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2022
Exports $660MWorld Rnk 17 / 128
Flag Rnk 24 / 1213
2022
Destination $36.4M Netherlands
2021 - 2022
FASTEST GROWING MARKET $36.4MSpain
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel1.05Rnk 151 / 1025
2022
Imports $97MWorld Rnk 50 / 208
Flag Rnk 200 / 1213
2022
Origin $8.02M China
2021 - 2022
FASTEST GROWING ORIGIN $8.02MChina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $660M in Large Flat-Rolled Stainless Steel, making it the 17th largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 24th most exported product in South Africa. The main destination of Large Flat-Rolled Stainless Steel exports from South Africa are: Netherlands ($92.7M), Italy ($73.4M), United States ($57.1M), Spain ($44.6M), and Mexico ($39.6M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of South Africa between 2021 and 2022 were Spain ($36.4M), United States ($26.4M), and Czechia ($25.6M).

Imports In 2022, South Africa imported $97M in Large Flat-Rolled Stainless Steel, becoming the 50th largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 200th most imported product in South Africa. South Africa imports Large Flat-Rolled Stainless Steel primarily from: China ($35.6M), Finland ($26.9M), Chinese Taipei ($17M), Sweden ($10.5M), and Germany ($2.12M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for South Africa between 2021 and 2022 were China ($8.02M), Finland ($2.71M), and Sweden ($1.4M).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Large Flat-Rolled Stainless Steel exports accounted up to ZAR30.9M and imports accounted up to ZAR82.1M, resulting in a negative trade balance of ZAR51.2M. Between August 2023 and August 2024 the exports of South Africa's   Large Flat-Rolled Stainless Steel have decreased by ZAR-513M (-94.3%) from ZAR543M to ZAR30.9M, while imports decreased by ZAR-36.7M (-30.9%) from ZAR119M to ZAR82.1M.

Destinations In August 2024, Large Flat-Rolled Stainless Steel were exported mostly to United States (ZAR3.98M), Turkey (ZAR3.92M), Democratic Republic of the Congo (ZAR3.91M), Zimbabwe (ZAR3.91M), and Spain (ZAR3.18M), and were imported mostly from China (ZAR43.9M), Chinese Taipei (ZAR14.6M), Sweden (ZAR9.14M), Finland (ZAR5.23M), and Italy (ZAR3.58M).

Growth In August 2024, the decrease in Large Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to Netherlands (ZAR-243M or -87.7%), Italy (ZAR-167M or -96.8%), and United States (ZAR-134M or -87.7%). In August 2024, the decrease in Large Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from China (ZAR-17M or -41.1%), Sweden (ZAR-11.6M or -53.8%), and India (ZAR-137k or -59%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR-513M(-94.3%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-36.7M(-30.9%)
MAIN EXPORTER (August 2024)DurbanZAR397M
MAIN DESTINATION (August 2024)United StatesZAR3.98M

This section shows Large Flat-Rolled Stainless Steel'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 Large Flat-Rolled Stainless Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$660M
IMPORTS (2022)$97M
NET TRADE (2022)$563M

In 2022, South Africa exported $660M in Large Flat-Rolled Stainless Steel. The main destinations of South Africa exports on Large Flat-Rolled Stainless Steel were Netherlands ($92.7M), Italy ($73.4M), United States ($57.1M), Spain ($44.6M), and Mexico ($39.6M).

In 2022, South Africa imported $97M in Large Flat-Rolled Stainless Steel, mainly from China ($35.6M), Finland ($26.9M), Chinese Taipei ($17M), Sweden ($10.5M), and Germany ($2.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Spain$36.4M (443%)
United States$26.4M (86.1%)
Czechia$25.6M (1.54k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY South Africa WERE (2021 - 2022):
Argentina-$19M (-45%)
Poland-$16M (-33.1%)
Netherlands-$14.6M (-13.6%)
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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 Large Flat-Rolled Stainless Steel were:
China $8.91B
Indonesia $7.43B
Belgium $3.9B
In 2022, South Africa's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $4.95B
Italy $4.45B
China $3.42B

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Trade Value of Large Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.8M
TOP IMPORT POTENTIALChina+ $9.1M

Large Flat-Rolled Stainless Steel’s highest export potential is United States. With an export gap of $23.8M.   Large Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $9.1M.

See methodology.

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