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2022
Exports $5.17MWorld Rnk 50 / 178
Flag Rnk 646 / 1213
2022
Destination $848k Singapore
2021 - 2022
FASTEST GROWING MARKET $848kSingapore
2022
PRODUCT COMPLEXITY IN Precious Metal Watches0.4Rnk 410 / 1025
2022
Imports $31.1MWorld Rnk 45 / 208
Flag Rnk 416 / 1213
2022
Origin $109k Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $109kUnited Kingdom
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $5.17M in Precious Metal Watches, making it the 50th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 646th most exported product in South Africa. The main destination of Precious Metal Watches exports from South Africa are: Singapore ($1.71M), Namibia ($627k), Hong Kong ($479k), United States ($430k), and Zambia ($406k).

The fastest growing export markets for Precious Metal Watches of South Africa between 2021 and 2022 were Singapore ($848k), Zambia ($256k), and Namibia ($166k).

Imports In 2022, South Africa imported $31.1M in Precious Metal Watches, becoming the 45th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 416th most imported product in South Africa. South Africa imports Precious Metal Watches primarily from: Switzerland ($28.4M), China ($1.34M), United Kingdom ($311k), Hong Kong ($218k), and United States ($204k).

The fastest growing import markets in Precious Metal Watches for South Africa between 2021 and 2022 were United Kingdom ($109k), Hong Kong ($68.1k), and United States ($54.7k).

Latest Trends

October 2024

About

Overview In October 2024 South Africa's Precious Metal Watches exports accounted up to ZAR341k and imports accounted up to ZAR33.1M, resulting in a negative trade balance of ZAR32.8M. Between October 2023 and October 2024 the exports of South Africa's   Precious Metal Watches have decreased by ZAR-1.08M (-76%) from ZAR1.42M to ZAR341k, while imports increased by ZAR5.92M (21.7%) from ZAR27.2M to ZAR33.1M.

Destinations In October 2024, Precious Metal Watches were exported mostly to Switzerland (ZAR61.4k), Botswana (ZAR61.2k), Namibia (ZAR56.8k), United States (ZAR44k), and Eswatini (ZAR41.6k), and were imported mostly from Switzerland (ZAR28.1M), China (ZAR3.67M), Hong Kong (ZAR906k), United States (ZAR272k), and Japan (ZAR83.8k).

Growth In October 2024, the decrease in Precious Metal Watches's year-by-year exports was explained primarily by a decrease in exports to Zambia (ZAR-493k or -99.1%), Eswatini (ZAR-59.4k or -66.7%), and Lesotho (ZAR-34.3k or -58.4%). In October 2024, the increase in Precious Metal Watches's year-by-year imports was explained primarily by an increase in imports from Special Categories (ZAR956k or 136k%), China (ZAR740k or 49.2%), and Japan (ZAR85.9k or 222%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)ZAR-1.08M(-76%)
IMPORT GROWTH (October 2023 - October 2024)ZAR5.92M(21.7%)
MAIN EXPORTER (October 2024)O.r. Tambo Int AirportZAR1.23M
MAIN DESTINATION (October 2024)SwitzerlandZAR61.4k

This section shows Precious Metal Watches'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 Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.17M
IMPORTS (2022)$31.1M
NET TRADE (2022)-$25.9M

In 2022, South Africa exported $5.17M in Precious Metal Watches. The main destinations of South Africa exports on Precious Metal Watches were Singapore ($1.71M), Namibia ($627k), Hong Kong ($479k), United States ($430k), and Zambia ($406k).

In 2022, South Africa imported $31.1M in Precious Metal Watches, mainly from Switzerland ($28.4M), China ($1.34M), United Kingdom ($311k), Hong Kong ($218k), and United States ($204k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Singapore$848k (97.8%)
Zambia$256k (170%)
Namibia$166k (36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY South Africa WERE (2021 - 2022):
Hong Kong-$13.5M (-96.6%)
United States-$1.08M (-71.6%)
Switzerland-$1.03M (-73.3%)
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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 Watches were:
Switzerland $9.41B
Singapore $895M
France $801M
In 2022, South Africa's main importing competitors in Precious Metal Watches were:
Hong Kong $2.35B
United States $1.76B
Switzerland $1.5B

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $792k
TOP IMPORT POTENTIALChina+ $661k

Precious Metal Watches’s highest export potential is United States. With an export gap of $792k.   Precious Metal Watches’s highest import potential is China with an import gap of $661k.

See methodology.

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