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2023
Exports $336MWorld Rnk 18 / 130
Flag Rnk 42 / 1214
2023
Destination $9.36M Mexico
2022 - 2023
FASTEST GROWING MARKET $9.36MMexico
2023
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel1.06Rnk 156 / 1025
2023
Imports $60.3MWorld Rnk 49 / 208
Flag Rnk 256 / 1211
2023
Origin $769k China
2022 - 2023
FASTEST GROWING ORIGIN $769kCanada
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $336M in Large Flat-Rolled Stainless Steel, making it the 18th largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 42nd most exported product in South Africa. The main destination of Large Flat-Rolled Stainless Steel exports from South Africa are: Mexico ($47.2M), Netherlands ($34.3M), Germany ($29.5M), United States ($25.3M), and Spain ($23M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of South Africa between 2022 and 2023 were Mexico ($9.36M), Indonesia ($2.84M), and South Korea ($2.77M).

Imports In 2023, South Africa imported $60.3M in Large Flat-Rolled Stainless Steel, becoming the 49th largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 256th most imported product in South Africa. South Africa imports Large Flat-Rolled Stainless Steel primarily from: China ($18.6M), Finland ($14.3M), Chinese Taipei ($12.6M), Sweden ($7.78M), and Belgium ($1.88M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for South Africa between 2022 and 2023 were Canada ($769k), Belgium ($768k), and France ($306k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Large Flat-Rolled Stainless Steel exports accounted up to ZAR36.5M and imports accounted up to ZAR75.8M, resulting in a negative trade balance of ZAR39.3M. Between November 2023 and November 2024 the exports of South Africa's   Large Flat-Rolled Stainless Steel have decreased by ZAR-389M (-91.4%) from ZAR426M to ZAR36.5M, while imports decreased by ZAR-5.42M (-6.67%) from ZAR81.2M to ZAR75.8M.

Destinations In November 2024, Large Flat-Rolled Stainless Steel were exported mostly to Spain (ZAR4.64M), Turkey (ZAR3.79M), Democratic Republic of the Congo (ZAR3.47M), Egypt (ZAR3.41M), and Malawi (ZAR2.7M), and were imported mostly from China (ZAR36.1M), Chinese Taipei (ZAR22.7M), Finland (ZAR5.58M), Belgium (ZAR4.12M), and Italy (ZAR2.9M).

Growth In November 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 November 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 (November 2023 - November 2024)ZAR-389M(-91.4%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-5.42M(-6.67%)
MAIN EXPORTER (November 2024)DurbanZAR397M
MAIN DESTINATION (November 2024)SpainZAR4.64M

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 (2023)$336M
IMPORTS (2023)$60.3M
NET TRADE (2023)$276M

In 2023, South Africa exported $336M in Large Flat-Rolled Stainless Steel. The main destinations of South Africa exports on Large Flat-Rolled Stainless Steel were Mexico ($47.2M), Netherlands ($34.3M), Germany ($29.5M), United States ($25.3M), and Spain ($23M).

In 2023, South Africa imported $60.3M in Large Flat-Rolled Stainless Steel, mainly from China ($18.6M), Finland ($14.3M), Chinese Taipei ($12.6M), Sweden ($7.78M), and Belgium ($1.88M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Mexico$9.36M (24.7%)
Indonesia$2.84M (707%)
South Korea$2.77M (64.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY South Africa WERE (2022 - 2023):
Italy-$72.5M (-79.9%)
United States-$42.4M (-62.6%)
Poland-$36.7M (-88.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Large Flat-Rolled Stainless Steel were:
Indonesia $5.85B
China $5.32B
Finland $3.29B
In 2023, South Africa's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $3.72B
Italy $3.07B
China $2.59B

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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.

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