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2023
Exports $86MWorld Rnk 10 / 64
Flag Rnk 151 / 1214
2023
Destination $28.9M Canada
2022 - 2023
FASTEST GROWING MARKET $28.9MFinland
2023
PRODUCT COMPLEXITY IN Nickel Ore-1.64Rnk 964 / 1025
2023
Imports $7.42MWorld Rnk 14 / 78
Flag Rnk 685 / 1211
2023
Origin $5.03M Zimbabwe
2022 - 2023
FASTEST GROWING ORIGIN $5.03MZimbabwe
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $86M in Nickel Ore, making it the 10th largest exporter of Nickel Ore in the world. At the same year, Nickel Ore was the 151st most exported product in South Africa. The main destination of Nickel Ore exports from South Africa are: Canada ($51.6M), Finland ($34.3M), Belgium ($58.3k), China ($41.7k), and South Korea ($29k).

The fastest growing export markets for Nickel Ore of South Africa between 2022 and 2023 were Finland ($28.9M), Canada ($15M), and China ($39.2k).

Imports In 2023, South Africa imported $7.42M in Nickel Ore, becoming the 14th largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 685th most imported product in South Africa. South Africa imports Nickel Ore primarily from: Zimbabwe ($5.03M), Netherlands ($1.2M), Belgium ($692k), Botswana ($475k), and Zambia ($3.53k).

The fastest growing import markets in Nickel Ore for South Africa between 2022 and 2023 were Zimbabwe ($5.03M), Belgium ($316k), and Botswana ($22k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Nickel Ore exports accounted up to ZAR752k and imports accounted up to ZAR1.57k, resulting in a positive trade balance of ZAR750k. Between February 2023 and November 2024 the exports of South Africa's   Nickel Ore have increased by ZAR328k (77.2%) from ZAR424k to ZAR752k, while imports decreased by ZAR-3.4M (-100%) from ZAR3.4M to ZAR1.57k.

Destinations In November 2024, Nickel Ore were exported mostly to Netherlands (ZAR676k), Democratic Republic of the Congo (ZAR40k), and China (ZAR35.9k), and were imported mostly from Zambia (ZAR1.55k) and Zimbabwe (ZAR18).

Growth In November 2024, the increase in Nickel Ore's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Nickel Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - November 2024)ZAR328k(77.2%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-3.4M(-100%)
MAIN EXPORTER (November 2024)DurbanZAR7.06M
MAIN DESTINATION (November 2024)NetherlandsZAR676k

This section shows Nickel 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 Nickel Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$86M
IMPORTS (2023)$7.42M
NET TRADE (2023)$78.6M

In 2023, South Africa exported $86M in Nickel Ore. The main destinations of South Africa exports on Nickel Ore were Canada ($51.6M), Finland ($34.3M), Belgium ($58.3k), China ($41.7k), and South Korea ($29k).

In 2023, South Africa imported $7.42M in Nickel Ore, mainly from Zimbabwe ($5.03M), Netherlands ($1.2M), Belgium ($692k), Botswana ($475k), and Zambia ($3.53k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nickel Ore EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Finland$28.9M (530%)
Canada$15M (40.8%)
China$39.2k (1.57k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Ore BY South Africa WERE (2022 - 2023):
Zambia-$4.73k (-100%)
Belgium-$4.48k (-7.13%)
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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 Nickel Ore were:
Philippines $2.01B
New Caledonia $408M
Australia $398M
In 2023, South Africa's main importing competitors in Nickel Ore were:
China $3.3B
Canada $889M
Finland $232M

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Trade Value of Nickel Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFinland+ $198k
TOP IMPORT POTENTIALBrazil+ $11.7k

Nickel Ore’s highest export potential is Finland. With an export gap of $198k.   Nickel Ore’s highest import potential is Brazil with an import gap of $11.7k.

See methodology.

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