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2023
Flag → Flag
Exports $7.43BRnk 14 / 220
2023
Flag → Flag
Top Product $2.63BRefined Petroleum
2023
Flag → Flag
Exports $10.8BRnk 4 / 211
2023
Flag → Flag
Top Product $4.82BGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
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Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
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GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$6,023CURRENT US$
Rnk 113 / 196
2013-2023
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GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195

About

India-South Africa Trade: In 2023, India exported $7.43B to South Africa. The main products that India exported to South Africa were Refined Petroleum ($2.63B), Cars ($1.3B), and Packaged Medicaments ($572M). Over the past 5 years the exports of India to South Africa have increased at an annualized rate of 12.9%, from $4.04B in 2018 to $7.43B in 2023.

In 2023, India did not export any services to South Africa.

South Africa-India Trade: In 2023, South Africa exported $10.8B to India. The main products that South Africa exported to India were Gold ($4.82B), Coal Briquettes ($3.55B), and Dissolving Grades Chemical Woodpulp ($517M). Over the past 5 years the exports of South Africa to India have increased at an annualized rate of 6.62%,  from $7.84B in 2018 to $10.8B in 2023.

In 2023, South Africa did not export any services to India.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $622M and imported $1.56B from South Africa, resulting in a negative trade balance of $938M. Between November 2023 and November 2024 the exports of India have decreased by $-20.6M (-3.21%) from $643M to $622M, while imports increased by $772M (98%) from $788M to $1.56B.

Trade In November 2024, the top exports of India to South Africa were Motor Vehicle/Cars ($179M), Petroleum Products ($116M), Drug Formulations, Biologicals ($43.8M), Telecom Instruments ($24.9M), and Inorganic Chemicals ($17.4M). In November 2024 the top imports of India from South Africa were Coal,Coke And Briquittes Etc ($218M), Gold ($189M), Pulp And Waste Paper ($64M), Copper And Prdcts Made Of Copr ($49.2M), and Bulk Minerals And Ores ($33.9M).

Growth In November 2024, the decrease in India's year-by-year exports to South Africa was explained primarily by an decrease in product exports in Pearl, Precs, Semiprecs Stones ($-12.5M or -70.6%), Aluminium, Products Of Aluminm ($-5.44M or -84.5%), and Plastc Sht, Film, Plts Et ($-1.28M or -22.4%). In November 2024, the increase in India's year-by-year imports  from South Africa was explained primarily by an increase in product imports  in Iron And Steel ($18.7M or 142%), Other Crude Minerals ($14.4M or 320%), and Inorganic Chemicals ($12.5M or 808%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-20.6M(-3.21%)
IMPORT GROWTH (November 2023 - November 2024)$772M(98%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check South Africa and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Africa and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $7.43B to South Africa. The main products exported from India to South Africa were Refined Petroleum ($2.63B), Cars ($1.3B), and Packaged Medicaments ($572M). During the last 5 years the exports of India to South Africa have increased at an annualized rate of 12.9%, from $4.04B in 2018 to $7.43B in 2023.

In 2018, South Africa exported $10.8B to India. The main products exported from South Africa to India were Gold ($4.82B), Coal Briquettes ($3.55B), and Dissolving Grades Chemical Woodpulp ($517M). During the last 5 years the exports of South Africa to India have increased at an annualized rate of 6.62%, from $7.84B in 2023 to $10.8B in 2018.

Exports from India (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
South Africa
Top DestinationChina$29.5B

This map shows whether countries import more from India or South Africa. Each country is colored based on the difference in imports they receive from India and South Africa or the difference in the growth in imports.

In 2023, countries that imported more from India than South Africa included United States ($85.5B), United Arab Emirates ($28.8B), and Bangladesh ($11.3B).

In 2023, countries that imported more from South Africa than India included China ($29.5B), Botswana ($4.28B), and Mozambique ($6.13B).

Difference in imports from South Africa (Flag) and India (Flag) (2023)

Comparative Advantage India - South Africa

Flow
Scale

This chart compares trade between India and South Africa by product, considering products traded by both, India and South Africa.

During 2023, India had a large net trade with South Africa in the exports of Mineral Products ($2.65B), Transportation ($1.65B), and Chemical Products ($1.02B).

During 2018, South Africa had a large net trade with India in the exports of Precious Metals ($5.22B), Mineral Products ($4.26B), and Paper Goods ($555M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India South Africa+$534MRefined Petroleum
Top Product Potential South Africa India+$729MGold

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and South Africa. This means that a dot/product with the flag of India indicates it has a comparative advantage over South Africa. Similarly, a dot/product with the flag of South Africa indicates it has a comparative advantage over India.

Product Space of India (Flag) and South Africa (Flag) (2023)

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