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2022
Exports $15.6MWorld Rnk 34 / 213
Flag Rnk 461 / 1213
2022
Destination $231k Zambia
2021 - 2022
FASTEST GROWING MARKET $231kAngola
2022
PRODUCT COMPLEXITY IN Gaskets1.44Rnk 64 / 1025
2022
Imports $53.2MWorld Rnk 25 / 220
Flag Rnk 306 / 1213
2022
Origin $1.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.6MUnited States
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $15.6M in Gaskets, making it the 34th largest exporter of Gaskets in the world. At the same year, Gaskets was the 461st most exported product in South Africa. The main destination of Gaskets exports from South Africa are: Zambia ($1.62M), Mozambique ($1.49M), Democratic Republic of the Congo ($1.45M), Namibia ($1.32M), and Zimbabwe ($1.18M).

The fastest growing export markets for Gaskets of South Africa between 2021 and 2022 were Angola ($231k), United States ($206k), and Guatemala ($178k).

Imports In 2022, South Africa imported $53.2M in Gaskets, becoming the 25th largest importer of Gaskets in the world. At the same year, Gaskets was the 306th most imported product in South Africa. South Africa imports Gaskets primarily from: Germany ($15M), China ($9.89M), United States ($8.43M), France ($3.22M), and Japan ($2.81M).

The fastest growing import markets in Gaskets for South Africa between 2021 and 2022 were United States ($1.6M), France ($1.06M), and China ($902k).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Gaskets exports accounted up to ZAR26.5M and imports accounted up to ZAR159M, resulting in a negative trade balance of ZAR132M. Between August 2023 and August 2024 the exports of South Africa's   Gaskets have increased by ZAR6.34M (31.4%) from ZAR20.2M to ZAR26.5M, while imports increased by ZAR20.2M (14.6%) from ZAR138M to ZAR159M.

Destinations In August 2024, Gaskets were exported mostly to Zambia (ZAR3.51M), United States (ZAR3.05M), Mozambique (ZAR2.58M), Angola (ZAR2.08M), and Botswana (ZAR1.55M), and were imported mostly from Germany (ZAR52.4M), China (ZAR22.9M), United States (ZAR20.5M), South Africa (ZAR11.1M), and United Kingdom (ZAR8.3M).

Growth In August 2024, the increase in Gaskets's year-by-year exports was explained primarily by an increase in exports to United States (ZAR11.3M or 1.83k%), Democratic Republic of the Congo (ZAR2.57M or 262%), and Eswatini (ZAR577k or 75.1%). In August 2024, the increase in Gaskets's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR5.96M or 21.4%), United States (ZAR5.76M or 38.5%), and India (ZAR3.26M or 148%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR6.34M(31.4%)
IMPORT GROWTH (August 2023 - August 2024)ZAR20.2M(14.6%)
MAIN EXPORTER (August 2024)O.r. Tambo Int AirportZAR14.5M
MAIN DESTINATION (August 2024)ZambiaZAR3.51M

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.6M
IMPORTS (2022)$53.2M
NET TRADE (2022)-$37.5M

In 2022, South Africa exported $15.6M in Gaskets. The main destinations of South Africa exports on Gaskets were Zambia ($1.62M), Mozambique ($1.49M), Democratic Republic of the Congo ($1.45M), Namibia ($1.32M), and Zimbabwe ($1.18M).

In 2022, South Africa imported $53.2M in Gaskets, mainly from Germany ($15M), China ($9.89M), United States ($8.43M), France ($3.22M), and Japan ($2.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Angola$231k (69.5%)
United States$206k (35.1%)
Guatemala$178k (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY South Africa WERE (2021 - 2022):
Belgium-$508k (-46.6%)
Germany-$499k (-73.6%)
Republic of the Congo-$322k (-98.5%)
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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 Gaskets were:
Germany $824M
United States $757M
China $527M
In 2022, South Africa's main importing competitors in Gaskets were:
United States $579M
China $299M
Germany $282M

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.37M
TOP IMPORT POTENTIALUnited States+ $2.91M

Gaskets’s highest export potential is United States. With an export gap of $2.37M.   Gaskets’s highest import potential is United States with an import gap of $2.91M.

See methodology.

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