Olive Oil in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $979k in Olive Oil, making it the 11th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 911th most exported product in South Africa. The main destination of Olive Oil exports from South Africa are: Yemen ($419k), Somalia ($326k), Netherlands ($103k), Zambia ($53.1k), and Botswana ($46.2k).

The fastest growing export markets for Olive Oil of South Africa between 2021 and 2022 were Yemen ($370k), Somalia ($180k), and Netherlands ($102k).

Imports In 2022, South Africa imported $1.28M in Olive Oil, becoming the 58th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 981st most imported product in South Africa. South Africa imports Olive Oil primarily from: Italy ($769k), Spain ($378k), Greece ($69.7k), Australia ($44.4k), and Turkey ($11.5k).

The fastest growing import markets in Olive Oil for South Africa between 2021 and 2022 were Italy ($219k), Australia ($44.4k), and Spain ($27.8k).

Latest Trends

March 2024

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Overview In March 2024 South Africa's Olive Oil exports accounted up to ZAR2.32M and imports accounted up to ZAR838k, resulting in a positive trade balance of ZAR1.48M. Between March 2023 and March 2024 the exports of South Africa's Olive Oil have increased by ZAR2.25M (3.43k%) from ZAR65.6k to ZAR2.32M, while imports increased by ZAR678k (423%) from ZAR160k to ZAR838k.

Destinations In March 2024, Olive Oil were exported mostly to Yemen (ZAR1.3M), Somalia (ZAR883k), Eswatini (ZAR66.8k), Botswana (ZAR41.6k), and Namibia (ZAR14.7k), and were imported mostly from Spain (ZAR838k).

Growth In March 2024, the increase in Olive Oil's year-by-year exports was explained primarily by an increase in exports to Botswana (ZAR13.3k or 27.7%) and Lesotho (ZAR3.91k or 182%). In March 2024, the increase in Olive Oil's year-by-year imports was explained primarily by an increase in imports from Spain (ZAR547k or 208%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)ZAR2.25M(3.43k%)

IMPORT GROWTH (March 2023 - March 2024)ZAR678k(423%)

MAIN EXPORTER (March 2024)DurbanZAR2.18M

MAIN DESTINATION (March 2024)YemenZAR1.3M

This section shows Olive Oil'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 Olive Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$979k

IMPORTS (2022)$1.28M

NET TRADE (2022)-$306k

In 2022, South Africa exported $979k in Olive Oil. The main destinations of South Africa exports on Olive Oil were Yemen ($419k), Somalia ($326k), Netherlands ($103k), Zambia ($53.1k), and Botswana ($46.2k).

In 2022, South Africa imported $1.28M in Olive Oil, mainly from Italy ($769k), Spain ($378k), Greece ($69.7k), Australia ($44.4k), and Turkey ($11.5k).

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