Overview In May 2023 South Africa's Large Flat-Rolled Stainless Steel exports accounted up to ZAR582M and imports accounted up to ZAR101M, resulting in a positive trade balance of ZAR481M. Between May 2022 and May 2023 the exports of South Africa's Large Flat-Rolled Stainless Steel have decreased by ZAR-815M (-58.3%) from ZAR1.4B to ZAR582M, while imports decreased by ZAR-63.6M (-38.7%) from ZAR164M to ZAR101M.
Destinations In May 2023, Large Flat-Rolled Stainless Steel were exported mostly to Mexico (ZAR111M), Netherlands (ZAR73.7M), United Kingdom (ZAR47.9M), Spain (ZAR40.8M), and United States (ZAR39.6M), and were imported mostly from Finland (ZAR35.9M), China (ZAR25.1M), Taiwan (ZAR20.5M), Sweden (ZAR9.45M), and Belgium (ZAR3.13M).
Growth In May 2023, the decrease in Large Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to Brazil (ZAR-37M or -90%), Sweden (ZAR-26.1M or -94.8%), and China (ZAR-7.68M or -54.5%). In May 2023, the decrease in Large Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from Taiwan (ZAR-20.2M or -79.5%), Belgium (ZAR-5.21M or -84.6%), and Finland (ZAR-3.2M or -18.7%).