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2023
Exports $304MWorld Rnk 56 / 214
Flag Rnk 49 / 1214
2023
Destination $6.97M Namibia
2022 - 2023
FASTEST GROWING MARKET $6.97MSingapore
2023
PRODUCT COMPLEXITY IN Packaged Medicaments0.63Rnk 313 / 1025
2023
Imports $1.72BWorld Rnk 38 / 226
Flag Rnk 9 / 1211
2023
Origin $73.6M India
2022 - 2023
FASTEST GROWING ORIGIN $73.6MUnited States
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $304M in Packaged Medicaments, making it the 56th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 49th most exported product in South Africa. The main destination of Packaged Medicaments exports from South Africa are: Namibia ($76.1M), Zimbabwe ($32.9M), Germany ($17.7M), Botswana ($17.1M), and United Kingdom ($12.3M).

The fastest growing export markets for Packaged Medicaments of South Africa between 2022 and 2023 were Singapore ($6.97M), Lesotho ($5.42M), and Nigeria ($2.83M).

Imports In 2023, South Africa imported $1.72B in Packaged Medicaments, becoming the 38th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most imported product in South Africa. South Africa imports Packaged Medicaments primarily from: India ($572M), Germany ($164M), France ($143M), United States ($141M), and Italy ($79.4M).

The fastest growing import markets in Packaged Medicaments for South Africa between 2022 and 2023 were United States ($73.6M), France ($19.7M), and Denmark ($7.75M).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Packaged Medicaments exports accounted up to ZAR553M and imports accounted up to ZAR2.93B, resulting in a negative trade balance of ZAR2.37B. Between November 2023 and November 2024 the exports of South Africa's   Packaged Medicaments have increased by ZAR107M (24%) from ZAR446M to ZAR553M, while imports increased by ZAR416M (16.6%) from ZAR2.51B to ZAR2.93B.

Destinations In November 2024, Packaged Medicaments were exported mostly to Australia (ZAR91M), Namibia (ZAR78.2M), Mozambique (ZAR57.2M), Singapore (ZAR49.4M), and Botswana (ZAR44.1M), and were imported mostly from India (ZAR1B), Germany (ZAR285M), Denmark (ZAR215M), United States (ZAR210M), and Italy (ZAR129M).

Growth In November 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Botswana (ZAR17.1M or 54.2%), United Arab Emirates (ZAR9.04M or 601%), and Mauritius (ZAR7.62M or 457%). In November 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from India (ZAR269M or 35.6%), Denmark (ZAR68.2M or 127%), and Italy (ZAR59.8M or 57.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR107M(24%)
IMPORT GROWTH (November 2023 - November 2024)ZAR416M(16.6%)
MAIN EXPORTER (November 2024)Port ElizabethZAR185M
MAIN DESTINATION (November 2024)AustraliaZAR91M

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$304M
IMPORTS (2023)$1.72B
NET TRADE (2023)-$1.41B

In 2023, South Africa exported $304M in Packaged Medicaments. The main destinations of South Africa exports on Packaged Medicaments were Namibia ($76.1M), Zimbabwe ($32.9M), Germany ($17.7M), Botswana ($17.1M), and United Kingdom ($12.3M).

In 2023, South Africa imported $1.72B in Packaged Medicaments, mainly from India ($572M), Germany ($164M), France ($143M), United States ($141M), and Italy ($79.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Singapore$6.97M (289%)
Lesotho$5.42M (125%)
Nigeria$2.83M (143%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY South Africa WERE (2022 - 2023):
Zimbabwe-$14.2M (-30.1%)
Botswana-$10.7M (-38.6%)
Mozambique-$5.77M (-41.7%)
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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 Packaged Medicaments were:
Germany $66.4B
United States $41B
Switzerland $39.7B
In 2023, South Africa's main importing competitors in Packaged Medicaments were:
United States $82.7B
Switzerland $40B
Germany $30.8B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36.5M
TOP IMPORT POTENTIALGermany+ $91.9M

Packaged Medicaments’s highest export potential is United States. With an export gap of $36.5M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $91.9M.

See methodology.

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