Borates in South Africa | The Observatory of Economic Complexity

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Exports In 2023, South Africa exported $942k in Borates, making it the 27th largest exporter of Borates in the world. At the same year, Borates was the 923rd most exported product in South Africa. The main destination of Borates exports from South Africa are: Zimbabwe ($534k), Kenya ($136k), Zambia ($44k), Tanzania ($37.6k), and Namibia ($37.2k).

The fastest growing export markets for Borates of South Africa between 2022 and 2023 were Zimbabwe ($335k), Kenya ($59.6k), and Tanzania ($23.1k).

Imports In 2023, South Africa imported $7.88M in Borates, becoming the 26th largest importer of Borates in the world. At the same year, Borates was the 667th most imported product in South Africa. South Africa imports Borates primarily from: United States ($2.34M), China ($1.26M), Turkey ($1.04M), Peru ($766k), and Netherlands ($711k).

The fastest growing import markets in Borates for South Africa between 2022 and 2023 were United States ($1.18M), Netherlands ($711k), and India ($173k).

Latest Trends

November 2024

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Overview In November 2024 South Africa's Borates exports accounted up to ZAR1.51M and imports accounted up to ZAR6.92M, resulting in a negative trade balance of ZAR5.41M. Between November 2023 and November 2024 the exports of South Africa's Borates have increased by ZAR969k (179%) from ZAR542k to ZAR1.51M, while imports decreased by ZAR-2.92M (-29.6%) from ZAR9.84M to ZAR6.92M.

Destinations In November 2024, Borates were exported mostly to Zimbabwe (ZAR1.46M), Botswana (ZAR29k), Mozambique (ZAR18.6k), Eswatini (ZAR7.1k), and Namibia (ZAR1.38k), and were imported mostly from Peru (ZAR2.22M), United States (ZAR1.47M), Australia (ZAR1.11M), China (ZAR842k), and Turkey (ZAR665k).

Growth In November 2024, the increase in Borates's year-by-year exports was explained primarily by an increase in exports to Nigeria (ZAR20.9k or 449%) and Botswana (ZAR2.68k or 84.4%). In November 2024, the decrease in Borates's year-by-year imports was explained primarily by a decrease in imports from Turkey (ZAR-3.08M or -73.7%), United States (ZAR-1.89M or -56.6%), and Australia (ZAR-138k or -55.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)ZAR969k(179%)

IMPORT GROWTH (November 2023 - November 2024)ZAR-2.92M(-29.6%)

MAIN EXPORTER (November 2024)Beit BridgeZAR1.54M

MAIN DESTINATION (November 2024)ZimbabweZAR1.46M

This section shows Borates's 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 destination or origin country to explore the exports or imports behavior of Borates over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$942k

IMPORTS (2023)$7.88M

NET TRADE (2023)-$6.94M

In 2023, South Africa exported $942k in Borates. The main destinations of South Africa exports on Borates were Zimbabwe ($534k), Kenya ($136k), Zambia ($44k), Tanzania ($37.6k), and Namibia ($37.2k).

In 2023, South Africa imported $7.88M in Borates, mainly from United States ($2.34M), China ($1.26M), Turkey ($1.04M), Peru ($766k), and Netherlands ($711k).

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