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%).