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2022
Exports $105MWorld Rnk 30 / 213
Flag Rnk 137 / 1213
2022
Destination $9.99M Ireland
2021 - 2022
FASTEST GROWING MARKET $9.99MUnited States
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.7Rnk 24 / 1025
2022
Imports $218MWorld Rnk 29 / 225
Flag Rnk 106 / 1213
2022
Origin $30.1M China
2021 - 2022
FASTEST GROWING ORIGIN $30.1MChina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $105M in Interchangeable Tool Parts, making it the 30th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 137th most exported product in South Africa. The main destination of Interchangeable Tool Parts exports from South Africa are: Ireland ($21.5M), Zimbabwe ($13.3M), United States ($11.8M), Namibia ($6.83M), and Germany ($5.45M).

The fastest growing export markets for Interchangeable Tool Parts of South Africa between 2021 and 2022 were United States ($9.99M), India ($2.18M), and Democratic Republic of the Congo ($1.77M).

Imports In 2022, South Africa imported $218M in Interchangeable Tool Parts, becoming the 29th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 106th most imported product in South Africa. South Africa imports Interchangeable Tool Parts primarily from: China ($106M), Sweden ($29.8M), United States ($17.5M), Germany ($13.8M), and India ($9.5M).

The fastest growing import markets in Interchangeable Tool Parts for South Africa between 2021 and 2022 were China ($30.1M), Germany ($1.43M), and Canada ($1.02M).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Interchangeable Tool Parts exports accounted up to ZAR96M and imports accounted up to ZAR221M, resulting in a negative trade balance of ZAR125M. Between June 2023 and June 2024 the exports of South Africa's   Interchangeable Tool Parts have increased by ZAR10.8M (12.6%) from ZAR85.2M to ZAR96M, while imports decreased by ZAR-103M (-31.9%) from ZAR324M to ZAR221M.

Destinations In June 2024, Interchangeable Tool Parts were exported mostly to Ireland (ZAR32.5M), United States (ZAR17.7M), Germany (ZAR6.16M), Zambia (ZAR4.15M), and Namibia (ZAR3.74M), and were imported mostly from China (ZAR104M), Sweden (ZAR28.5M), United States (ZAR21.3M), India (ZAR12.1M), and Germany (ZAR8.92M).

Growth In June 2024, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Belgium (ZAR2.43M or 1.14k%), Germany (ZAR865k or 66.9%), and Zambia (ZAR624k or 57.3%). In June 2024, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from China (ZAR-294M or -75.6%), United States (ZAR-36.9M or -61.9%), and Israel (ZAR-4.36M or -63.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR10.8M(12.6%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-103M(-31.9%)
MAIN EXPORTER (June 2024)O.r. Tambo Int AirportZAR67.3M
MAIN DESTINATION (June 2024)IrelandZAR32.5M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$105M
IMPORTS (2022)$218M
NET TRADE (2022)-$113M

In 2022, South Africa exported $105M in Interchangeable Tool Parts. The main destinations of South Africa exports on Interchangeable Tool Parts were Ireland ($21.5M), Zimbabwe ($13.3M), United States ($11.8M), Namibia ($6.83M), and Germany ($5.45M).

In 2022, South Africa imported $218M in Interchangeable Tool Parts, mainly from China ($106M), Sweden ($29.8M), United States ($17.5M), Germany ($13.8M), and India ($9.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
United States$9.99M (548%)
India$2.18M (375%)
Democratic Republic of the Congo$1.77M (49.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY South Africa WERE (2021 - 2022):
Ireland-$4.57M (-17.5%)
Namibia-$2.55M (-27.2%)
Germany-$1.76M (-24.4%)
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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 Interchangeable Tool Parts were:
China $4.96B
Germany $3.88B
United States $2.11B
In 2022, South Africa's main importing competitors in Interchangeable Tool Parts were:
United States $3.32B
Germany $2.4B
Mexico $1.18B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.5M
TOP IMPORT POTENTIALGermany+ $7.42M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $10.5M.   Interchangeable Tool Parts’s highest import potential is Germany with an import gap of $7.42M.

See methodology.

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