Borates in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $615k in Borates, making it the 31st largest exporter of Borates in the world. At the same year, Borates was the 974th most exported product in South Africa. The main destination of Borates exports from South Africa are: Zimbabwe ($182k), Democratic Republic of the Congo ($94k), Kenya ($71.8k), Malawi ($65.1k), and Namibia ($39.9k).

The fastest growing export markets for Borates of South Africa between 2021 and 2022 were Democratic Republic of the Congo ($87k), Kenya ($56.2k), and Malawi ($44.1k).

Imports In 2022, South Africa imported $6.06M in Borates, becoming the 29th largest importer of Borates in the world. At the same year, Borates was the 745th most imported product in South Africa. South Africa imports Borates primarily from: China ($1.44M), Peru ($1.36M), Turkey ($1.05M), United States ($964k), and Canada ($469k).

The fastest growing import markets in Borates for South Africa between 2021 and 2022 were China ($615k), Peru ($581k), and Canada ($232k).

Latest Trends

June 2024

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Overview In June 2024 South Africa's Borates exports accounted up to ZAR116k and imports accounted up to ZAR6.65M, resulting in a negative trade balance of ZAR6.54M. Between June 2023 and June 2024 the exports of South Africa's Borates have decreased by ZAR-238k (-67.3%) from ZAR353k to ZAR116k, while imports decreased by ZAR-2.33M (-25.9%) from ZAR8.98M to ZAR6.65M.

Destinations In June 2024, Borates were exported mostly to Sierra Leone (ZAR51.4k), Tanzania (ZAR35.7k), Zimbabwe (ZAR14k), Canada (ZAR4.78k), and Botswana (ZAR4.4k), and were imported mostly from United States (ZAR3.23M), Turkey (ZAR1.91M), Australia (ZAR468k), Slovenia (ZAR462k), and China (ZAR363k).

Growth In June 2024, the decrease in Borates's year-by-year exports was explained primarily by a decrease in exports to Namibia (ZAR-32.9k or -87.7%). In June 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 (June 2023 - June 2024)ZAR-238k(-67.3%)

IMPORT GROWTH (June 2023 - June 2024)ZAR-2.33M(-25.9%)

MAIN EXPORTER (June 2024)Beit BridgeZAR1.54M

MAIN DESTINATION (June 2024)Sierra LeoneZAR51.4k

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 (2022)$615k

IMPORTS (2022)$6.06M

NET TRADE (2022)-$5.45M

In 2022, South Africa exported $615k in Borates. The main destinations of South Africa exports on Borates were Zimbabwe ($182k), Democratic Republic of the Congo ($94k), Kenya ($71.8k), Malawi ($65.1k), and Namibia ($39.9k).

In 2022, South Africa imported $6.06M in Borates, mainly from China ($1.44M), Peru ($1.36M), Turkey ($1.05M), United States ($964k), and Canada ($469k).

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