Large Flat-Rolled Stainless Steel in South Africa 2021 Exports | Imports : $629M | $82.9M, World Rnk 16 / 133 Rnk 28 / 1209 | World Rnk 51 / 209 Rnk 219 / 1212
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $47.3M | $18.9M, Netherlands | China
2021 ECONOMIC COMPLEXITY of South Africa: 0.098, Rnk 59 / 131
2021 PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel: 1.02, Rnk 156 / 1024
Exports In 2021, South Africa exported $629M in Large Flat-Rolled Stainless Steel, making it the 16th largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 28th most exported product in South Africa. The main destination of Large Flat-Rolled Stainless Steel exports from South Africa are: Netherlands ($108M), Italy ($78.4M), Poland ($48.5M), Argentina ($42.8M), and United States ($30.9M).
The fastest growing export markets for Large Flat-Rolled Stainless Steel of South Africa between 2020 and 2021 were Netherlands ($47.3M), Argentina ($28.1M), and Belgium ($25.1M).
Imports In 2021, South Africa imported $82.9M in Large Flat-Rolled Stainless Steel, becoming the 51st largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 219th most imported product in South Africa. South Africa imports Large Flat-Rolled Stainless Steel primarily from: China ($26.5M), Finland ($24.2M), Chinese Taipei ($16M), Sweden ($9.16M), and Germany ($1.95M).
The fastest growing import markets in Large Flat-Rolled Stainless Steel for South Africa between 2020 and 2021 were China ($18.9M), Finland ($15M), and Chinese Taipei ($4.44M).
May 2023
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%).
EXPORT GROWTH (May 2022 - May 2023): ZAR-815M, (-58.3%)
IMPORT GROWTH (May 2022 - May 2023): ZAR-63.6M, (-38.7%)
MAIN EXPORTER (May 2023): Durban, ZAR603M
MAIN DESTINATION (May 2023): Mexico, ZAR111M
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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EXPORTS (2021): $629M
IMPORTS (2021): $82.9M
NET TRADE (2021): $546M
In 2021, South Africa exported $629M in Large Flat-Rolled Stainless Steel. The main destinations of South Africa exports on Large Flat-Rolled Stainless Steel were Netherlands ($108M), Italy ($78.4M), Poland ($48.5M), Argentina ($42.8M), and United States ($30.9M).
In 2021, South Africa imported $82.9M in Large Flat-Rolled Stainless Steel, mainly from China ($26.5M), Finland ($24.2M), Chinese Taipei ($16M), Sweden ($9.16M), and Germany ($1.95M).
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR South Africa WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY South Africa WERE (2020 - 2021):
In 2021, South Africa's main exporting competitors in Large Flat-Rolled Stainless Steel were:
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