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2022
Exports $92.3kWorld Rnk 38 / 78
Flag Rnk 1127 / 1213
2022
Destination $19.5k Namibia
2021 - 2022
FASTEST GROWING MARKET $19.5kZimbabwe
2022
PRODUCT COMPLEXITY IN Hot-Rolled Stainless Steel Bars1.68Rnk 28 / 1025
2022
Imports $5.12MWorld Rnk 32 / 148
Flag Rnk 776 / 1213
2022
Origin $880k Italy
2021 - 2022
FASTEST GROWING ORIGIN $880kIndia
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $92.3k in Hot-Rolled Stainless Steel Bars, making it the 38th largest exporter of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 1127th most exported product in South Africa. The main destination of Hot-Rolled Stainless Steel Bars exports from South Africa are: Namibia ($32.1k), Zimbabwe ($19.7k), Botswana ($11.1k), Lesotho ($9.74k), and Mozambique ($8.82k).

The fastest growing export markets for Hot-Rolled Stainless Steel Bars of South Africa between 2021 and 2022 were Zimbabwe ($19.5k), Democratic Republic of the Congo ($5.33k), and Lesotho ($3.62k).

Imports In 2022, South Africa imported $5.12M in Hot-Rolled Stainless Steel Bars, becoming the 32nd largest importer of Hot-Rolled Stainless Steel Bars in the world. At the same year, Hot-Rolled Stainless Steel Bars was the 776th most imported product in South Africa. South Africa imports Hot-Rolled Stainless Steel Bars primarily from: Italy ($3.58M), India ($952k), Sweden ($196k), Switzerland ($175k), and China ($94k).

The fastest growing import markets in Hot-Rolled Stainless Steel Bars for South Africa between 2021 and 2022 were India ($880k), Italy ($373k), and Sweden ($88k).

Latest Trends

October 2024

About

Overview In October 2024 South Africa's Hot-Rolled Stainless Steel Bars exports accounted up to ZAR752k and imports accounted up to ZAR5.68M, resulting in a negative trade balance of ZAR4.93M. Between October 2023 and October 2024 the exports of South Africa's   Hot-Rolled Stainless Steel Bars have increased by ZAR306k (68.5%) from ZAR447k to ZAR752k, while imports increased by ZAR3.56M (168%) from ZAR2.12M to ZAR5.68M.

Destinations In October 2024, Hot-Rolled Stainless Steel Bars were exported mostly to Namibia (ZAR517k), Ghana (ZAR99.4k), Nigeria (ZAR96.7k), Eswatini (ZAR18.8k), and Zambia (ZAR12.4k), and were imported mostly from China (ZAR5.67M), Germany (ZAR8.55k), and Hong Kong (ZAR462).

Growth In October 2024, the increase in Hot-Rolled Stainless Steel Bars's year-by-year exports was explained primarily by an increase in exports to Eswatini (ZAR26.4k or 15.1k%). In October 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 (October 2023 - October 2024)ZAR306k(68.5%)
IMPORT GROWTH (September 2023 - October 2024)ZAR3.56M(168%)
MAIN EXPORTER (October 2024)CaledonspoortZAR861k
MAIN DESTINATION (October 2024)NamibiaZAR517k

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 (2022)$92.3k
IMPORTS (2022)$5.12M
NET TRADE (2022)-$5.03M

In 2022, South Africa exported $92.3k in Hot-Rolled Stainless Steel Bars. The main destinations of South Africa exports on Hot-Rolled Stainless Steel Bars were Namibia ($32.1k), Zimbabwe ($19.7k), Botswana ($11.1k), Lesotho ($9.74k), and Mozambique ($8.82k).

In 2022, South Africa imported $5.12M in Hot-Rolled Stainless Steel Bars, mainly from Italy ($3.58M), India ($952k), Sweden ($196k), Switzerland ($175k), and China ($94k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Stainless Steel Bars EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Zimbabwe$19.5k (9.89k%)
Democratic Republic of the Congo$5.33k (3.57k%)
Lesotho$3.62k (59.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Stainless Steel Bars BY South Africa WERE (2021 - 2022):
Botswana-$143k (-92.8%)
Eswatini-$20.4k (-89.9%)
Namibia-$17k (-34.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Hot-Rolled Stainless Steel Bars were:
Chinese Taipei $449M
Italy $413M
Japan $392M
In 2022, South Africa's main importing competitors in Hot-Rolled Stainless Steel Bars were:
Italy $427M
Germany $353M
China $311M

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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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