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2022
Exports $108MWorld Rnk 73 / 149
Flag Rnk 134 / 1213
2022
Destination $14.1M Thailand
2021 - 2022
FASTEST GROWING MARKET $14.1MMalaysia
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $4.34BWorld Rnk 34 / 158
Flag Rnk 3 / 1213
2022
Origin $108M Nigeria
2021 - 2022
FASTEST GROWING ORIGIN $108MRepublic of the Congo
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

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

August 2024

About

Overview In August 2024 South Africa's Crude Petroleum exports accounted up to ZAR290k and imports accounted up to ZAR7.86B, resulting in a negative trade balance of ZAR7.86B. Between July 2023 and August 2024 the exports of South Africa's   Crude Petroleum have decreased by ZAR-84.3k (-22.5%) from ZAR374k to ZAR290k, while imports increased by ZAR4.73B (151%) from ZAR3.14B to ZAR7.86B.

Destinations In August 2024, Crude Petroleum were exported mostly to Mozambique (ZAR230k), Zimbabwe (ZAR48.9k), Eswatini (ZAR7.41k), Lesotho (ZAR2.9k), and Zambia (ZAR881), and were imported mostly from Nigeria (ZAR6.31B), Saudi Arabia (ZAR1.56B), and United Kingdom (ZAR472).

Growth In August 2024, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to . In August 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
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)ZAR-84.3k(-22.5%)
IMPORT GROWTH (August 2023 - August 2024)ZAR4.73B(151%)
MAIN EXPORTER (August 2024)KomatipoortZAR1.34M
MAIN DESTINATION (August 2024)MozambiqueZAR230k

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$108M
IMPORTS (2022)$4.34B
NET TRADE (2022)-$4.23B

In 2022, South Africa exported $108M in Crude Petroleum. The main destinations of South Africa exports on Crude Petroleum were Thailand ($80.1M), Malaysia ($14.1M), United Kingdom ($8.42M), Namibia ($3.07M), and Botswana ($1.5M).

In 2022, South Africa imported $4.34B in Crude Petroleum, mainly from Nigeria ($2.16B), Saudi Arabia ($1.54B), Angola ($381M), Ghana ($108M), and Republic of the Congo ($108M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Malaysia$14.1M (1%)
Thailand$10.6M (15.3%)
United Kingdom$8.42M (46.8M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY South Africa WERE (2021 - 2022):
China-$728M (-100%)
Spain-$207M (-100%)
India-$181M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, South Africa's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $21.8M
TOP IMPORT POTENTIALAngola+ $131M

Crude Petroleum’s highest export potential is United Kingdom. With an export gap of $21.8M.   Crude Petroleum’s highest import potential is Angola with an import gap of $131M.

See methodology.

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