Large Flat-Rolled Stainless Steel in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $660M in Large Flat-Rolled Stainless Steel, making it the 17th largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 24th most exported product in South Africa. The main destination of Large Flat-Rolled Stainless Steel exports from South Africa are: Netherlands ($92.7M), Italy ($73.4M), United States ($57.1M), Spain ($44.6M), and Mexico ($39.6M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of South Africa between 2021 and 2022 were Spain ($36.4M), United States ($26.4M), and Czechia ($25.6M).

Imports In 2022, South Africa imported $97M in Large Flat-Rolled Stainless Steel, becoming the 50th largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 200th most imported product in South Africa. South Africa imports Large Flat-Rolled Stainless Steel primarily from: China ($35.6M), Finland ($26.9M), Chinese Taipei ($17M), Sweden ($10.5M), and Germany ($2.12M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for South Africa between 2021 and 2022 were China ($8.02M), Finland ($2.71M), and Sweden ($1.4M).

Latest Trends

March 2024

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Overview In March 2024 South Africa's Large Flat-Rolled Stainless Steel exports accounted up to ZAR408M and imports accounted up to ZAR95.5M, resulting in a positive trade balance of ZAR313M. Between March 2023 and March 2024 the exports of South Africa's Large Flat-Rolled Stainless Steel have decreased by ZAR-217M (-34.7%) from ZAR625M to ZAR408M, while imports increased by ZAR15.8M (19.9%) from ZAR79.7M to ZAR95.5M.

Destinations In March 2024, Large Flat-Rolled Stainless Steel were exported mostly to Netherlands (ZAR76.3M), Italy (ZAR42.4M), United States (ZAR36.7M), United Kingdom (ZAR27.2M), and Mexico (ZAR26.3M), and were imported mostly from China (ZAR37.5M), Chinese Taipei (ZAR26.8M), Sweden (ZAR17.1M), Finland (ZAR10.1M), and Italy (ZAR2.89M).

Growth In March 2024, the decrease in Large Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to Netherlands (ZAR-243M or -87.7%), Italy (ZAR-167M or -96.8%), and United States (ZAR-134M or -87.7%). In March 2024, the increase in Large Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by an increase in imports from Finland (ZAR17.8M or 128%), Chinese Taipei (ZAR14.2M or 272%), and Italy (ZAR2.58M or 311k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)ZAR-217M(-34.7%)

IMPORT GROWTH (March 2023 - March 2024)ZAR15.8M(19.9%)

MAIN EXPORTER (March 2024)DurbanZAR397M

MAIN DESTINATION (March 2024)NetherlandsZAR76.3M

This section shows Large Flat-Rolled Stainless Steel'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 Large Flat-Rolled Stainless Steel over time.

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