Gold in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $22.7B in Gold, making it the 5th largest exporter of Gold in the world. At the same year, Gold was the 1st most exported product in South Africa. The main destination of Gold exports from South Africa are: China ($8.85B), Switzerland ($5.63B), India ($3.33B), United Arab Emirates ($1.62B), and Hong Kong ($600M).

The fastest growing export markets for Gold of South Africa between 2021 and 2022 were China ($3.81B), Switzerland ($1.96B), and Turkey ($351M).

Imports In 2022, South Africa imported $2.31B in Gold, becoming the 22nd largest importer of Gold in the world. At the same year, Gold was the 6th most imported product in South Africa. South Africa imports Gold primarily from: Tanzania ($882M), Namibia ($860M), Cote d'Ivoire ($360M), Botswana ($69.9M), and Zambia ($54.8M).

The fastest growing import markets in Gold for South Africa between 2021 and 2022 were Kenya ($15.4M), Niger ($6.01M), and United States ($5.24M).

Latest Trends

August 2024

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Overview In August 2024 South Africa's Gold exports accounted up to ZAR8.71B and imports accounted up to ZAR3.97B, resulting in a positive trade balance of ZAR4.73B. Between August 2023 and August 2024 the exports of South Africa's Gold have decreased by ZAR-884M (-9.22%) from ZAR9.59B to ZAR8.71B, while imports increased by ZAR2.96B (291%) from ZAR1.02B to ZAR3.97B.

Destinations In August 2024, Gold were exported mostly to Special Categories (ZAR8.71B) and Namibia (ZAR185k), and were imported mostly from Ghana (ZAR2.51B), Namibia (ZAR1.41B), Zimbabwe (ZAR48.2M), Eswatini (ZAR2.65M), and Vietnam (ZAR1.08M).

Growth In August 2024, the decrease in Gold's year-by-year exports was explained primarily by a decrease in exports to Special Categories (ZAR-3.72M or -0.05%). In August 2024, the increase in Gold's year-by-year imports was explained primarily by an increase in imports from Namibia (ZAR398M or 46.7%), United States (ZAR21.6k or 2.19k%), and China (ZAR2.12k or 650%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)ZAR-884M(-9.22%)

IMPORT GROWTH (August 2023 - August 2024)ZAR2.96B(291%)

MAIN EXPORTER (August 2024)Sa Reserve BankZAR14.5B

MAIN DESTINATION (August 2024)Special CategoriesZAR8.71B

This section shows Gold'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 Gold over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$22.7B

IMPORTS (2022)$2.31B

NET TRADE (2022)$20.3B

In 2022, South Africa exported $22.7B in Gold. The main destinations of South Africa exports on Gold were China ($8.85B), Switzerland ($5.63B), India ($3.33B), United Arab Emirates ($1.62B), and Hong Kong ($600M).

In 2022, South Africa imported $2.31B in Gold, mainly from Tanzania ($882M), Namibia ($860M), Cote d'Ivoire ($360M), Botswana ($69.9M), and Zambia ($54.8M).

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