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2022
Exports $322MWorld Rnk 55 / 217
Flag Rnk 45 / 1213
2022
Destination $18.1M Namibia
2021 - 2022
FASTEST GROWING MARKET $18.1MZimbabwe
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $1.75BWorld Rnk 38 / 224
Flag Rnk 7 / 1213
2022
Origin $14.5M India
2021 - 2022
FASTEST GROWING ORIGIN $14.5MUnited Kingdom
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $322M in Packaged Medicaments, making it the 55th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 45th most exported product in South Africa. The main destination of Packaged Medicaments exports from South Africa are: Namibia ($56.3M), Zimbabwe ($47.5M), Botswana ($45.8M), Germany ($22.4M), and United States ($15.4M).

The fastest growing export markets for Packaged Medicaments of South Africa between 2021 and 2022 were Zimbabwe ($18.1M), Germany ($4.58M), and Namibia ($2.92M).

Imports In 2022, South Africa imported $1.75B in Packaged Medicaments, becoming the 38th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in South Africa. South Africa imports Packaged Medicaments primarily from: India ($573M), Germany ($208M), France ($120M), United States ($110M), and Belgium ($74M).

The fastest growing import markets in Packaged Medicaments for South Africa between 2021 and 2022 were United Kingdom ($14.5M), Brazil ($7.28M), and Canada ($3.5M).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Packaged Medicaments exports accounted up to ZAR375M and imports accounted up to ZAR2.95B, resulting in a negative trade balance of ZAR2.57B. Between August 2023 and August 2024 the exports of South Africa's   Packaged Medicaments have decreased by ZAR-4.03M (-1.06%) from ZAR379M to ZAR375M, while imports increased by ZAR323M (12.3%) from ZAR2.62B to ZAR2.95B.

Destinations In August 2024, Packaged Medicaments were exported mostly to Namibia (ZAR75.6M), Botswana (ZAR53.3M), Mozambique (ZAR41.2M), Eswatini (ZAR26.3M), and Germany (ZAR24.8M), and were imported mostly from India (ZAR1.33B), Germany (ZAR301M), France (ZAR194M), United States (ZAR128M), and Belgium (ZAR113M).

Growth In August 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Lesotho (ZAR-7.94M or -47.5%), United States (ZAR-7.78M or -65.3%), and Eswatini (ZAR-5.66M or -31.6%). In August 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 (August 2023 - August 2024)ZAR-4.03M(-1.06%)
IMPORT GROWTH (August 2023 - August 2024)ZAR323M(12.3%)
MAIN EXPORTER (August 2024)Port ElizabethZAR185M
MAIN DESTINATION (August 2024)NamibiaZAR75.6M

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 (2022)$322M
IMPORTS (2022)$1.75B
NET TRADE (2022)-$1.42B

In 2022, South Africa exported $322M in Packaged Medicaments. The main destinations of South Africa exports on Packaged Medicaments were Namibia ($56.3M), Zimbabwe ($47.5M), Botswana ($45.8M), Germany ($22.4M), and United States ($15.4M).

In 2022, South Africa imported $1.75B in Packaged Medicaments, mainly from India ($573M), Germany ($208M), France ($120M), United States ($110M), and Belgium ($74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Zimbabwe$18.1M (61.4%)
Germany$4.58M (25.7%)
Namibia$2.92M (5.47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY South Africa WERE (2021 - 2022):
Zambia-$5.29M (-33.4%)
Democratic Republic of the Congo-$4.56M (-94.7%)
Botswana-$3.16M (-6.45%)
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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 Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, South Africa's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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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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