Overview: In August 2020 South Africa's Refined Petroleum exports accounted up to ZAR1.9B and imports accounted up to ZAR4.73B, resulting in a negative trade balance of ZAR2.83B. Between August 2019 and August 2020 the exports of South Africa's Refined Petroleum have decreased by ZAR-3.61B (-65.5%) from ZAR5.51B to ZAR1.9B, while imports decreased by ZAR-1.14B (-19.4%) from ZAR5.87B to ZAR4.73B.
Destinations: In August 2020 Refined Petroleum exported mostly to Botswana (ZAR663M), Provision of Ships and Aircraft (ZAR314M), Lesotho (ZAR173M), Namibia (ZAR123M), and Eswatini (ZAR123M), and imported mostly from India (ZAR1.08B), United Arab Emirates (ZAR1B), Saudi Arabia (ZAR810M), Oman (ZAR792M), and Belgium (ZAR290M).
Growth: In August 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Botswana (ZAR-2.36B or -78.1%), Zimbabwe (ZAR-418M or -79.6%), and Provision of Ships and Aircraft (ZAR-339M or -51.9%). In August 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Singapore (ZAR-865M or -93.7%), Oman (ZAR-753M or -48.7%), and Saudi Arabia (ZAR-260M or -24.3%).