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2023
Exports $729kWorld Rnk 25 / 78
Flag Rnk 964 / 1214
2023
Destination $207k Namibia
2022 - 2023
FASTEST GROWING MARKET $207kNamibia
2023
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars1.66Rnk 26 / 1025
2023
Imports $486kWorld Rnk 48 / 152
Flag Rnk 1054 / 1211
2023
Origin $6.2k India
2022 - 2023
FASTEST GROWING ORIGIN $6.2kNamibia
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $729k in Hot-Rolled Stainless Steel Bars, making it the 25th largest exporter of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 964th most exported product in South Africa. The main destination of Hot-Rolled Stainless Steel Bars exports from South Africa are: Namibia ($339k), Botswana ($155k), Eswatini ($89.5k), Lesotho ($44.2k), and Malawi ($38.9k).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of South Africa between 2022 and 2023 were Namibia ($207k), Eswatini ($86.9k), and Botswana ($45.5k).

Imports In 2023, South Africa imported $486k in Hot-Rolled Stainless Steel Bars, becoming the 48th largest importer of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 1054th most imported product in South Africa. South Africa imports Hot-Rolled Stainless Steel Bars primarily from: India ($259k), Italy ($136k), China ($46.2k), Germany ($15.9k), and Switzerland ($15.1k).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for South Africa between 2022 and 2023 were Namibia ($6.2k), United Kingdom ($2.67k), and Zimbabwe ($1.52k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Hot-Rolled Stainless Steel Bars exports accounted up to ZAR203k and imports accounted up to ZAR1.27M, resulting in a negative trade balance of ZAR1.07M. Between November 2023 and November 2024 the exports of South Africa's   Hot-Rolled Stainless Steel Bars have decreased by ZAR-36.3k (-15.1%) from ZAR240k to ZAR203k, while imports increased by ZAR245k (23.9%) from ZAR1.03M to ZAR1.27M.

Destinations In November 2024, Hot-Rolled Stainless Steel Bars were exported mostly to Namibia (ZAR131k), Eswatini (ZAR60.4k), Ghana (ZAR8.37k), Kenya (ZAR2.58k), and Sierra Leone (ZAR876), and were imported mostly from India (ZAR1.27M) and China (ZAR180).

Growth In November 2024, the decrease in Hot-Rolled Stainless Steel Bars's year-by-year exports was explained primarily by a decrease in exports to Botswana (ZAR-57.2k or -96.7%) and Namibia (ZAR-6.79k or -89.3%). In November 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR-36.3k(-15.1%)
IMPORT GROWTH (October 2023 - November 2024)ZAR245k(23.9%)
MAIN EXPORTER (November 2024)CaledonspoortZAR861k
MAIN DESTINATION (November 2024)NamibiaZAR131k

This section shows Hot-Rolled Stainless Steel Bars'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 Hot-Rolled Stainless Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$729k
IMPORTS (2023)$486k
NET TRADE (2023)$243k

In 2023, South Africa exported $729k in Hot-Rolled Stainless Steel Bars. The main destinations of South Africa exports on Hot-Rolled Stainless Steel Bars were Namibia ($339k), Botswana ($155k), Eswatini ($89.5k), Lesotho ($44.2k), and Malawi ($38.9k).

In 2023, South Africa imported $486k in Hot-Rolled Stainless Steel Bars, mainly from India ($259k), Italy ($136k), China ($46.2k), Germany ($15.9k), and Switzerland ($15.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Stainless Steel Bars EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Namibia$207k (156%)
Eswatini$86.9k (3.35k%)
Botswana$45.5k (41.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY South Africa WERE (2022 - 2023):
Zimbabwe-$4.47k (-72.4%)
Sudan-$330 (-100%)
Mauritania-$81 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
Chinese Taipei $356M
Italy $248M
Japan $229M
In 2023, South Africa's main importing competitors in Hot-Rolled Stainless Steel Bars were:
Italy $275M
Germany $250M
China $178M

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Trade Value of Hot-Rolled Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.51k
TOP IMPORT POTENTIALIndia+ $510k

Hot-Rolled Stainless Steel Bars’s highest export potential is United States. With an export gap of $1.51k.   Hot-Rolled Stainless Steel Bars’s highest import potential is India with an import gap of $510k.

See methodology.

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