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2022
Exports $7.44MWorld Rnk 43 / 182
Flag Rnk 586 / 1213
2022
Destination $551k United States
2021 - 2022
FASTEST GROWING MARKET $551kMozambique
2022
PRODUCT COMPLEXITY IN Electromagnets1.02Rnk 163 / 1025
2022
Imports $20MWorld Rnk 44 / 216
Flag Rnk 510 / 1213
2022
Origin $917k China
2021 - 2022
FASTEST GROWING ORIGIN $917kChina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 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

June 2024

About

Overview In June 2024 South Africa's Electromagnets exports accounted up to ZAR15.3M and imports accounted up to ZAR22.7M, resulting in a negative trade balance of ZAR7.32M. Between June 2023 and June 2024 the exports of South Africa's   Electromagnets have increased by ZAR5.53M (56.4%) from ZAR9.82M to ZAR15.3M, while imports decreased by ZAR-12.6M (-35.7%) from ZAR35.3M to ZAR22.7M.

Destinations In June 2024, Electromagnets were exported mostly to United States (ZAR4.58M), Zambia (ZAR1.76M), Mozambique (ZAR1.63M), Australia (ZAR1.24M), and United Kingdom (ZAR1.14M), and were imported mostly from China (ZAR8.59M), Germany (ZAR4.4M), United States (ZAR2.44M), Netherlands (ZAR1.59M), and France (ZAR1.44M).

Growth In June 2024, the increase in Electromagnets's year-by-year exports was explained primarily by an increase in exports to India (ZAR1.06M or 1.73k%), United Arab Emirates (ZAR625k or 66.9k%), and Ghana (ZAR90.1k or 5.09k%). In June 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from Malaysia (ZAR-310k or -99.9%), Poland (ZAR-111k or -18.2%), and India (ZAR-101k or -39.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR5.53M(56.4%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-12.6M(-35.7%)
MAIN EXPORTER (June 2024)JohannesburgZAR11.7M
MAIN DESTINATION (June 2024)United StatesZAR4.58M

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).

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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):
Democratic Republic of the Congo-$497k (-45.4%)
Australia-$274k (-75.1%)
Latvia-$209k (-99.6%)
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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:
Germany $1.58B
United States $1.51B
Japan $1.04B

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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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