Overview In May 2023 South Africa's Crude Petroleum exports accounted up to ZAR3.4k and imports accounted up to ZAR6.01B, resulting in a negative trade balance of ZAR6.01B. Between April 2022 and May 2023 the exports of South Africa's Crude Petroleum have decreased by ZAR-555k (-99.4%) from ZAR559k to ZAR3.4k, while imports increased by ZAR1.67B (38.4%) from ZAR4.34B to ZAR6.01B.
Destinations In May 2023, Crude Petroleum were exported mostly to Unclassified (ZAR3.18k) and United Kingdom (ZAR222), and were imported mostly from Algeria (ZAR1.76B), Nigeria (ZAR1.5B), Angola (ZAR1.38B), Saudi Arabia (ZAR1.37B), and Namibia (ZAR10).
Growth In May 2023, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to . In May 2023, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Nigeria (ZAR922M or 62.8%), Angola (ZAR824M or 247%), and Zambia (ZAR418k or 95.9%).