Richards Bay | The Observatory of Economic Complexity

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Pricing

Richards Bay

Port in South Africa

Aug 2024
Trade
Exports | Imports ZAR 15.9B | ZAR 3.31B3 of 47 | 6 of 37

Aug 2024
Country
Destination | Origin India | Australia ZAR 4.03B | ZAR 1.77B

Image 1

Image by Ken Lund
Link: https://flic.kr/p/74ouG

Latest Trends
Historical Data

About

Overview This page contains the latest international trade data for Richards Bay. In August 2024 Richards Bay was the number 3 in total exports and the number 7 in total imports in South Africa.

Exports In 2023, South Africa's Richards Bay exported ZAR 274B, making it the 3rd largest exporter out of the 50 exporters in South Africa. In 2023 the top exports of Richards Bay were Bituminous coal, not agglomerated (ZAR 109B), Aluminium unwrought, not alloyed (ZAR 26.7B), Chromium ores and concentrates (ZAR 16.5B), Ferro-chromium, >4% carbon (ZAR 14.6B), and Coal except anthracite or bituminous, not... (ZAR 11.9B).

Imports In 2023, South Africa's Richards Bay imported ZAR 38B, making it the 7th largest importer out of the 50 importers in South Africa. In 2023 top imports of Richards Bay were Aluminium oxide, except artificial corundum (ZAR 9.3B), Petroleum spirit for motor vehicles (ZAR 4.7B), Petroleum coke, calcined (ZAR 3.24B), Bituminous coal, not agglomerated (ZAR 2.78B), and Propane, liquefied (ZAR 2.6B).

Latest Trends

August, 2024

About

Overview In August 2024 Richards Bay exported ZAR15.9B and imported ZAR3.31B, resulting in a positive trade balance of ZAR12.6B. Between August 2023 and August 2024 the exports of Richards Bay have decreased by $-1.93B (-10.8%) from ZAR17.9B to ZAR15.9B, while imports increased by ZAR754M (29.5%) from ZAR2.55B to ZAR3.31B.

Trade In August 2024, the top exports of Richards Bay were Coal Briquettes (ZAR9.94B), Raw Aluminium (ZAR1.83B), Ferroalloys (ZAR1.22B), Chromium Ore (ZAR1.08B), and Iron Ore (ZAR322M). In August 2024 the top imports of Richards Bay were Aluminium Oxide (ZAR1.48B), Petroleum Gas (ZAR568M), Coal Briquettes (ZAR331M), Petroleum Coke (ZAR229M), and Refined Petroleum (ZAR145M).

Destinations In August 2024, Richards Bay exported mostly to India (ZAR4.03B), China (ZAR1.78B), Japan (ZAR1.53B), Netherlands (ZAR1B), and Pakistan (ZAR862M), and imported mostly from Australia (ZAR1.77B), United States (ZAR772M), Oman (ZAR175M), Mozambique (ZAR143M), and Saudi Arabia (ZAR109M).

Growth In August 2024, the decrease in Richards Bay's year-by-year exports was explained primarily by an decrease in exports to China (ZAR-942M or -34.6%), Chinese Taipei (ZAR-785M or -67.4%), and South Korea (ZAR-679M or -47.7%), and product exports decrease in Raw Aluminium (ZAR-979M or -34.8%), Ferroalloys (ZAR-513M or -29.6%), and Chromium Ore (ZAR-487M or -31.1%). In August 2024, the increase in Richards Bay's year-by-year imports was explained primarily by an increase in imports from Australia (ZAR1.1B or 164%), United States (ZAR117M or 17.8%), and Oman (ZAR42.7M or 32.2%), and product imports increase in Aluminium Oxide (ZAR804M or 120%), Petroleum Gas (ZAR185M or 48.2%), and Refined Petroleum (ZAR145M or 1.17M%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (August 2023 - August 2024)ZAR-1.93B(-10.8%)

IMPORT GROWTH (August 2023 - August 2024)ZAR754M(29.5%)

This section shows exports and imports data at subnational level for Richards Bay. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Richards Bay over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)IndiaZAR 52.1B

Top Product (2023)Bituminous coal, not agglomeratedZAR 109B

In 2023 the top export destinations of Richards Bay were India (ZAR 52.1B), China (ZAR 30.3B), United States (ZAR 19.1B), Japan (ZAR 17.1B), and Netherlands (ZAR 15.1B).

In 2023 the top exports of Richards Bay were Bituminous coal, not agglomerated (ZAR 109B), Aluminium unwrought, not alloyed (ZAR 26.7B), Chromium ores and concentrates (ZAR 16.5B), Ferro-chromium, >4% carbon (ZAR 14.6B), and Coal except anthracite or bituminous, not... (ZAR 11.9B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Aug 2023 - Aug 2024)

Pakistan ZAR 591M (219%)

Italy ZAR 544M (237%)

United Arab Emirates ZAR 522M (575%)

Rapidly Declining Export Origins (Aug 2023 - Aug 2024)

China -ZAR 942M (-34.6%)

Chinese Taipei -ZAR 785M (-67.4%)

South Korea -ZAR 679M (-47.7%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)AustraliaZAR 13.2B

Top Import (2023)Aluminium oxide, except artificial corundumZAR 9.3B

In 2023 the top import origins of Richards Bay were Australia (ZAR 13.2B), United States (ZAR 7.81B), India (ZAR 1.87B), Russia (ZAR 1.71B), and China (ZAR 1.57B).

In 2023 the top imports of Richards Bay were Aluminium oxide, except artificial corundum (ZAR 9.3B), Petroleum spirit for motor vehicles (ZAR 4.7B), Petroleum coke, calcined (ZAR 3.24B), Bituminous coal, not agglomerated (ZAR 2.78B), and Propane, liquefied (ZAR 2.6B).

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