2022
Exports
$849kWorld Rnk 45 / 114
Flag Rnk 934 / 1213
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$1.1MWorld Rnk 51 / 172
Flag Rnk 1007 / 1213
2022
ECONOMIC COMPLEXITY of South Africa
0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $849k in Iron Ingots, making it the 45th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 934th most exported product in South Africa. The main destination of Iron Ingots exports from South Africa are: Zambia ($206k), Germany ($120k), United States ($117k), Tanzania ($62.4k), and Mozambique ($55.5k).

The fastest growing export markets for Iron Ingots of South Africa between 2021 and 2022 were United States ($117k), Madagascar ($42.3k), and Zambia ($39.9k).

Imports In 2022, South Africa imported $1.1M in Iron Ingots, becoming the 51st largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1007th most imported product in South Africa. South Africa imports Iron Ingots primarily from: United States ($638k), Germany ($372k), United Arab Emirates ($27.7k), Botswana ($22.3k), and United Kingdom ($14.3k).

The fastest growing import markets in Iron Ingots for South Africa between 2021 and 2022 were United States ($512k), Germany ($361k), and United Arab Emirates ($27.7k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR2.08M(124%)
IMPORT GROWTH (June 2023 - June 2024)ZAR659k(2.67k%)
MAIN EXPORTER (June 2024)DurbanZAR2.82M
MAIN DESTINATION (June 2024)United KingdomZAR1.38M

This section shows Iron Ingots'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 Iron Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$849k
IMPORTS (2022)$1.1M
NET TRADE (2022)-$249k

In 2022, South Africa exported $849k in Iron Ingots. The main destinations of South Africa exports on Iron Ingots were Zambia ($206k), Germany ($120k), United States ($117k), Tanzania ($62.4k), and Mozambique ($55.5k).

In 2022, South Africa imported $1.1M in Iron Ingots, mainly from United States ($638k), Germany ($372k), United Arab Emirates ($27.7k), Botswana ($22.3k), and United Kingdom ($14.3k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
United States$117k (1%)
Madagascar$42.3k (932%)
Zambia$39.9k (24%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY South Africa WERE (2021 - 2022):
Botswana-$144k (-87.1%)
United Kingdom-$92.1k (-96%)
Mozambique-$84.2k (-60.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, South Africa's main importing competitors in Iron Ingots were:

Explore Visualizations

Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $64.5k
TOP IMPORT POTENTIALChina+ $24.5k

Iron Ingots’s highest export potential is Germany. With an export gap of $64.5k.   Iron Ingots’s highest import potential is China with an import gap of $24.5k.

See methodology.

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