Overview: In January 2021 Richards Bay exported ZAR17.6B and imported ZAR1.86B, resulting in a positive trade balance of ZAR15.7B. Between January 2020 and January 2021 the exports of Richards Bay have increased by $5.69B (47.7%) from ZAR11.9B to ZAR17.6B, while imports increased by ZAR591M (46.5%) from ZAR1.27B to ZAR1.86B.
Trade: In January 2021, the top exports of Richards Bay were Coal Briquettes (ZAR7.55B), Ferroalloys (ZAR2.33B), Raw Aluminium (ZAR1.94B), Titanium Ore (ZAR1.35B), and Chromium Ore (ZAR1.23B). In January 2021 the top imports of Richards Bay were Coal Briquettes (ZAR482M), Aluminium Oxide (ZAR460M), Steam Boilers (ZAR204M), Petroleum Gas (ZAR202M), and Refined Petroleum (ZAR109M).
Destinations: In January 2021, Richards Bay exported mostly to China (ZAR4.78B), India (ZAR2.65B), Pakistan (ZAR1.9B), Japan (ZAR1.03B), and United States (ZAR1.03B), and imported mostly from Australia (ZAR635M), United States (ZAR309M), Austria (ZAR188M), Russia (ZAR156M), and Argentina (ZAR82.2M).
Growth: In January 2021, the increase in Richards Bay's year-by-year exports was explained primarily by an increase in exports to China (ZAR2.94B or 160%), Pakistan (ZAR819M or 75.8%), and Japan (ZAR545M or 112%), and product exports increase in Titanium Ore (ZAR1.12B or 490%), Coal Briquettes (ZAR873M or 13.1%), and Raw Aluminium (ZAR830M or 74.6%). In January 2021, the increase in Richards Bay's year-by-year imports was explained primarily by an increase in imports from Russia (ZAR87.1M or 126%), South Africa (ZAR80M or 39.9k%), and France (ZAR35.6M or 218%), and product imports increase in Coal Briquettes (ZAR189M or 64.8%), Petroleum Gas (ZAR150M or 293%), and Refractory Bricks (ZAR53.3M or 330%).