Crude Petroleum in South Africa 2021 Exports | Imports : $1.46B | $5.42B, World Rnk 36 / 147 Rnk 15 / 1209 | World Rnk 23 / 163 Rnk 2 / 1212
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $728M | $321M, China | Angola
2021 ECONOMIC COMPLEXITY of South Africa: 0.098, Rnk 59 / 131
2021 PRODUCT COMPLEXITY IN Crude Petroleum: -2.36, Rnk 1013 / 1024
Exports In 2021, South Africa exported $1.46B in Crude Petroleum, making it the 36th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 15th most exported product in South Africa. The main destination of Crude Petroleum exports from South Africa are: China ($728M), Spain ($212M), India ($181M), South Korea ($114M), and Thailand ($69.3M).
The fastest growing export markets for Crude Petroleum of South Africa between 2020 and 2021 were China ($728M), Spain ($212M), and South Korea ($114M).
Imports In 2021, South Africa imported $5.42B in Crude Petroleum, becoming the 23rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in South Africa. South Africa imports Crude Petroleum primarily from: Nigeria ($2.17B), Saudi Arabia ($2.14B), Ghana ($525M), Angola ($398M), and United Arab Emirates ($74.2M).
The fastest growing import markets in Crude Petroleum for South Africa between 2020 and 2021 were Angola ($321M), Saudi Arabia ($270M), and United Kingdom ($33.4M).
May 2023
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%).
EXPORT GROWTH (April 2022 - May 2023): ZAR-555k, (-99.4%)
IMPORT GROWTH (May 2022 - May 2023): ZAR1.67B, (38.4%)
MAIN EXPORTER (May 2023): Beit Bridge, ZAR682k
MAIN DESTINATION (May 2023): Unclassified, ZAR3.18k
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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EXPORTS (2021): $1.46B
IMPORTS (2021): $5.42B
NET TRADE (2021): -$3.96B
In 2021, South Africa exported $1.46B in Crude Petroleum. The main destinations of South Africa exports on Crude Petroleum were China ($728M), Spain ($212M), India ($181M), South Korea ($114M), and Thailand ($69.3M).
In 2021, South Africa imported $5.42B in Crude Petroleum, mainly from Nigeria ($2.17B), Saudi Arabia ($2.14B), Ghana ($525M), Angola ($398M), and United Arab Emirates ($74.2M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR South Africa WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY South Africa WERE (2020 - 2021):
In 2021, South Africa's main exporting competitors in Crude Petroleum were:
In 2021, South Africa's main importing competitors in Crude Petroleum were:
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