Overview In May 2023 Richards Bay exported ZAR19.1B and imported ZAR3.55B, resulting in a positive trade balance of ZAR15.5B. Between May 2022 and May 2023 the exports of Richards Bay have decreased by $-5.81B (-23.3%) from ZAR24.9B to ZAR19.1B, while imports increased by ZAR302M (9.29%) from ZAR3.25B to ZAR3.55B.
Trade In May 2023, the top exports of Richards Bay were Coal Briquettes (ZAR9.82B), Raw Aluminium (ZAR3.34B), Ferroalloys (ZAR2.08B), Chromium Ore (ZAR1.22B), and Titanium Ore (ZAR672M). In May 2023 the top imports of Richards Bay were Aluminium Oxide (ZAR771M), Refined Petroleum (ZAR705M), Coal Briquettes (ZAR628M), Petroleum Gas (ZAR502M), and Petroleum Coke (ZAR399M).
Destinations In May 2023, Richards Bay exported mostly to India (ZAR5.32B), China (ZAR2.15B), Japan (ZAR1.98B), United States (ZAR1.95B), and South Korea (ZAR1.44B), and imported mostly from Australia (ZAR771M), United States (ZAR601M), United Arab Emirates (ZAR534M), Colombia (ZAR532M), and Mozambique (ZAR356M).
Growth In May 2023, the decrease in Richards Bay's year-by-year exports was explained primarily by an decrease in exports to China (ZAR-1.04B or -43.4%), Brazil (ZAR-162M or -78.5%), and Italy (ZAR-157M or -78%), and product exports decrease in Iron Ore (ZAR-360M or -77.7%), Niobium, Tantalum, Vanadium and Zirconium Ore (ZAR-208M or -88.6%), and Titanium Ore (ZAR-67.9M or -10%). In May 2023, the increase in Richards Bay's year-by-year imports was explained primarily by an increase in imports from Australia (ZAR482M or 75.8%), China (ZAR249M or 404k%), and United States (ZAR100M or 32.4%), and product imports increase in Ammonia (ZAR286M or 350%), Aluminium Oxide (ZAR209M or 45.5%), and Refined Petroleum (ZAR165M or 151%).