $5.2M China
2021 - 2022
FASTEST GROWING ORIGIN $5.2MChina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $52.8M in Ball Bearings, making it the 38th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 228th most exported product in South Africa. The main destination of Ball Bearings exports from South Africa are: Zambia ($8.99M), Zimbabwe ($5.06M), Mozambique ($4.68M), Democratic Republic of the Congo ($4.58M), and Namibia ($4.06M).

The fastest growing export markets for Ball Bearings of South Africa between 2021 and 2022 were Zambia ($1.81M), Democratic Republic of the Congo ($1.61M), and Singapore ($1.29M).

Imports In 2022, South Africa imported $197M in Ball Bearings, becoming the 36th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 121st most imported product in South Africa. South Africa imports Ball Bearings primarily from: China ($54.9M), United States ($32.4M), Germany ($26.5M), Japan ($14.6M), and South Korea ($9.17M).

The fastest growing import markets in Ball Bearings for South Africa between 2021 and 2022 were China ($5.2M), South Korea ($5.03M), and United States ($4.15M).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Ball Bearings exports accounted up to ZAR34.2M and imports accounted up to ZAR268M, resulting in a negative trade balance of ZAR233M. Between June 2023 and June 2024 the exports of South Africa's   Ball Bearings have decreased by ZAR-7.62M (-18.2%) from ZAR41.8M to ZAR34.2M, while imports decreased by ZAR-34.6M (-11.4%) from ZAR302M to ZAR268M.

Destinations In June 2024, Ball Bearings were exported mostly to Namibia (ZAR5.13M), Botswana (ZAR4.49M), Zambia (ZAR4.08M), Mozambique (ZAR3.43M), and Angola (ZAR3.2M), and were imported mostly from China (ZAR85.4M), United States (ZAR39.1M), Germany (ZAR25.4M), Japan (ZAR22.4M), and India (ZAR17.2M).

Growth In June 2024, the decrease in Ball Bearings's year-by-year exports was explained primarily by a decrease in exports to Sierra Leone (ZAR-11.7M or -96.8%), Democratic Republic of the Congo (ZAR-956k or -91.9%), and Ghana (ZAR-778k or -72.6%). In June 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from United States (ZAR-3.37M or -7.82%), Sweden (ZAR-2.37M or -18.7%), and Turkey (ZAR-2.07M or -84.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR-7.62M(-18.2%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-34.6M(-11.4%)
MAIN EXPORTER (June 2024)Groblers BridgeZAR11.4M
MAIN DESTINATION (June 2024)NamibiaZAR5.13M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$52.8M
IMPORTS (2022)$197M
NET TRADE (2022)-$144M

In 2022, South Africa exported $52.8M in Ball Bearings. The main destinations of South Africa exports on Ball Bearings were Zambia ($8.99M), Zimbabwe ($5.06M), Mozambique ($4.68M), Democratic Republic of the Congo ($4.58M), and Namibia ($4.06M).

In 2022, South Africa imported $197M in Ball Bearings, mainly from China ($54.9M), United States ($32.4M), Germany ($26.5M), Japan ($14.6M), and South Korea ($9.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Zambia$1.81M (25.3%)
Democratic Republic of the Congo$1.61M (54.2%)
Singapore$1.29M (755%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY South Africa WERE (2021 - 2022):
United States-$995k (-32%)
Brazil-$784k (-82.1%)
Namibia-$247k (-5.73%)
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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 Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, South Africa's main importing competitors in Ball Bearings were:
Germany $4.52B
United States $3.67B
China $3.34B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.91M
TOP IMPORT POTENTIALChina+ $14.6M

Ball Bearings’s highest export potential is United States. With an export gap of $3.91M.   Ball Bearings’s highest import potential is China with an import gap of $14.6M.

See methodology.

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