2022
Exports
$11.7MWorld Rnk 26 / 89
Flag Rnk 503 / 1213
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$70.1kWorld Rnk 73 / 144
Flag Rnk 1162 / 1213
2022
ECONOMIC COMPLEXITY of South Africa
0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $11.7M in Iron Reductions, making it the 26th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 503rd most exported product in South Africa. The main destination of Iron Reductions exports from South Africa are: Mauritius ($5.22M), India ($2.13M), Australia ($2.11M), Indonesia ($1.07M), and Ecuador ($556k).

The fastest growing export markets for Iron Reductions of South Africa between 2021 and 2022 were Mauritius ($4.77M), Australia ($2.11M), and Indonesia ($1.07M).

Imports In 2022, South Africa imported $70.1k in Iron Reductions, becoming the 73rd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1162nd most imported product in South Africa. South Africa imports Iron Reductions primarily from: China ($48.2k), Germany ($15k), United States ($6.65k), India ($119), and South Korea ($56).

The fastest growing import markets in Iron Reductions for South Africa between 2021 and 2022 were China ($48.2k), United States ($5.38k), and India ($119).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR3.94M(92.6%)
IMPORT GROWTH (September 2022 - July 2024)ZAR12.2k(24.4k%)
MAIN EXPORTER (August 2024)DurbanZAR25.8M
MAIN DESTINATION (August 2024)IndiaZAR7.93M

This section shows Iron Reductions'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 Iron Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.7M
IMPORTS (2022)$70.1k
NET TRADE (2022)$11.6M

In 2022, South Africa exported $11.7M in Iron Reductions. The main destinations of South Africa exports on Iron Reductions were Mauritius ($5.22M), India ($2.13M), Australia ($2.11M), Indonesia ($1.07M), and Ecuador ($556k).

In 2022, South Africa imported $70.1k in Iron Reductions, mainly from China ($48.2k), Germany ($15k), United States ($6.65k), India ($119), and South Korea ($56).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Mauritius$4.77M (1.05k%)
Australia$2.11M (1%)
Indonesia$1.07M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY South Africa WERE (2021 - 2022):
India-$10.3M (-82.9%)
Germany-$4.24M (-100%)
Botswana-$52.7k (-84%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Iron Reductions were:
In 2022, South Africa's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $331k
TOP IMPORT POTENTIALUnited States+ $13.5k

Iron Reductions’s highest export potential is Indonesia. With an export gap of $331k.   Iron Reductions’s highest import potential is United States with an import gap of $13.5k.

See methodology.

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