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2023
Exports $29MWorld Rnk 21 / 120
Flag Rnk 333 / 1214
2023
Destination $1.63M Netherlands
2022 - 2023
FASTEST GROWING MARKET $1.63MBrazil
2023
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.5Rnk 46 / 1025
2023
Imports $16.7MWorld Rnk 43 / 201
Flag Rnk 511 / 1211
2023
Origin $1.77M Italy
2022 - 2023
FASTEST GROWING ORIGIN $1.77MChina
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $29M in Flat-Rolled Stainless Steel, making it the 21st largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 333rd most exported product in South Africa. The main destination of Flat-Rolled Stainless Steel exports from South Africa are: Netherlands ($6.12M), Germany ($5.45M), Brazil ($3.01M), Zambia ($2.37M), and Mexico ($2.24M).

The fastest growing export markets for Flat-Rolled Stainless Steel of South Africa between 2022 and 2023 were Brazil ($1.63M), Sweden ($585k), and United Kingdom ($202k).

Imports In 2023, South Africa imported $16.7M in Flat-Rolled Stainless Steel, becoming the 43rd largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 511th most imported product in South Africa. South Africa imports Flat-Rolled Stainless Steel primarily from: Italy ($4.08M), China ($4.01M), Japan ($2.76M), Chinese Taipei ($1.29M), and Germany ($1.29M).

The fastest growing import markets in Flat-Rolled Stainless Steel for South Africa between 2022 and 2023 were China ($1.77M), Italy ($1.29M), and India ($765k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Flat-Rolled Stainless Steel exports accounted up to ZAR2.91M and imports accounted up to ZAR41.9M, resulting in a negative trade balance of ZAR39M. Between November 2023 and November 2024 the exports of South Africa's   Flat-Rolled Stainless Steel have decreased by ZAR-17.8M (-86%) from ZAR20.7M to ZAR2.91M, while imports increased by ZAR22.2M (113%) from ZAR19.7M to ZAR41.9M.

Destinations In November 2024, Flat-Rolled Stainless Steel were exported mostly to Greece (ZAR1.38M), India (ZAR552k), Brazil (ZAR456k), Eswatini (ZAR191k), and Democratic Republic of the Congo (ZAR149k), and were imported mostly from China (ZAR23.3M), Japan (ZAR6.39M), Italy (ZAR4.42M), India (ZAR2.97M), and Chinese Taipei (ZAR2.18M).

Growth In November 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to Mexico (ZAR-7.07M or -81.5%), Spain (ZAR-444k or -32.1%), and Eswatini (ZAR-194k or -79.2%). In November 2024, the increase in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by an increase in imports from China (ZAR1.25M or 34.6%), Japan (ZAR1.23M or 50.5%), and Switzerland (ZAR1.02k or 4.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR-17.8M(-86%)
IMPORT GROWTH (November 2023 - November 2024)ZAR22.2M(113%)
MAIN EXPORTER (November 2024)DurbanZAR18.4M
MAIN DESTINATION (November 2024)GreeceZAR1.38M

This section shows Flat-Rolled Stainless Steel'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 Flat-Rolled Stainless Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$29M
IMPORTS (2023)$16.7M
NET TRADE (2023)$12.4M

In 2023, South Africa exported $29M in Flat-Rolled Stainless Steel. The main destinations of South Africa exports on Flat-Rolled Stainless Steel were Netherlands ($6.12M), Germany ($5.45M), Brazil ($3.01M), Zambia ($2.37M), and Mexico ($2.24M).

In 2023, South Africa imported $16.7M in Flat-Rolled Stainless Steel, mainly from Italy ($4.08M), China ($4.01M), Japan ($2.76M), Chinese Taipei ($1.29M), and Germany ($1.29M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Brazil$1.63M (118%)
Sweden$585k (86.7%)
United Kingdom$202k (35.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY South Africa WERE (2022 - 2023):
Zambia-$7.13M (-75.1%)
Netherlands-$4.2M (-40.7%)
Germany-$4M (-42.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Flat-Rolled Stainless Steel were:
Germany $808M
United States $577M
Italy $541M
In 2023, South Africa's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $786M
Italy $322M
Mexico $286M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.41M
TOP IMPORT POTENTIALChina+ $1.32M

Flat-Rolled Stainless Steel’s highest export potential is Germany. With an export gap of $1.41M.   Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $1.32M.

See methodology.

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