Gold in South Africa | The Observatory of Economic Complexity

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Exports In 2023, South Africa exported $25.9B in Gold, making it the 7th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in South Africa. The main destination of Gold exports from South Africa are: China ($10.1B), India ($4.82B), Switzerland ($3.75B), United Kingdom ($2.03B), and Hong Kong ($1.3B).

The fastest growing export markets for Gold of South Africa between 2022 and 2023 were United Kingdom ($1.65B), India ($1.49B), and China ($1.23B).

Imports In 2023, South Africa imported $4.54B in Gold, becoming the 16th largest importer of Gold in the world. At the same year, Gold was the 3rd most imported product in South Africa. South Africa imports Gold primarily from: Ghana ($1.66B), Namibia ($1.26B), Tanzania ($1.08B), Cote d'Ivoire ($407M), and Zambia ($42.8M).

The fastest growing import markets in Gold for South Africa between 2022 and 2023 were Namibia ($396M), Tanzania ($193M), and Cote d'Ivoire ($46.6M).

Latest Trends

November 2024

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Overview In November 2024 South Africa's Gold exports accounted up to ZAR14.5B and imports accounted up to ZAR1.54B, resulting in a positive trade balance of ZAR13B. Between November 2023 and November 2024 the exports of South Africa's Gold have increased by ZAR1.98B (15.8%) from ZAR12.6B to ZAR14.5B, while imports decreased by ZAR-20.2M (-1.3%) from ZAR1.56B to ZAR1.54B.

Destinations In November 2024, Gold were exported mostly to Special Categories (ZAR14.5B), and were imported mostly from Namibia (ZAR1.53B), Eswatini (ZAR3.85M), South Korea (ZAR983k), Vietnam (ZAR572k), and Zimbabwe (ZAR442k).

Growth In November 2024, the increase in Gold's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Gold's year-by-year imports was explained primarily by a decrease in imports from Botswana (ZAR-4.77M or -17.7%) and Hong Kong (ZAR-271k or -94.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)ZAR1.98B(15.8%)

IMPORT GROWTH (November 2023 - November 2024)ZAR-20.2M(-1.3%)

MAIN EXPORTER (November 2024)Sa ReserwebankZAR19.5B

MAIN DESTINATION (November 2024)Special CategoriesZAR14.5B

This section shows Gold'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 Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$25.9B

IMPORTS (2023)$4.54B

NET TRADE (2023)$21.4B

In 2023, South Africa exported $25.9B in Gold. The main destinations of South Africa exports on Gold were China ($10.1B), India ($4.82B), Switzerland ($3.75B), United Kingdom ($2.03B), and Hong Kong ($1.3B).

In 2023, South Africa imported $4.54B in Gold, mainly from Ghana ($1.66B), Namibia ($1.26B), Tanzania ($1.08B), Cote d'Ivoire ($407M), and Zambia ($42.8M).

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