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2022
Flag → Flag
Exports $2.58BRnk 17 / 214
2022
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Top Product $848MCoal Briquettes
2022
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Exports $2.57BRnk 42 / 221
2022
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Top Product $347MJewellery
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
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2022
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 GDP$2.01TCURRENT US$
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2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

South Africa-Italy Trade: In 2022, South Africa exported $2.58B to Italy. The main products that South Africa exported to Italy were Coal Briquettes ($848M), Platinum ($550M), and Gold ($277M). Over the past 5 years the exports of South Africa to Italy have increased at an annualized rate of 13.5%, from $1.37B in 2017 to $2.58B in 2022.

In 2022, South Africa did not export any services to Italy.

Italy-South Africa Trade: In 2022, Italy exported $2.57B to South Africa. The main products that Italy exported to South Africa were Jewellery ($347M), Refined Petroleum ($244M), and Packaged Medicaments ($60.9M). Over the past 5 years the exports of Italy to South Africa have increased at an annualized rate of 3.72%,  from $2.14B in 2017 to $2.57B in 2022.

In 2020, Italy exported services to South Africa worth $85M, with Other business services ($27.8M), Transportation ($20.3M), and Travel ($17.7M) being the largest in terms of value.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

September, 2024

About

Overview In September 2024, South Africa exported ZAR951M and imported ZAR3.02B from Italy, resulting in a negative trade balance of ZAR2.07B. Between September 2023 and September 2024 the exports of South Africa have decreased by ZAR-529M (-35.8%) from ZAR1.48B to ZAR951M, while imports decreased by ZAR-734M (-19.6%) from ZAR3.75B to ZAR3.02B.

Trade In September 2024, the top exports of South Africa to Italy were Coal Briquettes (ZAR1.73B), Ferroalloys (ZAR279M), Corn (ZAR252M), Molluscs (ZAR85.3M), and Feldspar (ZAR72.8M). In September 2024 the top imports of South Africa from Italy were Packaged Medicaments (ZAR164M), Coke (ZAR120M), Insulated Wire (ZAR103M), Plastic Lids (ZAR85.8M), and Motor vehicles; parts and accessories (8701... (ZAR84.4M).

Origins In September 2024 the exports of South Africa were mainly from Cape Town (ZAR269M), Durban (ZAR260M), Komatipoort (ZAR169M), Port Elizabeth (ZAR111M), and Richards Bay (ZAR61.3M), while imports destinations were mainly Durban (ZAR1.44B), O.R. Tambo Int Airport (ZAR602M), Cape Town (ZAR471M), Port Elizabeth (ZAR272M), and Johannesburg (ZAR122M).

Growth In September 2024, the decrease in South Africa's year-by-year exports to Italy was explained primarily by an decrease in product exports in Large Flat-Rolled Stainless Steel (ZAR-167M or -96.8%), Wine (ZAR-24.3M or -99.6%), and Tanned Equine and Bovine Hides (ZAR-24.2M or -95.1%). In September 2024, the decrease in South Africa's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Rubberworking Machinery (ZAR-71.4M or -59.6%), Washing and Bottling Machines (ZAR-45.7M or -42.3%), and Forging Machines (ZAR-20.1M or -99.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)ZAR-529M(-35.8%)
IMPORT GROWTH (September 2023 - September 2024)ZAR-734M(-19.6%)
MAIN EXPORTER (September 2024)Cape TownZAR269M

This section shows 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 product to explore the exports or imports behavior of South Africa over time.

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

For full datasets download visit Bulk Download page.

Explore Italy and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $2.58B to Italy. The main products exported from South Africa to Italy were Coal Briquettes ($848M), Platinum ($550M), and Gold ($277M). During the last 5 years the exports of South Africa to Italy have increased at an annualized rate of 13.5%, from $1.37B in 2017 to $2.58B in 2022.

In 2017, Italy exported $2.57B to South Africa. The main products exported from Italy to South Africa were Jewellery ($347M), Refined Petroleum ($244M), and Packaged Medicaments ($60.9M). During the last 5 years the exports of Italy to South Africa have increased at an annualized rate of 3.72%, from $2.14B in 2022 to $2.57B in 2017.

Exports from South Africa (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from South Africa than Italy included China ($23.4B), Mozambique ($5.43B), and Botswana ($4.74B).

In 2022, countries that imported more from Italy than South Africa included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

Difference in imports from Italy (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Italy

Flow
Scale

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

During 2022, South Africa had a large net trade with Italy in the exports of Mineral Products ($959M), Precious Metals ($847M), and Metals ($359M).

During 2017, Italy had a large net trade with South Africa in the exports of Machines ($654M), Precious Metals ($350M), and Chemical Products ($285M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Italy+$159MGold
Top Product Potential Italy South Africa+$133MRefined Petroleum

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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Bilateral Service Trade

In 2020, Italy exported services to South Africa worth $85M, with Other business services ($27.8M), Transportation ($20.3M), and Travel ($17.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Italy (Flag) to South Africa (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Italy (Flag) (2022)

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