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Pricing

2022
Exports $11.1MWorld Rnk 41 / 179
Flag Rnk 516 / 1213
2022
Destination $2M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $2MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Compasses0.89Rnk 212 / 1025
2022
Imports $47.4MWorld Rnk 28 / 211
Flag Rnk 327 / 1213
2022
Origin $2.92M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.92MUnited States
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $11.1M in Compasses, making it the 41st largest exporter of Compasses in the world. At the same year, Compasses was the 516th most exported product in South Africa. The main destination of Compasses exports from South Africa are: United Kingdom ($3.52M), United States ($1.6M), Mozambique ($1.22M), Germany ($1.21M), and France ($630k).

The fastest growing export markets for Compasses of South Africa between 2021 and 2022 were United Kingdom ($2M), Mozambique ($797k), and France ($453k).

Imports In 2022, South Africa imported $47.4M in Compasses, becoming the 28th largest importer of Compasses in the world. At the same year, Compasses was the 327th most imported product in South Africa. South Africa imports Compasses primarily from: United States ($24.5M), France ($3.75M), Netherlands ($3.21M), Czechia ($3.19M), and United Kingdom ($2.74M).

The fastest growing import markets in Compasses for South Africa between 2021 and 2022 were United States ($2.92M), Netherlands ($1.67M), and United Kingdom ($770k).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Compasses exports accounted up to ZAR11.8M and imports accounted up to ZAR50.6M, resulting in a negative trade balance of ZAR38.8M. Between June 2023 and June 2024 the exports of South Africa's   Compasses have decreased by ZAR-184k (-1.53%) from ZAR12M to ZAR11.8M, while imports decreased by ZAR-25.2M (-33.3%) from ZAR75.9M to ZAR50.6M.

Destinations In June 2024, Compasses were exported mostly to United States (ZAR4.54M), United Kingdom (ZAR4.45M), Spain (ZAR686k), France (ZAR592k), and Namibia (ZAR322k), and were imported mostly from United States (ZAR23.4M), United Kingdom (ZAR10.1M), Norway (ZAR2.35M), Chinese Taipei (ZAR2.09M), and Japan (ZAR1.93M).

Growth In June 2024, the decrease in Compasses's year-by-year exports was explained primarily by a decrease in exports to Mozambique (ZAR-4.04M or -100%), Namibia (ZAR-422k or -90.5%), and Finland (ZAR-7.54k or -10.8%). In June 2024, the decrease in Compasses's year-by-year imports was explained primarily by a decrease in imports from Norway (ZAR-2.82M or -94.4%), France (ZAR-1.69M or -67.5%), and Germany (ZAR-1.56M or -55.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR-184k(-1.53%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-25.2M(-33.3%)
MAIN EXPORTER (June 2024)O.r. Tambo Int AirportZAR32.8M
MAIN DESTINATION (June 2024)United StatesZAR4.54M

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.1M
IMPORTS (2022)$47.4M
NET TRADE (2022)-$36.4M

In 2022, South Africa exported $11.1M in Compasses. The main destinations of South Africa exports on Compasses were United Kingdom ($3.52M), United States ($1.6M), Mozambique ($1.22M), Germany ($1.21M), and France ($630k).

In 2022, South Africa imported $47.4M in Compasses, mainly from United States ($24.5M), France ($3.75M), Netherlands ($3.21M), Czechia ($3.19M), and United Kingdom ($2.74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
United Kingdom$2M (132%)
Mozambique$797k (190%)
France$453k (257%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY South Africa WERE (2021 - 2022):
Estonia-$2M (-99.9%)
Italy-$1.63M (-93.4%)
United States-$1.62M (-50.3%)
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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 Compasses were:
United States $1.62B
United Kingdom $1.13B
France $911M
In 2022, South Africa's main importing competitors in Compasses were:
United States $1.53B
United Kingdom $571M
France $529M

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.75M
TOP IMPORT POTENTIALUnited Kingdom+ $1.53M

Compasses’s highest export potential is United States. With an export gap of $1.75M.   Compasses’s highest import potential is United Kingdom with an import gap of $1.53M.

See methodology.

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