Crude Petroleum in South Africa | The Observatory of Economic Complexity

About

Exports In 2022, South Africa exported $108M in Crude Petroleum, making it the 73rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 134th most exported product in South Africa. The main destination of Crude Petroleum exports from South Africa are: Thailand ($80.1M), Malaysia ($14.1M), United Kingdom ($8.42M), Namibia ($3.07M), and Botswana ($1.5M).

The fastest growing export markets for Crude Petroleum of South Africa between 2021 and 2022 were Malaysia ($14.1M), Thailand ($10.6M), and United Kingdom ($8.42M).

Imports In 2022, South Africa imported $4.34B in Crude Petroleum, becoming the 34th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in South Africa. South Africa imports Crude Petroleum primarily from: Nigeria ($2.16B), Saudi Arabia ($1.54B), Angola ($381M), Ghana ($108M), and Republic of the Congo ($108M).

The fastest growing import markets in Crude Petroleum for South Africa between 2021 and 2022 were Republic of the Congo ($108M), Cote d'Ivoire ($11.4M), and Spain ($3.34k).

Latest Trends

February 2024

About

Overview In February 2024 South Africa's Crude Petroleum exports accounted up to ZAR677k and imports accounted up to ZAR10.2B, resulting in a negative trade balance of ZAR10.2B. Between December 2022 and February 2024 the exports of South Africa's Crude Petroleum have decreased by ZAR-199M (-99.7%) from ZAR200M to ZAR677k, while imports increased by ZAR8.77B (599%) from ZAR1.46B to ZAR10.2B.

Destinations In February 2024, Crude Petroleum were exported mostly to Lesotho (ZAR655k), Malawi (ZAR14k), Democratic Republic of the Congo (ZAR3k), Zimbabwe (ZAR2.4k), and Eswatini (ZAR2.38k), and were imported mostly from Nigeria (ZAR3.34B), Saudi Arabia (ZAR2.63B), Angola (ZAR1.51B), Ghana (ZAR1.43B), and United States (ZAR1.32B).

Growth In February 2024, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to . In February 2024, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Nigeria (ZAR2.32B or 97.2%) and Saudi Arabia (ZAR754M or 36%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - February 2024)ZAR-199M(-99.7%)

IMPORT GROWTH (February 2023 - February 2024)ZAR8.77B(599%)

MAIN EXPORTER (February 2024)Maseru BridgeZAR655k

MAIN DESTINATION (February 2024)LesothoZAR655k

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download