2023
Exports
$5.33BWorld Rnk 2 / 126
Flag Rnk 8 / 1214
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$118MWorld Rnk 35 / 171
Flag Rnk 150 / 1211
2023
ECONOMIC COMPLEXITY of South Africa
0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $5.33B in Ferroalloys, making it the 2nd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 8th most exported product in South Africa. The main destination of Ferroalloys exports from South Africa are: China ($1.74B), Mozambique ($1.05B), Indonesia ($907M), United States ($296M), and Japan ($234M).

The fastest growing export markets for Ferroalloys of South Africa between 2022 and 2023 were China ($450M), Belgium ($58.4M), and Mozambique ($39.9M).

Imports In 2023, South Africa imported $118M in Ferroalloys, becoming the 35th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 150th most imported product in South Africa. South Africa imports Ferroalloys primarily from: Brazil ($30.1M), Zambia ($18.2M), China ($15.7M), South Korea ($8.62M), and Canada ($5.88M).

The fastest growing import markets in Ferroalloys for South Africa between 2022 and 2023 were South Korea ($4.31M), Norway ($1.2M), and Thailand ($989k).

COMPANIES In 2023, leading companies such as Loblaws Supermarkets (19) were at the forefront of shipping Ferroalloys from South Africa to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR-1.85B(-25.1%)
IMPORT GROWTH (November 2023 - November 2024)ZAR66.2M(68%)
MAIN EXPORTER (November 2024)KomatipoortZAR4.99B
MAIN DESTINATION (November 2024)MozambiqueZAR1.94B

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.33B
IMPORTS (2023)$118M
NET TRADE (2023)$5.21B

In 2023, South Africa exported $5.33B in Ferroalloys. The main destinations of South Africa exports on Ferroalloys were China ($1.74B), Mozambique ($1.05B), Indonesia ($907M), United States ($296M), and Japan ($234M).

In 2023, South Africa imported $118M in Ferroalloys, mainly from Brazil ($30.1M), Zambia ($18.2M), China ($15.7M), South Korea ($8.62M), and Canada ($5.88M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
China$450M (35%)
Belgium$58.4M (91.3%)
Mozambique$39.9M (3.93%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY South Africa WERE (2022 - 2023):
Indonesia-$311M (-25.6%)
South Korea-$220M (-72.8%)
United States-$205M (-40.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Ferroalloys were:
In 2023, South Africa's main importing competitors in Ferroalloys were:

Explore Visualizations

Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $237M
TOP IMPORT POTENTIALIndia+ $7.48M

Ferroalloys’s highest export potential is China. With an export gap of $237M.   Ferroalloys’s highest import potential is India with an import gap of $7.48M.

See methodology.

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