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2023
Exports $1.7BWorld Rnk 2 / 108
Flag Rnk 14 / 1214
2023
Destination $7.76M Germany
2022 - 2023
FASTEST GROWING MARKET $7.76MChinese Taipei
2023
PRODUCT COMPLEXITY IN Precious Metal Ore-1.75Rnk 979 / 1025
2023
Imports $132kWorld Rnk 44 / 107
Flag Rnk 1135 / 1211
2023
Origin $83.8k Germany
2022 - 2023
FASTEST GROWING ORIGIN $83.8kGermany
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $1.7B in Precious Metal Ore, making it the 2nd largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 14th most exported product in South Africa. The main destination of Precious Metal Ore exports from South Africa are: Germany ($1.19B), United Kingdom ($472M), Chinese Taipei ($25.5M), China ($8.1M), and Belgium ($5.91M).

The fastest growing export markets for Precious Metal Ore of South Africa between 2022 and 2023 were Chinese Taipei ($7.76M), Belgium ($3.62M), and China ($3.01M).

Imports In 2023, South Africa imported $132k in Precious Metal Ore, becoming the 44th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 1135th most imported product in South Africa. South Africa imports Precious Metal Ore primarily from: Germany ($85.2k), Canada ($30.9k), United States ($7.28k), United Kingdom ($6.38k), and Philippines ($783).

The fastest growing import markets in Precious Metal Ore for South Africa between 2022 and 2023 were Germany ($83.8k), Canada ($24.6k), and United States ($7.22k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Precious Metal Ore exports accounted up to ZAR1.8B and imports accounted up to ZAR1.42k, resulting in a positive trade balance of ZAR1.8B. Between November 2023 and November 2024 the exports of South Africa's   Precious Metal Ore have increased by ZAR337M (23%) from ZAR1.46B to ZAR1.8B, while imports increased by ZAR379 (36.4%) from ZAR1.04k to ZAR1.42k.

Destinations In November 2024, Precious Metal Ore were exported mostly to Germany (ZAR1.14B), United Kingdom (ZAR617M), Chinese Taipei (ZAR32.2M), Belgium (ZAR7.89M), and Namibia (ZAR184), and were imported mostly from Canada (ZAR1.33k) and United Kingdom (ZAR93).

Growth In November 2024, the increase in Precious Metal Ore's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei (ZAR8.95M or 42.2%). In November 2024, the increase in Precious Metal Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR337M(23%)
IMPORT GROWTH (October 2023 - November 2024)ZAR379(36.4%)
MAIN EXPORTER (November 2024)O.r. Tambo Int AirportZAR1.76B
MAIN DESTINATION (November 2024)GermanyZAR1.14B

This section shows Precious Metal Ore'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 Precious Metal Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.7B
IMPORTS (2023)$132k
NET TRADE (2023)$1.7B

In 2023, South Africa exported $1.7B in Precious Metal Ore. The main destinations of South Africa exports on Precious Metal Ore were Germany ($1.19B), United Kingdom ($472M), Chinese Taipei ($25.5M), China ($8.1M), and Belgium ($5.91M).

In 2023, South Africa imported $132k in Precious Metal Ore, mainly from Germany ($85.2k), Canada ($30.9k), United States ($7.28k), United Kingdom ($6.38k), and Philippines ($783).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Chinese Taipei$7.76M (43.8%)
Belgium$3.62M (158%)
China$3.01M (59.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY South Africa WERE (2022 - 2023):
Germany-$604M (-33.7%)
United Kingdom-$155M (-24.7%)
Namibia-$2.12M (-99.8%)
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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 Precious Metal Ore were:
Mexico $1.89B
Russia $1.48B
In 2023, South Africa's main importing competitors in Precious Metal Ore were:
China $8.08B
Germany $2.77B
United Kingdom $848M

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.73M
TOP IMPORT POTENTIALCanada+ $9.8k

Precious Metal Ore’s highest export potential is China. With an export gap of $8.73M.   Precious Metal Ore’s highest import potential is Canada with an import gap of $9.8k.

See methodology.

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