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Pricing

2022
Flag → Flag
Exports $1.02BRnk 26 / 214
2022
Flag → Flag
Top Product $350MGold
2022
Flag → Flag
Exports $1.21BRnk 28 / 215
2022
Flag → Flag
Top Product $791MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 1.68Rnk 6 / 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$467BCURRENT US$
Rnk 33 / 186
2012-2022
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GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

South Africa-Singapore Trade: In 2022, South Africa exported $1.02B to Singapore. The main products that South Africa exported to Singapore were Gold ($350M), Acyclic Hydrocarbons ($137M), and Raw Aluminium ($112M). Over the past 5 years the exports of South Africa to Singapore have increased at an annualized rate of 7.99%, from $694M in 2017 to $1.02B in 2022.

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

Singapore-South Africa Trade: In 2022, Singapore exported $1.21B to South Africa. The main products that Singapore exported to South Africa were Refined Petroleum ($791M), Diamonds ($51.9M), and Organo-Sulfur Compounds ($27.9M). Over the past 5 years the exports of Singapore to South Africa have increased at an annualized rate of 16.4%,  from $569M in 2017 to $1.21B in 2022.

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

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

September, 2024

About

Overview In September 2024, South Africa exported ZAR1.48B and imported ZAR550M from Singapore, resulting in a positive trade balance of ZAR932M. Between September 2023 and September 2024 the exports of South Africa have increased by ZAR551M (59.1%) from ZAR932M to ZAR1.48B, while imports decreased by ZAR-450M (-45%) from ZAR1B to ZAR550M.

Trade In September 2024, the top exports of South Africa to Singapore were Manganese Ore (ZAR158M), Acyclic Hydrocarbons (ZAR83M), Refined Petroleum (ZAR56M), Ketones and Quinones (ZAR49.6M), and Acyclic Alcohols (ZAR48.9M). In September 2024 the top imports of South Africa from Singapore were Refined Petroleum (ZAR1.59B), Computers (ZAR58.4M), Organo-Sulfur Compounds (ZAR48.8M), Antiknock (ZAR43.1M), and Navigation Equipment (ZAR30.2M).

Origins In September 2024 the exports of South Africa were mainly from Richards Bay (ZAR552M), Durban (ZAR531M), Narogas (ZAR162M), Cape Town (ZAR96.1M), and East London (ZAR62.8M), while imports destinations were mainly Durban (ZAR218M), Cape Town (ZAR162M), O.R. Tambo Int Airport (ZAR136M), Johannesburg (ZAR18.5M), and Port Elizabeth (ZAR9.66M).

Growth In September 2024, the increase in South Africa's year-by-year exports to Singapore was explained primarily by an increase in product exports in Refined Petroleum (ZAR55M or 5.5k%), Manganese Ore (ZAR23.1M or 17.2%), and Ketones and Quinones (ZAR17.2M or 52.9%). In September 2024, the decrease in South Africa's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Acyclic Alcohols (ZAR-40.3M or -94.6%), Cleaning Products (ZAR-8.17M or -53%), and Ethylene Polymers (ZAR-7.45M or -93.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)ZAR551M(59.1%)
IMPORT GROWTH (September 2023 - September 2024)ZAR-450M(-45%)
MAIN EXPORTER (September 2024)Richards BayZAR552M

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

For full datasets download visit Bulk Download page.

Explore Singapore and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $1.02B to Singapore. The main products exported from South Africa to Singapore were Gold ($350M), Acyclic Hydrocarbons ($137M), and Raw Aluminium ($112M). During the last 5 years the exports of South Africa to Singapore have increased at an annualized rate of 7.99%, from $694M in 2017 to $1.02B in 2022.

In 2017, Singapore exported $1.21B to South Africa. The main products exported from Singapore to South Africa were Refined Petroleum ($791M), Diamonds ($51.9M), and Organo-Sulfur Compounds ($27.9M). During the last 5 years the exports of Singapore to South Africa have increased at an annualized rate of 16.4%, from $569M in 2022 to $1.21B in 2017.

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

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

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from South Africa than Singapore included Botswana ($4.74B), Mozambique ($5.43B), and United Kingdom ($6.31B).

In 2022, countries that imported more from Singapore than South Africa included Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

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

Comparative Advantage South Africa - Singapore

Flow
Scale

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

During 2022, South Africa had a large net trade with Singapore in the exports of Precious Metals ($364M), Chemical Products ($193M), and Mineral Products ($131M).

During 2017, Singapore had a large net trade with South Africa in the exports of Mineral Products ($823M), Chemical Products ($109M), and Machines ($96.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Singapore+$207MGold
Top Product Potential Singapore South Africa+$362MRefined 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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Economic Complexity

Competitive Landscape

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

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

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