Precious Stones in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $35.1M in Precious Stones, making it the 26th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 301st most exported product in South Africa. The main destination of Precious Stones exports from South Africa are: China ($16.7M), United States ($5.24M), Italy ($2.05M), Thailand ($1.87M), and Macau ($1.64M).

The fastest growing export markets for Precious Stones of South Africa between 2021 and 2022 were Macau ($1.64M), Thailand ($1.4M), and India ($368k).

Imports In 2022, South Africa imported $6.9M in Precious Stones, becoming the 34th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 723rd most imported product in South Africa. South Africa imports Precious Stones primarily from: United States ($1.84M), India ($1.39M), Thailand ($1.02M), Zimbabwe ($364k), and Madagascar ($346k).

The fastest growing import markets in Precious Stones for South Africa between 2021 and 2022 were United States ($946k), India ($892k), and Thailand ($528k).

Latest Trends

February 2024

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Overview In February 2024 South Africa's Precious Stones exports accounted up to ZAR19.9M and imports accounted up to ZAR14.8M, resulting in a positive trade balance of ZAR5.09M. Between February 2023 and February 2024 the exports of South Africa's Precious Stones have increased by ZAR8.89M (80.5%) from ZAR11M to ZAR19.9M, while imports decreased by ZAR-1.12M (-7.04%) from ZAR16M to ZAR14.8M.

Destinations In February 2024, Precious Stones were exported mostly to China (ZAR13.6M), Czechia (ZAR2.11M), United States (ZAR1.87M), United Kingdom (ZAR592k), and Nigeria (ZAR481k), and were imported mostly from United States (ZAR6.23M), India (ZAR2.39M), Thailand (ZAR2.09M), Zambia (ZAR1.09M), and Botswana (ZAR1.07M).

Growth In February 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 February 2024, the decrease in Precious Stones's year-by-year imports was explained primarily by a decrease in imports from Hong Kong (ZAR-312k or -93.9%) and South Africa (ZAR-6.82k or -56.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)ZAR8.89M(80.5%)

IMPORT GROWTH (February 2023 - February 2024)ZAR-1.12M(-7.04%)

MAIN EXPORTER (February 2024)Cape TownZAR9.18M

MAIN DESTINATION (February 2024)ChinaZAR13.6M

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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