Ferroalloys in South Africa 2021 Exports | Imports : $4.32B | $234M, World Rnk 2 / 125 Rnk 7 / 1209 | World Rnk 27 / 167 Rnk 83 / 1212
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $255M | $48.7M, Indonesia | Zimbabwe
2021 ECONOMIC COMPLEXITY of South Africa: 0.098, Rnk 59 / 131
2021 PRODUCT COMPLEXITY IN Ferroalloys: -1.38, Rnk 928 / 1024
Exports In 2021, South Africa exported $4.32B in Ferroalloys, making it the 2nd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 7th most exported product in South Africa. The main destination of Ferroalloys exports from South Africa are: China ($1.06B), United Arab Emirates ($611M), Indonesia ($533M), United States ($372M), and South Korea ($292M).
The fastest growing export markets for Ferroalloys of South Africa between 2020 and 2021 were Indonesia ($255M), United Arab Emirates ($247M), and South Korea ($161M).
Imports In 2021, South Africa imported $234M in Ferroalloys, becoming the 27th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 83rd most imported product in South Africa. South Africa imports Ferroalloys primarily from: Brazil ($63.9M), Zimbabwe ($55M), New Caledonia ($24.3M), Zambia ($21.3M), and India ($9.8M).
The fastest growing import markets in Ferroalloys for South Africa between 2020 and 2021 were Zimbabwe ($48.7M), Brazil ($23.1M), and Zambia ($12.5M).
May 2023
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%).
EXPORT GROWTH (May 2022 - May 2023): ZAR2.2B, (40%)
IMPORT GROWTH (May 2022 - May 2023): ZAR-279M, (-51.1%)
MAIN EXPORTER (May 2023): Komatipoort, ZAR5.48B
MAIN DESTINATION (May 2023): China, ZAR3.06B
This section shows Ferroalloys'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 Ferroalloys over time.
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EXPORTS (2021): $4.32B
IMPORTS (2021): $234M
NET TRADE (2021): $4.09B
In 2021, South Africa exported $4.32B in Ferroalloys. The main destinations of South Africa exports on Ferroalloys were China ($1.06B), United Arab Emirates ($611M), Indonesia ($533M), United States ($372M), and South Korea ($292M).
In 2021, South Africa imported $234M in Ferroalloys, mainly from Brazil ($63.9M), Zimbabwe ($55M), New Caledonia ($24.3M), Zambia ($21.3M), and India ($9.8M).
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR South Africa WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY South Africa WERE (2020 - 2021):
In 2021, South Africa's main exporting competitors in Ferroalloys were:
In 2021, South Africa's main importing competitors in Ferroalloys were:
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