2023
Exports
$52.8MWorld Rnk 22 / 160
Flag Rnk 229 / 1214
2023
PRODUCT COMPLEXITY IN Electric Furnaces
1.62Rnk 31 / 1025
2023
Imports
$27.8MWorld Rnk 43 / 206
Flag Rnk 397 / 1211
2023
ECONOMIC COMPLEXITY of South Africa
0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $52.8M in Electric Furnaces, making it the 22nd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 229th most exported product in South Africa. The main destination of Electric Furnaces exports from South Africa are: Zimbabwe ($41M), Democratic Republic of the Congo ($3.95M), Mali ($861k), China ($819k), and Australia ($752k).

The fastest growing export markets for Electric Furnaces of South Africa between 2022 and 2023 were Zimbabwe ($38.4M), Democratic Republic of the Congo ($3.59M), and Mali ($755k).

Imports In 2023, South Africa imported $27.8M in Electric Furnaces, becoming the 43rd largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 397th most imported product in South Africa. South Africa imports Electric Furnaces primarily from: United States ($5.96M), China ($5.01M), Italy ($3.82M), India ($2.48M), and Germany ($2.18M).

The fastest growing import markets in Electric Furnaces for South Africa between 2022 and 2023 were United States ($3.02M), Turkey ($1.81M), and France ($663k).

COMPANIES In 2023, leading companies such as John Deere (17) were at the forefront of shipping Electric Furnaces from South Africa to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR24.3M(192%)
IMPORT GROWTH (November 2023 - November 2024)ZAR14.5M(52.3%)
MAIN EXPORTER (November 2024)DurbanZAR102M
MAIN DESTINATION (November 2024)GermanyZAR26.5M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$52.8M
IMPORTS (2023)$27.8M
NET TRADE (2023)$25.1M

In 2023, South Africa exported $52.8M in Electric Furnaces. The main destinations of South Africa exports on Electric Furnaces were Zimbabwe ($41M), Democratic Republic of the Congo ($3.95M), Mali ($861k), China ($819k), and Australia ($752k).

In 2023, South Africa imported $27.8M in Electric Furnaces, mainly from United States ($5.96M), China ($5.01M), Italy ($3.82M), India ($2.48M), and Germany ($2.18M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Zimbabwe$38.4M (1.48k%)
Mali$755k (711%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY South Africa WERE (2022 - 2023):
Brazil-$32.6M (-98.5%)
Canada-$1.27M (-75.5%)
Zambia-$1.2M (-77.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Electric Furnaces were:
China $1.28B
Italy $638M
In 2023, South Africa's main importing competitors in Electric Furnaces were:

Explore Visualizations

Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.98M
TOP IMPORT POTENTIALChina+ $1.99M

Electric Furnaces’s highest export potential is China. With an export gap of $1.98M.   Electric Furnaces’s highest import potential is China with an import gap of $1.99M.

See methodology.

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