Silver in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $68.6M in Silver, making it the 34th largest exporter of Silver in the world. At the same year, Silver was the 188th most exported product in South Africa. The main destination of Silver exports from South Africa are: India ($43.9M), Hong Kong ($8.93M), China ($5.54M), United States ($4.31M), and United Arab Emirates ($2.78M).

The fastest growing export markets for Silver of South Africa between 2021 and 2022 were India ($35.9M), United Arab Emirates ($2.58M), and China ($2.39M).

Imports In 2022, South Africa imported $5.13M in Silver, becoming the 61st largest importer of Silver in the world. At the same year, Silver was the 774th most imported product in South Africa. South Africa imports Silver primarily from: United States ($1.81M), Germany ($944k), United Kingdom ($684k), France ($455k), and Italy ($450k).

The fastest growing import markets in Silver for South Africa between 2021 and 2022 were United States ($1.54M), France ($388k), and Bulgaria ($110k).

Latest Trends

February 2024

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Overview In February 2024 South Africa's Silver exports accounted up to ZAR10.6M and imports accounted up to ZAR6.96M, resulting in a positive trade balance of ZAR3.62M. Between February 2023 and February 2024 the exports of South Africa's Silver have decreased by ZAR-7.73M (-42.2%) from ZAR18.3M to ZAR10.6M, while imports increased by ZAR4.55M (189%) from ZAR2.41M to ZAR6.96M.

Destinations In February 2024, Silver were exported mostly to United States (ZAR10.5M), Zimbabwe (ZAR48.4k), Italy (ZAR25.6k), and United Kingdom (ZAR18.9k), and were imported mostly from France (ZAR5.05M), United Kingdom (ZAR546k), South Korea (ZAR425k), Portugal (ZAR335k), and Italy (ZAR238k).

Growth In February 2024, the decrease in Silver's year-by-year exports was explained primarily by a decrease in exports to . In February 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from United Kingdom (ZAR321k or 198%), Italy (ZAR161k or 2.27k%), and Germany (ZAR36.8k or 1.93%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)ZAR-7.73M(-42.2%)

IMPORT GROWTH (February 2023 - February 2024)ZAR4.55M(189%)

MAIN EXPORTER (February 2024)O.r. Tambo Int AirportZAR10.5M

MAIN DESTINATION (February 2024)United StatesZAR10.5M

This section shows Silver'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 Silver over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$68.6M

IMPORTS (2022)$5.13M

NET TRADE (2022)$63.5M

In 2022, South Africa exported $68.6M in Silver. The main destinations of South Africa exports on Silver were India ($43.9M), Hong Kong ($8.93M), China ($5.54M), United States ($4.31M), and United Arab Emirates ($2.78M).

In 2022, South Africa imported $5.13M in Silver, mainly from United States ($1.81M), Germany ($944k), United Kingdom ($684k), France ($455k), and Italy ($450k).

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