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2022
Exports $218kWorld Rnk 55 / 100
Flag Rnk 1073 / 1213
2022
Destination $34.4k United States
2021 - 2022
FASTEST GROWING MARKET $34.4kIndia
2022
PRODUCT COMPLEXITY IN Magnesium0.95Rnk 193 / 1025
2022
Imports $41.9MWorld Rnk 28 / 168
Flag Rnk 350 / 1213
2022
Origin $15.5M China
2021 - 2022
FASTEST GROWING ORIGIN $15.5MChina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $218k in Magnesium, making it the 55th largest exporter of Magnesium in the world. At the same year, Magnesium was the 1073rd most exported product in South Africa. The main destination of Magnesium exports from South Africa are: United States ($61.1k), Mauritius ($43.7k), India ($34.4k), Democratic Republic of the Congo ($31.3k), and Mozambique ($21.9k).

The fastest growing export markets for Magnesium of South Africa between 2021 and 2022 were India ($34.4k), Mozambique ($21.9k), and Democratic Republic of the Congo ($19.3k).

Imports In 2022, South Africa imported $41.9M in Magnesium, becoming the 28th largest importer of Magnesium in the world. At the same year, Magnesium was the 350th most imported product in South Africa. South Africa imports Magnesium primarily from: China ($39.2M), Germany ($890k), Hong Kong ($864k), Bulgaria ($596k), and Austria ($247k).

The fastest growing import markets in Magnesium for South Africa between 2021 and 2022 were China ($15.5M), Hong Kong ($864k), and Bulgaria ($596k).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Magnesium exports accounted up to ZAR942 and imports accounted up to ZAR31.9M, resulting in a negative trade balance of ZAR31.9M. Between July 2023 and August 2024 the exports of South Africa's   Magnesium have decreased by ZAR-111k (-99.2%) from ZAR112k to ZAR942, while imports increased by ZAR13.6M (74.5%) from ZAR18.3M to ZAR31.9M.

Destinations In August 2024, Magnesium were exported mostly to Botswana (ZAR942), and were imported mostly from China (ZAR28.3M), Germany (ZAR2.5M), Austria (ZAR1.06M), United States (ZAR20k), and Italy (ZAR1.54k).

Growth In August 2024, the decrease in Magnesium's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Magnesium's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR2.99M or 54.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)ZAR-111k(-99.2%)
IMPORT GROWTH (August 2023 - August 2024)ZAR13.6M(74.5%)
MAIN EXPORTER (August 2024)DurbanZAR713k
MAIN DESTINATION (August 2024)BotswanaZAR942

This section shows Magnesium'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 Magnesium over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$218k
IMPORTS (2022)$41.9M
NET TRADE (2022)-$41.7M

In 2022, South Africa exported $218k in Magnesium. The main destinations of South Africa exports on Magnesium were United States ($61.1k), Mauritius ($43.7k), India ($34.4k), Democratic Republic of the Congo ($31.3k), and Mozambique ($21.9k).

In 2022, South Africa imported $41.9M in Magnesium, mainly from China ($39.2M), Germany ($890k), Hong Kong ($864k), Bulgaria ($596k), and Austria ($247k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Magnesium EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
India$34.4k (1%)
Mozambique$21.9k (1%)
Democratic Republic of the Congo$19.3k (160%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Magnesium BY South Africa WERE (2021 - 2022):
United Kingdom-$32.7k (-100%)
Saudi Arabia-$21.8k (-100%)
Botswana-$11k (-92.1%)
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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 Magnesium were:
China $2.46B
Israel $231M
Turkey $152M
In 2022, South Africa's main importing competitors in Magnesium were:
United States $877M
Canada $477M
Germany $211M

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Trade Value of Magnesium by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $95.1k
TOP IMPORT POTENTIALAustria+ $235k

Magnesium’s highest export potential is United States. With an export gap of $95.1k.   Magnesium’s highest import potential is Austria with an import gap of $235k.

See methodology.

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