Gold in South Africa

EXPORTS (2018): $17.9B, World Rnk 4 / 166
Flag Rnk 1 / 1203

TOP DESTINATION (2018): $6.68B, China

FASTEST GROWING MARKET (2017 - 2018): $991M, United Arab Emirates

IMPORTS (2018): $2.08B, World Rnk 19 / 142
Flag Rnk 6 / 1206

TOP ORIGIN (2018): $916M, Ghana

FASTEST GROWING ORIGIN (2017 - 2018): $528M, Zimbabwe

ECONOMIC COMPLEXITY of South Africa (2018): 0.16, Rnk 59 / 137

PRODUCT COMPLEXITY  IN Gold (2018): -2.33, Rnk 1009 / 1018

Overview: This page contains the latest trade data of Gold in South Africa.

Exports: In 2018, South Africa exported $17.9B in Gold, making it the 4th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in South Africa. The main destination of Gold exports from South Africa are: China ($6.68B), United Kingdom ($3.95B), Switzerland ($1.66B), Hong Kong ($1.51B), and India ($1.05B).

The fastest growing export markets for Gold of South Africa between 2017 and 2018 were United Arab Emirates ($991M), Switzerland ($823M), and Thailand ($238M).

Imports: In 2018, South Africa imported $2.08B in Gold, becoming the 19th largest importer of Gold in the world. At the same year, Gold was the 6th most imported product in South Africa. South Africa imports Gold primarily from: Ghana ($916M), Zimbabwe ($528M), Cote d'Ivoire ($284M), Lebanon ($172M), and United Arab Emirates ($107M).

The fastest growing import markets in Gold for South Africa between 2017 and 2018 were Zimbabwe ($528M), Cote d'Ivoire ($284M), and United Arab Emirates ($107M).

Overview: In July 2020 South Africa's Gold exports accounted up to ZAR9.53B and imports accounted up to ZAR714M, resulting in a positive trade balance of ZAR8.82B. Between July 2019 and July 2020 the exports of South Africa's   Gold have increased by ZAR3.17B (49.9%) from ZAR6.36B to ZAR9.53B, while imports increased by ZAR342M (92%) from ZAR372M to ZAR714M.

Destinations: In July 2020 Gold exported mostly to Special Categories (ZAR8.72B) and Namibia (ZAR41.7k), and imported mostly from Namibia (ZAR576M), Botswana (ZAR34.4M), Switzerland (ZAR414k), and United States (ZAR178k).

Growth: In July 2020, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to Special Categories (ZAR5.54B or 175%). In July 2020, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Namibia (ZAR250M or 76.9%) and United States (ZAR159k or 847%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): ZAR3.17B, (49.9%)

IMPORT GROWTH (July 2019 - July 2020): ZAR342M, (92%)

MAIN EXPORTER (July 2020): Sa Reserwebank, ZAR8.72B

MAIN DESTINATION (July 2020): Special Categories, ZAR8.72B

This section shows Gold'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 Gold over time.

Value

EXPORTS (2018): $17.9B

IMPORTS (2018): $2.08B

NET TRADE (2018): $15.8B

In 2018, South Africa exported $17.9B in Gold. The main destinations of South Africa exports on Gold were China ($6.68B), United Kingdom ($3.95B), Switzerland ($1.66B), Hong Kong ($1.51B), and India ($1.05B).

In 2018, South Africa imported $2.08B in Gold, mainly from Ghana ($916M), Zimbabwe ($528M), Cote d'Ivoire ($284M), Lebanon ($172M), and United Arab Emirates ($107M).

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IN 2018, South Africa HAD A POSITIVE NET TRADE IN Gold WITH:

  • China, $6.68B ($6.68B - $2.41k)
  • United Kingdom, $3.93B ($3.95B - $12.7M)
  • Switzerland, $1.66B ($1.66B - $22.3k)

IN 2018, South Africa HAD A NEGATIVE NET TRADE IN Gold WITH:

  • Ghana, -$916M ($0 - $916M)
  • Zimbabwe, -$528M ($0 - $528M)
  • Cote d'Ivoire, -$284M ($0 - $284M)
Flow

THE FASTEST GROWING Gold EXPORT MARKETS FOR South Africa WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY South Africa WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, South Africa's main exporting competitors in Gold were:

In 2018, South Africa's main importing competitors in Gold were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Gold in South Africa. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the tariffs for Gold in the imports of South Africa were of 0% around the world.

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