2022
Exports
$18.1MWorld Rnk 30 / 159
Flag Rnk 431 / 1213
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$25MWorld Rnk 42 / 209
Flag Rnk 451 / 1213
2022
ECONOMIC COMPLEXITY of South Africa
0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $18.1M in Electric Furnaces, making it the 30th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 431st most exported product in South Africa. The main destination of Electric Furnaces exports from South Africa are: Brazil ($6.36M), Canada ($1.68M), China ($1.55M), Zambia ($1.15M), and Zimbabwe ($1.11M).

The fastest growing export markets for Electric Furnaces of South Africa between 2021 and 2022 were Brazil ($6.33M), China ($1.54M), and Canada ($1.54M).

Imports In 2022, South Africa imported $25M in Electric Furnaces, becoming the 42nd largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 451st most imported product in South Africa. South Africa imports Electric Furnaces primarily from: China ($4.89M), Italy ($4.06M), India ($3.1M), United States ($2.82M), and Germany ($2.45M).

The fastest growing import markets in Electric Furnaces for South Africa between 2021 and 2022 were Sweden ($2.33M), India ($1.5M), and Italy ($1.47M).

COMPANIES In 2023, leading companies such as John Deere (17) were at the forefront of shipping Electric Furnaces from South Africa to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR17.4M(41%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-31M(-71.1%)
MAIN EXPORTER (August 2024)DurbanZAR102M
MAIN DESTINATION (August 2024)United StatesZAR50.9M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.1M
IMPORTS (2022)$25M
NET TRADE (2022)-$6.88M

In 2022, South Africa exported $18.1M in Electric Furnaces. The main destinations of South Africa exports on Electric Furnaces were Brazil ($6.36M), Canada ($1.68M), China ($1.55M), Zambia ($1.15M), and Zimbabwe ($1.11M).

In 2022, South Africa imported $25M in Electric Furnaces, mainly from China ($4.89M), Italy ($4.06M), India ($3.1M), United States ($2.82M), and Germany ($2.45M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Brazil$6.33M (23.3k%)
China$1.54M (38.1k%)
Canada$1.54M (1.04k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY South Africa WERE (2021 - 2022):
Saudi Arabia-$1.41M (-100%)
Guinea-$1.31M (-96.6%)
Indonesia-$642k (-98.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, South Africa's main importing competitors in Electric Furnaces were:

Explore Visualizations

Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.98M
TOP IMPORT POTENTIALChina+ $1.99M

Electric Furnaces’s highest export potential is China. With an export gap of $1.98M.   Electric Furnaces’s highest import potential is China with an import gap of $1.99M.

See methodology.

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