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2022
Flag → Flag
Exports $8.96MRnk 137 / 214
2022
Flag → Flag
Top Product $1.95MIron Structures
2022
Flag → Flag
Exports $3.56MRnk 51 / 160
2022
Flag → Flag
Top Product $994kComputers
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
Flag  
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$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

South Africa-Iceland Trade: In 2022, South Africa exported $8.96M to Iceland. The main products that South Africa exported to Iceland were Iron Structures ($1.95M), Grapes ($1.26M), and Delivery Trucks ($1.1M). Over the past 5 years the exports of South Africa to Iceland have decreased at an annualized rate of 4.72%, from $11.4M in 2017 to $8.96M in 2022.

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

Iceland-South Africa Trade: In 2022, Iceland exported $3.56M to South Africa. The main products that Iceland exported to South Africa were Computers ($994k), Refined Petroleum ($738k), and Orthopedic Appliances ($622k). Over the past 5 years the exports of Iceland to South Africa have decreased at an annualized rate of 28%,  from $18.4M in 2017 to $3.56M in 2022.

In 2019, Iceland exported services to South Africa worth $2.8M, with Travel ($2.69M) and Transportation ($112k) 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

About

Overview In June 2024, South Africa exported ZAR1.02M and imported ZAR3.22M from Iceland, resulting in a negative trade balance of ZAR2.2M. Between June 2023 and June 2024 the exports of South Africa have decreased by ZAR-145k (-12.5%) from ZAR1.16M to ZAR1.02M, while imports decreased by ZAR-2.92M (-47.6%) from ZAR6.14M to ZAR3.22M.

Trade In June 2024, the top exports of South Africa to Iceland were Sauces and Seasonings (ZAR113k) and Salt (ZAR17.7k). In June 2024 the top imports of South Africa from Iceland were Orthopedic Appliances (ZAR2.88M), Refined Petroleum (ZAR721k), X-Ray Equipment (ZAR393k), Transmissions (ZAR204k), and Scales (ZAR144k).

Origins In June 2024 the exports of South Africa were mainly from Cape Town (ZAR949k), Cape Town Int Airport (ZAR51.4k), and O.R. Tambo Int Airport (ZAR15.4k), while imports destinations were mainly Cape Town Int Airport (ZAR1.34M), O.R. Tambo Int Airport (ZAR1.13M), Cape Town (ZAR739k), and Durban (ZAR93).

Growth In June 2024, the decrease in South Africa's year-by-year exports to Iceland was explained primarily by an decrease in product exports in . In June 2024, the decrease in South Africa's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Scales (ZAR-286k or -66.4%), Telephones (ZAR-16.3k or -70.2%), and Opto-Electric Instrument Parts (ZAR-1.41k or -26.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)ZAR-145k(-12.5%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-2.92M(-47.6%)
MAIN EXPORTER (June 2024)Cape TownZAR949k

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 Iceland and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $8.96M to Iceland. The main products exported from South Africa to Iceland were Iron Structures ($1.95M), Grapes ($1.26M), and Delivery Trucks ($1.1M). During the last 5 years the exports of South Africa to Iceland have decreased at an annualized rate of 4.72%, from $11.4M in 2017 to $8.96M in 2022.

In 2017, Iceland exported $3.56M to South Africa. The main products exported from Iceland to South Africa were Computers ($994k), Refined Petroleum ($738k), and Orthopedic Appliances ($622k). During the last 5 years the exports of Iceland to South Africa have decreased at an annualized rate of 28%, from $18.4M in 2022 to $3.56M in 2017.

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

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

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from South Africa than Iceland included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

In 2022, countries that imported more from Iceland than South Africa included Norway ($459M), Greenland ($28.2M), and Belarus ($14.9M).

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

Comparative Advantage South Africa - Iceland

Flow
Scale

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

During 2022, South Africa had a large net trade with Iceland in the exports of Vegetable Products ($3.06M), Metals ($2.42M), and Transportation ($1.28M).

During 2017, Iceland had a large net trade with South Africa in the exports of Machines ($1.24M), Instruments ($817k), and Mineral Products ($738k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Iceland+N/AN/A
Top Product Potential Iceland South Africa+N/AN/A

N/A

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Bilateral Service Trade

In 2019, Iceland exported services to South Africa worth $2.8M, with Travel ($2.69M) and Transportation ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to South Africa (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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