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2022
Flag → Flag
Exports $263MRnk 53 / 214
2022
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Top Product $81.8MCoal Briquettes
2022
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Exports $479MRnk 31 / 207
2022
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Top Product $48.6MKaolin Coated Paper
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

South Africa-Finland Trade: In 2022, South Africa exported $263M to Finland. The main products that South Africa exported to Finland were Coal Briquettes ($81.8M), Cobalt Oxides and Hydroxides ($50.5M), and Cars ($20.3M). Over the past 5 years the exports of South Africa to Finland have increased at an annualized rate of 22.3%, from $96M in 2017 to $263M in 2022.

In 2022, South Africa did not export any services to Finland.

Finland-South Africa Trade: In 2022, Finland exported $479M to South Africa. The main products that Finland exported to South Africa were Kaolin Coated Paper ($48.6M), Other Construction Vehicles ($37.7M), and Large Construction Vehicles ($28.2M). Over the past 5 years the exports of Finland to South Africa have increased at an annualized rate of 6.77%,  from $345M in 2017 to $479M in 2022.

In 2020, Finland exported services to South Africa worth $35.4M, with Other business services ($29.7M), Transportation ($2.28M), and Royalties and license fees ($2.28M) being the largest in terms of value.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

September, 2024

About

Overview In September 2024, South Africa exported ZAR39.5M and imported ZAR620M from Finland, resulting in a negative trade balance of ZAR580M. Between September 2023 and September 2024 the exports of South Africa have decreased by ZAR-147M (-78.8%) from ZAR186M to ZAR39.5M, while imports decreased by ZAR-86.7M (-12.3%) from ZAR706M to ZAR620M.

Trade In September 2024, the top exports of South Africa to Finland were Prepr binder for foundry (ZAR3.43M), Wine (ZAR2.5M), Ferroalloys (ZAR1.68M), Aluminium Oxide (ZAR1.39M), and Grapes (ZAR1.12M). In September 2024 the top imports of South Africa from Finland were Kaolin Coated Paper (ZAR81.2M), Kraft Paper (ZAR53M), Other Construction Vehicles (ZAR45.9M), Sulfate Chemical Woodpulp (ZAR35.4M), and Cellulose (ZAR33.2M).

Origins In September 2024 the exports of South Africa were mainly from Cape Town (ZAR29.1M), O.R. Tambo Int Airport (ZAR5.28M), Durban (ZAR1.98M), Johannesburg (ZAR1.74M), and King Shaka Int Airport (ZAR1.27M), while imports destinations were mainly Durban (ZAR382M), O.R. Tambo Int Airport (ZAR132M), Cape Town (ZAR51.8M), Port Elizabeth (ZAR36M), and Johannesburg (ZAR10.2M).

Growth In September 2024, the decrease in South Africa's year-by-year exports to Finland was explained primarily by an decrease in product exports in Stone Processing Machines (ZAR-6.43M or -96.9%), Wine (ZAR-6.16M or -71.1%), and Ferroalloys (ZAR-1.4M or -45.4%). In September 2024, the decrease in South Africa's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in Refined Petroleum (ZAR-744M or -99.4%), Other Construction Vehicles (ZAR-69.7M or -60.3%), and Telephones (ZAR-16.6M or -92.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)ZAR-147M(-78.8%)
IMPORT GROWTH (September 2023 - September 2024)ZAR-86.7M(-12.3%)
MAIN EXPORTER (September 2024)Cape TownZAR29.1M

This section shows 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 product to explore the exports or imports behavior of South Africa over time.

To check Finland and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $263M to Finland. The main products exported from South Africa to Finland were Coal Briquettes ($81.8M), Cobalt Oxides and Hydroxides ($50.5M), and Cars ($20.3M). During the last 5 years the exports of South Africa to Finland have increased at an annualized rate of 22.3%, from $96M in 2017 to $263M in 2022.

In 2017, Finland exported $479M to South Africa. The main products exported from Finland to South Africa were Kaolin Coated Paper ($48.6M), Other Construction Vehicles ($37.7M), and Large Construction Vehicles ($28.2M). During the last 5 years the exports of Finland to South Africa have increased at an annualized rate of 6.77%, from $345M in 2022 to $479M in 2017.

Exports from South Africa (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Finland
Top DestinationGermany$9.99B

This map shows whether countries import more from South Africa or Finland. Each country is colored based on the difference in imports they receive from South Africa and Finland or the difference in the growth in imports.

In 2022, countries that imported more from South Africa than Finland included China ($23.4B), India ($9.14B), and Japan ($8.85B).

In 2022, countries that imported more from Finland than South Africa included Sweden ($9.1B), Estonia ($3.58B), and Norway ($2.35B).

Difference in imports from Finland (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Finland

Flow
Scale

This chart compares trade between South Africa and Finland by product, considering products traded by both, South Africa and Finland.

During 2022, South Africa had a large net trade with Finland in the exports of Mineral Products ($87.8M), Chemical Products ($58.3M), and Metals ($36.1M).

During 2017, Finland had a large net trade with South Africa in the exports of Machines ($177M), Paper Goods ($102M), and Plastics and Rubbers ($51.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Finland+$20.3MCars
Top Product Potential Finland South Africa+$33.9MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Finland exported services to South Africa worth $35.4M, with Other business services ($29.7M), Transportation ($2.28M), and Royalties and license fees ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to South Africa (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Africa and Finland. This means that a dot/product with the flag of South Africa indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over South Africa.

Product Space of South Africa (Flag) and Finland (Flag) (2022)

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