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2022
Exports $356MWorld Rnk 20 / 177
Flag Rnk 42 / 1213
2022
Destination $32.6M Belgium
2021 - 2022
FASTEST GROWING MARKET $32.6MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $62.7MWorld Rnk 24 / 118
Flag Rnk 276 / 1213
2022
Origin $8.71M Australia
2021 - 2022
FASTEST GROWING ORIGIN $8.71MDemocratic Republic of the Congo
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $356M in Precious Metal Scraps, making it the 20th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 42nd most exported product in South Africa. The main destination of Precious Metal Scraps exports from South Africa are: Belgium ($218M), United Kingdom ($66.3M), Germany ($28.9M), United States ($24.8M), and Italy ($4.14M).

The fastest growing export markets for Precious Metal Scraps of South Africa between 2021 and 2022 were United Kingdom ($32.6M), Italy ($1.72M), and Mauritius ($1.43M).

Imports In 2022, South Africa imported $62.7M in Precious Metal Scraps, becoming the 24th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 276th most imported product in South Africa. South Africa imports Precious Metal Scraps primarily from: Australia ($42M), United States ($9.91M), Democratic Republic of the Congo ($8.71M), Germany ($1.54M), and Botswana ($214k).

The fastest growing import markets in Precious Metal Scraps for South Africa between 2021 and 2022 were Democratic Republic of the Congo ($8.71M), United States ($6.13M), and Australia ($5.87M).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Precious Metal Scraps exports accounted up to ZAR306M and imports accounted up to ZAR26.5M, resulting in a positive trade balance of ZAR280M. Between August 2023 and August 2024 the exports of South Africa's   Precious Metal Scraps have decreased by ZAR-97.1M (-24.1%) from ZAR403M to ZAR306M, while imports decreased by ZAR-23.9M (-47.4%) from ZAR50.4M to ZAR26.5M.

Destinations In August 2024, Precious Metal Scraps were exported mostly to Belgium (ZAR151M), United Arab Emirates (ZAR42M), Germany (ZAR35.9M), United Kingdom (ZAR27.5M), and Australia (ZAR25.4M), and were imported mostly from United States (ZAR26.5M) and Belgium (ZAR6.49k).

Growth In August 2024, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to Belgium (ZAR-12M or -5.02%) and Germany (ZAR-11.7M or -15.1%). In August 2024, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from United States (ZAR-5.39M or -23%) and Belgium (ZAR-362 or -25.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR-97.1M(-24.1%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-23.9M(-47.4%)
MAIN EXPORTER (August 2024)O.r. Tambo Int AirportZAR362M
MAIN DESTINATION (August 2024)BelgiumZAR151M

This section shows Precious Metal Scraps'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 Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$356M
IMPORTS (2022)$62.7M
NET TRADE (2022)$293M

In 2022, South Africa exported $356M in Precious Metal Scraps. The main destinations of South Africa exports on Precious Metal Scraps were Belgium ($218M), United Kingdom ($66.3M), Germany ($28.9M), United States ($24.8M), and Italy ($4.14M).

In 2022, South Africa imported $62.7M in Precious Metal Scraps, mainly from Australia ($42M), United States ($9.91M), Democratic Republic of the Congo ($8.71M), Germany ($1.54M), and Botswana ($214k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
United Kingdom$32.6M (96.9%)
Italy$1.72M (70.9%)
Mauritius$1.43M (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY South Africa WERE (2021 - 2022):
Belgium-$58.3M (-21.1%)
Germany-$13.1M (-31.2%)
United States-$3.74M (-13.1%)
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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 Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
United Kingdom $1.45B
In 2022, South Africa's main importing competitors in Precious Metal Scraps were:
Germany $3.7B
Canada $3.02B
Japan $2.87B

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.7M
TOP IMPORT POTENTIALUnited States+ $7.23M

Precious Metal Scraps’s highest export potential is United States. With an export gap of $23.7M.   Precious Metal Scraps’s highest import potential is United States with an import gap of $7.23M.

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