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2023
Exports $56.5MWorld Rnk 25 / 164
Flag Rnk 215 / 1214
2023
Destination $8.54M China
2022 - 2023
FASTEST GROWING MARKET $8.54MThailand
2023
PRODUCT COMPLEXITY IN Precious Stones-1.29Rnk 897 / 1025
2023
Imports $6.62MWorld Rnk 33 / 184
Flag Rnk 705 / 1211
2023
Origin $846k United States
2022 - 2023
FASTEST GROWING ORIGIN $846kUnited States
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $56.5M in Precious Stones, making it the 25th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 215th most exported product in South Africa. The main destination of Precious Stones exports from South Africa are: China ($15.1M), Thailand ($11.3M), Singapore ($8.46M), United States ($7.79M), and India ($6.26M).

The fastest growing export markets for Precious Stones of South Africa between 2022 and 2023 were Thailand ($8.54M), Singapore ($8.42M), and India ($5.1M).

Imports In 2023, South Africa imported $6.62M in Precious Stones, becoming the 33rd largest importer of Precious Stones in the world. At the same year, Precious Stones was the 705th most imported product in South Africa. South Africa imports Precious Stones primarily from: United States ($2.13M), India ($1.13M), Hong Kong ($565k), Namibia ($517k), and Thailand ($491k).

The fastest growing import markets in Precious Stones for South Africa between 2022 and 2023 were United States ($846k), Hong Kong ($301k), and Namibia ($201k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Precious Stones exports accounted up to ZAR26M and imports accounted up to ZAR12.5M, resulting in a positive trade balance of ZAR13.5M. Between November 2023 and November 2024 the exports of South Africa's   Precious Stones have increased by ZAR10.1M (63.3%) from ZAR15.9M to ZAR26M, while imports increased by ZAR150k (1.21%) from ZAR12.3M to ZAR12.5M.

Destinations In November 2024, Precious Stones were exported mostly to China (ZAR17.1M), United States (ZAR3.08M), Germany (ZAR2.51M), Netherlands (ZAR750k), and Hong Kong (ZAR683k), and were imported mostly from Thailand (ZAR3.17M), India (ZAR2.06M), Brazil (ZAR1.73M), Namibia (ZAR1.7M), and Tanzania (ZAR1.62M).

Growth In November 2024, the increase in Precious Stones's year-by-year exports was explained primarily by an increase in exports to China (ZAR4.06M or 86.8%), United Kingdom (ZAR360k or 463%), and Belgium (ZAR85.4k or 23.4k%). In November 2024, the increase in Precious Stones's year-by-year imports was explained primarily by an increase in imports from Special Categories (ZAR6.41M or 3.98M%), India (ZAR2.25M or 188%), and Thailand (ZAR1.51M or 108%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR10.1M(63.3%)
IMPORT GROWTH (November 2023 - November 2024)ZAR150k(1.21%)
MAIN EXPORTER (November 2024)Port ElizabethZAR26.1M
MAIN DESTINATION (November 2024)ChinaZAR17.1M

This section shows Precious Stones'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 Stones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$56.5M
IMPORTS (2023)$6.62M
NET TRADE (2023)$49.8M

In 2023, South Africa exported $56.5M in Precious Stones. The main destinations of South Africa exports on Precious Stones were China ($15.1M), Thailand ($11.3M), Singapore ($8.46M), United States ($7.79M), and India ($6.26M).

In 2023, South Africa imported $6.62M in Precious Stones, mainly from United States ($2.13M), India ($1.13M), Hong Kong ($565k), Namibia ($517k), and Thailand ($491k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Thailand$8.54M (311%)
Singapore$8.42M (26.4k%)
India$5.1M (439%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY South Africa WERE (2022 - 2023):
China-$5.36M (-26.2%)
Macau-$1.65M (-100%)
Italy-$1.45M (-72.8%)
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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 Stones were:
Thailand $1.83B
United States $1.29B
Hong Kong $1.17B
In 2023, South Africa's main importing competitors in Precious Stones were:
Hong Kong $3.03B
United States $2.33B
China $1.25B

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.5M
TOP IMPORT POTENTIALIndia+ $903k

Precious Stones’s highest export potential is China. With an export gap of $10.5M.   Precious Stones’s highest import potential is India with an import gap of $903k.

See methodology.

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