Iron Ore in South Africa 2021 Exports | Imports : $7.68B | $953k, World Rnk 4 / 130 Rnk 3 / 1209 | World Rnk 70 / 129 Rnk 1018 / 1212
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $831M | $878k, China | Botswana
2021 ECONOMIC COMPLEXITY of South Africa: 0.098, Rnk 59 / 131
2021 PRODUCT COMPLEXITY IN Iron Ore: -1.83, Rnk 982 / 1024
Exports In 2021, South Africa exported $7.68B in Iron Ore, making it the 4th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 3rd most exported product in South Africa. The main destination of Iron Ore exports from South Africa are: China ($2.12B), Netherlands ($1.06B), Mozambique ($908M), Germany ($628M), and Japan ($627M).
The fastest growing export markets for Iron Ore of South Africa between 2020 and 2021 were China ($831M), Mozambique ($489M), and Netherlands ($488M).
Imports In 2021, South Africa imported $953k in Iron Ore, becoming the 70th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1018th most imported product in South Africa. South Africa imports Iron Ore primarily from: Botswana ($878k), Namibia ($26.1k), Zimbabwe ($16.7k), China ($13.3k), and United States ($4.34k).
The fastest growing import markets in Iron Ore for South Africa between 2020 and 2021 were Botswana ($878k), Zimbabwe ($16.7k), and China ($12.8k).
May 2023
Overview In May 2023 South Africa's Iron Ore exports accounted up to ZAR11.8B and imports accounted up to ZAR266k, resulting in a positive trade balance of ZAR11.8B. Between May 2022 and May 2023 the exports of South Africa's Iron Ore have decreased by ZAR-381M (-3.13%) from ZAR12.2B to ZAR11.8B, while imports increased by ZAR199k (294%) from ZAR67.6k to ZAR266k.
Destinations In May 2023, Iron Ore were exported mostly to China (ZAR6.81B), Netherlands (ZAR1.54B), Mozambique (ZAR643M), Germany (ZAR573M), and Romania (ZAR452M), and were imported mostly from Namibia (ZAR226k), Unclassified (ZAR22.4k), Turkey (ZAR6.49k), Mongolia (ZAR6.2k), and United States (ZAR3.4k).
Growth In May 2023, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to China (ZAR-913M or -14.1%), Germany (ZAR-871M or -77.2%), and Italy (ZAR-460M or -100%). In May 2023, the increase in Iron Ore's year-by-year imports was explained primarily by an increase in imports from Namibia (ZAR49.7k or 9.95k%).
EXPORT GROWTH (May 2022 - May 2023): ZAR-381M, (-3.13%)
IMPORT GROWTH (May 2022 - May 2023): ZAR199k, (294%)
MAIN EXPORTER (May 2023): Saldanha Bay, ZAR10.8B
MAIN DESTINATION (May 2023): China, ZAR6.81B
This section shows Iron Ore'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 Ore over time.
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EXPORTS (2021): $7.68B
IMPORTS (2021): $953k
NET TRADE (2021): $7.67B
In 2021, South Africa exported $7.68B in Iron Ore. The main destinations of South Africa exports on Iron Ore were China ($2.12B), Netherlands ($1.06B), Mozambique ($908M), Germany ($628M), and Japan ($627M).
In 2021, South Africa imported $953k in Iron Ore, mainly from Botswana ($878k), Namibia ($26.1k), Zimbabwe ($16.7k), China ($13.3k), and United States ($4.34k).
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR South Africa WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY South Africa WERE (2020 - 2021):
In 2021, South Africa's main exporting competitors in Iron Ore were:
In 2021, South Africa's main importing competitors in Iron Ore were:
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