2022
Exports
$7.44MWorld Rnk 43 / 182
Flag Rnk 586 / 1213
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$20MWorld Rnk 44 / 216
Flag Rnk 510 / 1213
2022
ECONOMIC COMPLEXITY of South Africa
0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $7.44M in Electromagnets, making it the 43rd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 586th most exported product in South Africa. The main destination of Electromagnets exports from South Africa are: United States ($1.15M), Mozambique ($806k), Zimbabwe ($693k), Democratic Republic of the Congo ($598k), and Zambia ($507k).

The fastest growing export markets for Electromagnets of South Africa between 2021 and 2022 were Mozambique ($551k), Iran ($297k), and France ($267k).

Imports In 2022, South Africa imported $20M in Electromagnets, becoming the 44th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 510th most imported product in South Africa. South Africa imports Electromagnets primarily from: China ($7.81M), Germany ($4M), United States ($2.68M), Netherlands ($944k), and Italy ($776k).

The fastest growing import markets in Electromagnets for South Africa between 2021 and 2022 were China ($917k), Netherlands ($386k), and United States ($302k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)ZAR-1.19M(-9.45%)
IMPORT GROWTH (July 2023 - July 2024)ZAR-3.79M(-11.9%)
MAIN EXPORTER (July 2024)JohannesburgZAR11.7M
MAIN DESTINATION (July 2024)United StatesZAR4.97M

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.44M
IMPORTS (2022)$20M
NET TRADE (2022)-$12.6M

In 2022, South Africa exported $7.44M in Electromagnets. The main destinations of South Africa exports on Electromagnets were United States ($1.15M), Mozambique ($806k), Zimbabwe ($693k), Democratic Republic of the Congo ($598k), and Zambia ($507k).

In 2022, South Africa imported $20M in Electromagnets, mainly from China ($7.81M), Germany ($4M), United States ($2.68M), Netherlands ($944k), and Italy ($776k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Mozambique$551k (216%)
Iran$297k (1%)
France$267k (763%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY South Africa WERE (2021 - 2022):
Australia-$274k (-75.1%)
Latvia-$209k (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, South Africa's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.3M
TOP IMPORT POTENTIALChina+ $4M

Electromagnets’s highest export potential is United States. With an export gap of $1.3M.   Electromagnets’s highest import potential is China with an import gap of $4M.

See methodology.

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