Overview In May 2023 South Africa's Niobium, Tantalum, Vanadium and Zirconium Ore exports accounted up to ZAR1.24B and imports accounted up to ZAR4.48M, resulting in a positive trade balance of ZAR1.23B. Between May 2022 and May 2023 the exports of South Africa's Niobium, Tantalum, Vanadium and Zirconium Ore have increased by ZAR646M (109%) from ZAR592M to ZAR1.24B, while imports increased by ZAR2.33M (108%) from ZAR2.15M to ZAR4.48M.
Destinations In May 2023, Niobium, Tantalum, Vanadium and Zirconium Ore were exported mostly to China (ZAR764M), United States (ZAR146M), Spain (ZAR121M), Mexico (ZAR59.2M), and Italy (ZAR40.5M), and were imported mostly from Vietnam (ZAR4.46M), Brazil (ZAR11.7k), and Senegal (ZAR94).
Growth In May 2023, the increase in Niobium, Tantalum, Vanadium and Zirconium Ore's year-by-year exports was explained primarily by an increase in exports to Italy (ZAR27.7M or 1.07k%), United Kingdom (ZAR18.8M or 387%), and Turkey (ZAR16.6M or 763%). In May 2023, the increase in Niobium, Tantalum, Vanadium and Zirconium Ore's year-by-year imports was explained primarily by an increase in imports from .