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2018
Exports $499kWorld Rnk 31 / 125
Flag Rnk 991 / 1213
2018
Destination $48.6k Botswana
2021 - 2022
FASTEST GROWING MARKET $48.6kMozambique
2018
Imports $2.4MWorld Rnk 32 / 197
Flag Rnk 895 / 1213
2018
Origin $243k China
2021 - 2022
FASTEST GROWING ORIGIN $243kGermany
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2018, South Africa exported $499k in Balances, making it the 31st largest exporter of Balances in the world. At the same year, Balances was the 991st most exported product in South Africa. The main destination of Balances exports from South Africa are: Botswana ($121k), Zimbabwe ($95.4k), Mozambique ($68.3k), Angola ($49.5k), and Nigeria ($28.3k).

The fastest growing export markets for Balances of South Africa between 2021 and 2022 were Mozambique ($48.6k), Angola ($46.5k), and Nigeria ($28.3k).

Imports In 2022, South Africa imported $2.4M in Balances, becoming the 32nd largest importer of Balances in the world. At the same year, Balances was the 895th most imported product in South Africa. South Africa imports Balances primarily from: China ($666k), Germany ($561k), Japan ($358k), Poland ($249k), and Switzerland ($212k).

The fastest growing import markets in Balances for South Africa between 2021 and 2022 were Germany ($243k), Japan ($126k), and China ($119k).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Balances exports accounted up to ZAR1.03M and imports accounted up to ZAR4.44M, resulting in a negative trade balance of ZAR3.41M. Between June 2023 and June 2024 the exports of South Africa's   Balances have increased by ZAR764k (284%) from ZAR269k to ZAR1.03M, while imports increased by ZAR2.18M (96.5%) from ZAR2.26M to ZAR4.44M.

Destinations In June 2024, Balances were exported mostly to Germany (ZAR1.02M), Uganda (ZAR6.97k), Eswatini (ZAR4.77k), and Namibia (ZAR3.2k), and were imported mostly from Japan (ZAR1.15M), Germany (ZAR956k), China (ZAR739k), Switzerland (ZAR731k), and Poland (ZAR473k).

Growth In June 2024, the increase in Balances's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Czechia (ZAR143k or 20.7k%), Germany (ZAR138k or 55.6%), and South Korea (ZAR19.2k or 139%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR764k(284%)
IMPORT GROWTH (June 2023 - June 2024)ZAR2.18M(96.5%)
MAIN EXPORTER (June 2024)O.r. Tambo Int AirportZAR1.03M
MAIN DESTINATION (June 2024)GermanyZAR1.02M

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$499k
IMPORTS (2022)$2.4M
NET TRADE (2022)-$1.9M

In 2022, South Africa exported $499k in Balances. The main destinations of South Africa exports on Balances were Botswana ($121k), Zimbabwe ($95.4k), Mozambique ($68.3k), Angola ($49.5k), and Nigeria ($28.3k).

In 2022, South Africa imported $2.4M in Balances, mainly from China ($666k), Germany ($561k), Japan ($358k), Poland ($249k), and Switzerland ($212k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Mozambique$48.6k (246%)
Angola$46.5k (1.53k%)
Nigeria$28.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY South Africa WERE (2021 - 2022):
Botswana-$127k (-51.1%)
Tanzania-$60.2k (-86.4%)
Ghana-$35k (-89.8%)
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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 Balances were:
China $102M
Germany $101M
Netherlands $48.4M
In 2022, South Africa's main importing competitors in Balances were:
United States $51.8M
Germany $27.3M
India $26.3M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $16.6k
TOP IMPORT POTENTIALChina+ $85.1k

Balances’s highest export potential is Germany. With an export gap of $16.6k.   Balances’s highest import potential is China with an import gap of $85.1k.

See methodology.

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