Refined Petroleum in South Africa

EXPORTS (2018): $804M, World Rnk 69 / 198
Flag Rnk 17 / 1203

TOP DESTINATION (2018): $121M, Zimbabwe

FASTEST GROWING MARKET (2017 - 2018): $46.5M, Zimbabwe

IMPORTS (2018): $4.85B, World Rnk 35 / 221
Flag Rnk 2 / 1206

TOP ORIGIN (2018): $859M, Oman

FASTEST GROWING ORIGIN (2017 - 2018): $271M, Oman

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

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

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

Exports: In 2018, South Africa exported $804M in Refined Petroleum, making it the 69th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 17th most exported product in South Africa. The main destination of Refined Petroleum exports from South Africa are: Zimbabwe ($121M), Democratic Republic of the Congo ($101M), Mauritius ($95.1M), Zambia ($83.7M), and Panama ($38.1M).

The fastest growing export markets for Refined Petroleum of South Africa between 2017 and 2018 were Zimbabwe ($46.5M), Democratic Republic of the Congo ($38.6M), and Mauritius ($25.7M).

Imports: In 2018, South Africa imported $4.85B in Refined Petroleum, becoming the 35th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in South Africa. South Africa imports Refined Petroleum primarily from: Oman ($859M), United Arab Emirates ($663M), India ($565M), Italy ($464M), and Bahrain ($369M).

The fastest growing import markets in Refined Petroleum for South Africa between 2017 and 2018 were Oman ($271M), Italy ($165M), and Singapore ($116M).

Tariffs: In 2018, the average tariff for South Africa in Refined Petroleum was 3.51%. The countries with the highest import tariffs for Refined Petroleum were Angola (3.67%), Burundi (3.67%), Benin (3.67%), Burkina Faso (3.67%), and Central African Republic (3.67%).

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%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): ZAR-3.61B, (-65.5%)

IMPORT GROWTH (August 2019 - August 2020): ZAR-1.14B, (-19.4%)

MAIN EXPORTER (August 2020): Durban, ZAR471M

MAIN DESTINATION (August 2020): Botswana, ZAR663M

This section shows Refined 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 Refined Petroleum over time.

Value

EXPORTS (2018): $804M

IMPORTS (2018): $4.85B

NET TRADE (2018): -$4.04B

In 2018, South Africa exported $804M in Refined Petroleum. The main destinations of South Africa exports on Refined Petroleum were Zimbabwe ($121M), Democratic Republic of the Congo ($101M), Mauritius ($95.1M), Zambia ($83.7M), and Panama ($38.1M).

In 2018, South Africa imported $4.85B in Refined Petroleum, mainly from Oman ($859M), United Arab Emirates ($663M), India ($565M), Italy ($464M), and Bahrain ($369M).

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

  • Zimbabwe, $121M ($121M - $34.5k)
  • Democratic Republic of the Congo, $101M ($101M - $0)
  • Mauritius, $95.1M ($95.1M - $13k)

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

  • Oman, -$857M ($1.88M - $859M)
  • United Arab Emirates, -$659M ($3.19M - $663M)
  • India, -$551M ($14.4M - $565M)
Flow

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

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

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Market Concentration

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Type

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

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined 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 average tariff for South Africa in Refined Petroleum was 3.51%.

The countries with the highest tariffs for Refined Petroleum in South Africa were Angola (3.67%), Burundi (3.67%), Benin (3.67%), Burkina Faso (3.67%), and Central African Republic (3.67%).

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