2022
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GDP
$406BCURRENT US$
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2012-2022
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GDP GROWTH
-6.57%CURRENT US$
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2022
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 GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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GDP PC 
$6,776CURRENT US$
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2012-2022
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GDP PC GROWTH
-17.1%CURRENT US$
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2022
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GDP PC
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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About

South Africa-Russia Trade: In 2022, South Africa exported $283M to Russia. The main products that South Africa exported to Russia were Citrus ($138M), Apples and Pears ($61.4M), and Other Nuts ($13.2M). Over the past 5 years the exports of South Africa to Russia have decreased at an annualized rate of 10.7%, from $498M in 2017 to $283M in 2022.

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

Russia-South Africa Trade: In 2022, Russia exported $548M to South Africa. The main products that Russia exported to South Africa were Mixed Mineral or Chemical Fertilizers ($140M), Nitrogenous Fertilizers ($85.6M), and Copper Wire ($70M). Over the past 5 years the exports of Russia to South Africa have increased at an annualized rate of 9.59%,  from $347M in 2017 to $548M in 2022.

In 2020, Russia exported services to South Africa worth $18.9M, with Transportation ($5.81M), Royalties and license fees ($5.64M), and Other business services ($3.36M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $283M to Russia. The main products exported from South Africa to Russia were Citrus ($138M), Apples and Pears ($61.4M), and Other Nuts ($13.2M). During the last 5 years the exports of South Africa to Russia have decreased at an annualized rate of 10.7%, from $498M in 2017 to $283M in 2022.

In 2017, Russia exported $548M to South Africa. The main products exported from Russia to South Africa were Mixed Mineral or Chemical Fertilizers ($140M), Nitrogenous Fertilizers ($85.6M), and Copper Wire ($70M). During the last 5 years the exports of Russia to South Africa have increased at an annualized rate of 9.59%, from $347M in 2022 to $548M in 2017.

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

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

Market Competitiveness

Color
South Africa
Top Destination
China$23.4B
Russia
Top Destination
China$101B

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

In 2022, countries that imported more from South Africa than Russia included Mozambique ($5.43B), Botswana ($4.74B), and Namibia ($3.3B).

In 2022, countries that imported more from Russia than South Africa included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage South Africa - Russia

Flow
Scale

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

During 2022, South Africa had a large net trade with Russia in the exports of Vegetable Products ($229M), Foodstuffs ($20.4M), and Mineral Products ($12.2M).

During 2017, Russia had a large net trade with South Africa in the exports of Chemical Products ($287M), Metals ($95.2M), and Mineral Products ($58.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Russia+$7.82MWine
Top Product Potential Russia South Africa+$31.7MCoal Briquettes

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, Russia exported services to South Africa worth $18.9M, with Transportation ($5.81M), Royalties and license fees ($5.64M), and Other business services ($3.36M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (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 Russia. This means that a dot/product with the flag of South Africa indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over South Africa.

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

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