Crude Petroleum in South Africa

EXPORTS (2018): $231M, World Rnk 61 / 120
Flag Rnk 58 / 1203

TOP DESTINATION (2018): $230M, China

FASTEST GROWING MARKET (2017 - 2018): $815k, Democratic Republic of the Congo

IMPORTS (2018): $11B, World Rnk 17 / 148
Flag Rnk 1 / 1206

TOP ORIGIN (2018): $4.6B, Saudi Arabia

FASTEST GROWING ORIGIN (2017 - 2018): $2.15B, Nigeria

ECONOMIC COMPLEXITY of South Africa (2018): 0.16, Rnk 59 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in South Africa.

Exports: In 2018, South Africa exported $231M in Crude Petroleum, making it the 61st largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 58th most exported product in South Africa. The main destination of Crude Petroleum exports from South Africa are: China ($230M), Democratic Republic of the Congo ($815k), Mozambique ($64.1k), India ($49.3k), and Bermuda ($32k).

The fastest growing export markets for Crude Petroleum of South Africa between 2017 and 2018 were Democratic Republic of the Congo ($815k), Bermuda ($32k), and Zambia ($23.4k).

Imports: In 2018, South Africa imported $11B in Crude Petroleum, becoming the 17th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in South Africa. South Africa imports Crude Petroleum primarily from: Saudi Arabia ($4.6B), Nigeria ($3.82B), Angola ($1.17B), Ghana ($659M), and United Arab Emirates ($407M).

The fastest growing import markets in Crude Petroleum for South Africa between 2017 and 2018 were Nigeria ($2.15B), Saudi Arabia ($1.64B), and Ghana ($608M).

Overview: In August 2020 South Africa's Crude Petroleum exports accounted up to ZAR1.12M and imports accounted up to ZAR5.42B, resulting in a negative trade balance of ZAR5.42B. Between August 2019 and August 2020 the exports of South Africa's   Crude Petroleum have increased by ZAR1M (851%) from ZAR117k to ZAR1.12M, while imports decreased by ZAR-2.39B (-30.6%) from ZAR7.81B to ZAR5.42B.

Destinations: In August 2020 Crude Petroleum exported mostly to Lesotho (ZAR982k), Zimbabwe (ZAR116k), Angola (ZAR18k), Eswatini (ZAR976), and United States (ZAR857), and imported mostly from Saudi Arabia (ZAR2.84B), Nigeria (ZAR746M), Russia (ZAR736M), Spain (ZAR735M), and Ghana (ZAR369M).

Growth: In August 2020, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to Lesotho (ZAR934k or 1.96k%) and Zimbabwe (ZAR114k or 6.36k%). In August 2020, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Nigeria (ZAR-629M or -45.8%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): ZAR1M, (851%)

IMPORT GROWTH (August 2019 - August 2020): ZAR-2.39B, (-30.6%)

MAIN EXPORTER (August 2020): Maseru Bridge, ZAR982k

MAIN DESTINATION (August 2020): Lesotho, ZAR982k

This section shows Crude Petroleum'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 Crude Petroleum over time.

Value

EXPORTS (2018): $231M

IMPORTS (2018): $11B

NET TRADE (2018): -$10.8B

In 2018, South Africa exported $231M in Crude Petroleum. The main destinations of South Africa exports on Crude Petroleum were China ($230M), Democratic Republic of the Congo ($815k), Mozambique ($64.1k), India ($49.3k), and Bermuda ($32k).

In 2018, South Africa imported $11B in Crude Petroleum, mainly from Saudi Arabia ($4.6B), Nigeria ($3.82B), Angola ($1.17B), Ghana ($659M), and United Arab Emirates ($407M).

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IN 2018, South Africa HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • China, $230M ($230M - $0)
  • Democratic Republic of the Congo, $815k ($815k - $0)
  • Mozambique, $64.1k ($64.1k - $0)

IN 2018, South Africa HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Saudi Arabia, -$4.6B ($0 - $4.6B)
  • Nigeria, -$3.82B ($0 - $3.82B)
  • Angola, -$1.17B ($0 - $1.17B)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR South Africa WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY South Africa WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, South Africa's main exporting competitors in Crude Petroleum were:

In 2018, South Africa's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in South Africa. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the tariffs for Crude Petroleum in the imports of South Africa were of 0% around the world.

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