Precious Metal Scraps in South Africa | The Observatory of Economic Complexity

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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

February 2024

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Overview In February 2024 South Africa's Precious Metal Scraps exports accounted up to ZAR312M and imports accounted up to ZAR2.76M, resulting in a positive trade balance of ZAR309M. Between February 2023 and February 2024 the exports of South Africa's Precious Metal Scraps have decreased by ZAR-98.2M (-23.9%) from ZAR410M to ZAR312M, while imports increased by ZAR2.06M (294%) from ZAR701k to ZAR2.76M.

Destinations In February 2024, Precious Metal Scraps were exported mostly to Belgium (ZAR235M), United Kingdom (ZAR30.2M), United Arab Emirates (ZAR23.5M), Germany (ZAR7.07M), and Australia (ZAR6.79M), and were imported mostly from United States (ZAR2.76M) and Brazil (ZAR241).

Growth In February 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 February 2024, the increase in Precious Metal Scraps's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR31M or 1.58k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)ZAR-98.2M(-23.9%)

IMPORT GROWTH (February 2023 - February 2024)ZAR2.06M(294%)

MAIN EXPORTER (February 2024)DurbanZAR243M

MAIN DESTINATION (February 2024)BelgiumZAR235M

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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