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2022
Exports $4.8BWorld Rnk 4 / 128
Flag Rnk 6 / 1213
2022
Destination $34.8M China
2021 - 2022
FASTEST GROWING MARKET $34.8MSerbia
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $107kWorld Rnk 78 / 130
Flag Rnk 1150 / 1213
2022
Origin $24.4k Namibia
2021 - 2022
FASTEST GROWING ORIGIN $24.4kNamibia
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $4.8B in Iron Ore, making it the 4th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 6th most exported product in South Africa. The main destination of Iron Ore exports from South Africa are: China ($1.36B), Netherlands ($993M), South Korea ($531M), Mozambique ($491M), and Germany ($416M).

The fastest growing export markets for Iron Ore of South Africa between 2021 and 2022 were Serbia ($34.8M), Romania ($32.6M), and Kenya ($31.8M).

Imports In 2022, South Africa imported $107k in Iron Ore, becoming the 78th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1150th most imported product in South Africa. South Africa imports Iron Ore primarily from: Namibia ($50.2k), Botswana ($10.8k), Australia ($10.4k), United States ($8k), and Netherlands ($6.66k).

The fastest growing import markets in Iron Ore for South Africa between 2021 and 2022 were Namibia ($24.4k), Australia ($10k), and Netherlands ($6.6k).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Iron Ore exports accounted up to ZAR8.66B and imports accounted up to ZAR111k, resulting in a positive trade balance of ZAR8.66B. Between August 2023 and August 2024 the exports of South Africa's   Iron Ore have decreased by ZAR-1.84B (-17.5%) from ZAR10.5B to ZAR8.66B, while imports decreased by ZAR-229k (-67.3%) from ZAR340k to ZAR111k.

Destinations In August 2024, Iron Ore were exported mostly to China (ZAR4.59B), Netherlands (ZAR1.42B), Mozambique (ZAR1.04B), Japan (ZAR466M), and Germany (ZAR460M), and were imported mostly from Namibia (ZAR82k), Peru (ZAR16k), Bahrain (ZAR8.73k), Sierra Leone (ZAR1.86k), and Brazil (ZAR1.24k).

Growth In August 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to China (ZAR-692M or -12.5%), Turkey (ZAR-626M or -100%), and Slovenia (ZAR-201M or -68.2%). In August 2024, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Australia (ZAR-137k or -99.1%), Namibia (ZAR-4.93k or -9.81%), and Morocco (ZAR-138 or -43.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR-1.84B(-17.5%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-229k(-67.3%)
MAIN EXPORTER (August 2024)Saldanha BayZAR9.79B
MAIN DESTINATION (August 2024)ChinaZAR4.59B

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.8B
IMPORTS (2022)$107k
NET TRADE (2022)$4.8B

In 2022, South Africa exported $4.8B in Iron Ore. The main destinations of South Africa exports on Iron Ore were China ($1.36B), Netherlands ($993M), South Korea ($531M), Mozambique ($491M), and Germany ($416M).

In 2022, South Africa imported $107k in Iron Ore, mainly from Namibia ($50.2k), Botswana ($10.8k), Australia ($10.4k), United States ($8k), and Netherlands ($6.66k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Serbia$34.8M (73.5%)
Romania$32.6M (68.5%)
Kenya$31.8M (344k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY South Africa WERE (2021 - 2022):
China-$764M (-36%)
Mozambique-$404M (-45.1%)
Vietnam-$266M (-100%)
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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 Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, South Africa's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $587M
TOP IMPORT POTENTIALAustralia+ $59k

Iron Ore’s highest export potential is China. With an export gap of $587M.   Iron Ore’s highest import potential is Australia with an import gap of $59k.

See methodology.

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