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2022
Exports $34MWorld Rnk 49 / 214
Flag Rnk 312 / 1213
2022
Destination $7.72M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $7.72MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Imports $188MWorld Rnk 37 / 223
Flag Rnk 122 / 1213
2022
Origin $7.91M Germany
2021 - 2022
FASTEST GROWING ORIGIN $7.91MGermany
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $34M in Thermostats, making it the 49th largest exporter of Thermostats in the world. At the same year, Thermostats was the 312th most exported product in South Africa. The main destination of Thermostats exports from South Africa are: United Kingdom ($8.18M), China ($3.1M), Sweden ($3.08M), Botswana ($2.62M), and Angola ($2.12M).

The fastest growing export markets for Thermostats of South Africa between 2021 and 2022 were United Kingdom ($7.72M), Sweden ($3.05M), and Angola ($1.17M).

Imports In 2022, South Africa imported $188M in Thermostats, becoming the 37th largest importer of Thermostats in the world. At the same year, Thermostats was the 122nd most imported product in South Africa. South Africa imports Thermostats primarily from: Germany ($63M), Japan ($31.8M), China ($28.1M), Malaysia ($9.19M), and United States ($7.2M).

The fastest growing import markets in Thermostats for South Africa between 2021 and 2022 were Germany ($7.91M), United States ($1.9M), and Australia ($1.46M).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Thermostats exports accounted up to ZAR22.4M and imports accounted up to ZAR181M, resulting in a negative trade balance of ZAR158M. Between August 2023 and August 2024 the exports of South Africa's   Thermostats have increased by ZAR3.32M (17.5%) from ZAR19M to ZAR22.4M, while imports decreased by ZAR-10.2M (-5.36%) from ZAR191M to ZAR181M.

Destinations In August 2024, Thermostats were exported mostly to Namibia (ZAR6.25M), Malawi (ZAR2.33M), Nicaragua (ZAR2.18M), Zambia (ZAR1.86M), and Democratic Republic of the Congo (ZAR1.59M), and were imported mostly from Germany (ZAR34.7M), China (ZAR33.2M), United States (ZAR28.4M), Italy (ZAR10M), and Finland (ZAR8.78M).

Growth In August 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to Australia (ZAR928k or 826%), Namibia (ZAR533k or 71.4%), and Democratic Republic of the Congo (ZAR446k or 112%). In August 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from United States (ZAR-9.42M or -18.7%), Netherlands (ZAR-4.16M or -73.5%), and Japan (ZAR-1.48M or -18.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR3.32M(17.5%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-10.2M(-5.36%)
MAIN EXPORTER (August 2024)O.r. Tambo Int AirportZAR7.95M
MAIN DESTINATION (August 2024)NamibiaZAR6.25M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34M
IMPORTS (2022)$188M
NET TRADE (2022)-$154M

In 2022, South Africa exported $34M in Thermostats. The main destinations of South Africa exports on Thermostats were United Kingdom ($8.18M), China ($3.1M), Sweden ($3.08M), Botswana ($2.62M), and Angola ($2.12M).

In 2022, South Africa imported $188M in Thermostats, mainly from Germany ($63M), Japan ($31.8M), China ($28.1M), Malaysia ($9.19M), and United States ($7.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
United Kingdom$7.72M (1.67k%)
Sweden$3.05M (10.4k%)
Angola$1.17M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY South Africa WERE (2021 - 2022):
China-$2.56M (-45.3%)
Zambia-$407k (-23%)
Madagascar-$333k (-43.4%)
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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 Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, South Africa's main importing competitors in Thermostats were:
United States $6.78B
China $3.47B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.7M
TOP IMPORT POTENTIALChina+ $12.4M

Thermostats’s highest export potential is China. With an export gap of $3.7M.   Thermostats’s highest import potential is China with an import gap of $12.4M.

See methodology.

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