Overview In May 2023 South Africa's Ferroalloys exports accounted up to ZAR7.69B and imports accounted up to ZAR267M, resulting in a positive trade balance of ZAR7.42B. Between May 2022 and May 2023 the exports of South Africa's Ferroalloys have increased by ZAR2.2B (40%) from ZAR5.49B to ZAR7.69B, while imports decreased by ZAR-279M (-51.1%) from ZAR546M to ZAR267M.
Destinations In May 2023, Ferroalloys were exported mostly to China (ZAR3.06B), Mozambique (ZAR1.51B), United States (ZAR596M), Japan (ZAR588M), and South Korea (ZAR416M), and were imported mostly from Brazil (ZAR134M), China (ZAR39M), Zambia (ZAR28.1M), Canada (ZAR11.9M), and Netherlands (ZAR11.6M).
Growth In May 2023, the increase in Ferroalloys's year-by-year exports was explained primarily by an increase in exports to Indonesia (ZAR762M or 353%), China (ZAR640M or 70.5%), and South Korea (ZAR568M or 499%). In May 2023, the decrease in Ferroalloys's year-by-year imports was explained primarily by a decrease in imports from Brazil (ZAR-40.4M or -55.3%) and Germany (ZAR-443k or -100%).