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2023
Exports $22.5MWorld Rnk 44 / 136
Flag Rnk 376 / 1214
2023
Destination $5.2M United States
2022 - 2023
FASTEST GROWING MARKET $5.2MUnited States
2023
PRODUCT COMPLEXITY IN Silver-0.85Rnk 794 / 1025
2023
Imports $6.23MWorld Rnk 54 / 179
Flag Rnk 713 / 1211
2023
Origin $791k United States
2022 - 2023
FASTEST GROWING ORIGIN $791kUnited States
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $22.5M in Silver, making it the 44th largest exporter of Silver in the world. At the same year, Silver was the 376th most exported product in South Africa. The main destination of Silver exports from South Africa are: United States ($9.5M), China ($7.57M), Canada ($2.59M), United Kingdom ($1.29M), and United Arab Emirates ($1.11M).

The fastest growing export markets for Silver of South Africa between 2022 and 2023 were United States ($5.2M), China ($2.03M), and Canada ($1.04M).

Imports In 2023, South Africa imported $6.23M in Silver, becoming the 54th largest importer of Silver in the world. At the same year, Silver was the 713th most imported product in South Africa. South Africa imports Silver primarily from: United States ($2.28M), Germany ($970k), United Kingdom ($675k), Hong Kong ($463k), and United Arab Emirates ($428k).

The fastest growing import markets in Silver for South Africa between 2022 and 2023 were United States ($791k), Hong Kong ($450k), and United Arab Emirates ($427k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Silver exports accounted up to ZAR20.8M and imports accounted up to ZAR14.7M, resulting in a positive trade balance of ZAR6.08M. Between November 2023 and November 2024 the exports of South Africa's   Silver have increased by ZAR20.2M (3.64k%) from ZAR555k to ZAR20.8M, while imports increased by ZAR11M (302%) from ZAR3.66M to ZAR14.7M.

Destinations In November 2024, Silver were exported mostly to United Kingdom (ZAR11.9M), United Arab Emirates (ZAR8.67M), Zimbabwe (ZAR162k), Italy (ZAR27.9k), and Eswatini (ZAR12.4k), and were imported mostly from Germany (ZAR8.5M), United States (ZAR5.09M), Italy (ZAR332k), United Kingdom (ZAR308k), and Portugal (ZAR160k).

Growth In November 2024, the increase in Silver's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates (ZAR38.3k or 20.8%). In November 2024, the increase in Silver's year-by-year imports was explained primarily by an increase in imports from United Kingdom (ZAR321k or 198%), Italy (ZAR161k or 2.27k%), and Germany (ZAR36.8k or 1.93%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR20.2M(3.64k%)
IMPORT GROWTH (November 2023 - November 2024)ZAR11M(302%)
MAIN EXPORTER (November 2024)O.r. Tambo Int AirportZAR247M
MAIN DESTINATION (November 2024)United KingdomZAR11.9M

This section shows Silver'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 Silver over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$22.5M
IMPORTS (2023)$6.23M
NET TRADE (2023)$16.3M

In 2023, South Africa exported $22.5M in Silver. The main destinations of South Africa exports on Silver were United States ($9.5M), China ($7.57M), Canada ($2.59M), United Kingdom ($1.29M), and United Arab Emirates ($1.11M).

In 2023, South Africa imported $6.23M in Silver, mainly from United States ($2.28M), Germany ($970k), United Kingdom ($675k), Hong Kong ($463k), and United Arab Emirates ($428k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
United States$5.2M (121%)
China$2.03M (36.6%)
Canada$1.04M (66.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY South Africa WERE (2022 - 2023):
India-$37.7M (-100%)
Hong Kong-$8.93M (-100%)
United Arab Emirates-$661k (-37.3%)
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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 Silver were:
China $4.69B
Mexico $2.84B
South Korea $1.96B
In 2023, South Africa's main importing competitors in Silver were:
United States $5.99B
United Kingdom $3.5B
Hong Kong $2.87B

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.98M
TOP IMPORT POTENTIALUnited States+ $729k

Silver’s highest export potential is United States. With an export gap of $6.98M.   Silver’s highest import potential is United States with an import gap of $729k.

See methodology.

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