2023
Exports
$4.63MWorld Rnk 93 / 150
Flag Rnk 657 / 1214
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$4.67BWorld Rnk 30 / 159
Flag Rnk 2 / 1211
2023
ECONOMIC COMPLEXITY of South Africa
0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $4.63M in Crude Petroleum, making it the 93rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 657th most exported product in South Africa. The main destination of Crude Petroleum exports from South Africa are: Zimbabwe ($2.28M), Germany ($1.36M), Lesotho ($688k), Botswana ($133k), and Namibia ($128k).

The fastest growing export markets for Crude Petroleum of South Africa between 2022 and 2023 were Zimbabwe ($1.7M), Germany ($1.36M), and Malawi ($8.85k).

Imports In 2023, South Africa imported $4.67B in Crude Petroleum, becoming the 30th 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 ($2.3B), Saudi Arabia ($1.04B), United States ($424M), Angola ($335M), and Algeria ($192M).

The fastest growing import markets in Crude Petroleum for South Africa between 2022 and 2023 were United States ($424M), Algeria ($192M), and Nigeria ($126M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR339k(526%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-4.8B(-45.5%)
MAIN EXPORTER (November 2024)DurbanZAR59.7M
MAIN DESTINATION (November 2024)LesothoZAR171k

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 (2023)$4.63M
IMPORTS (2023)$4.67B
NET TRADE (2023)-$4.66B

In 2023, South Africa exported $4.63M in Crude Petroleum. The main destinations of South Africa exports on Crude Petroleum were Zimbabwe ($2.28M), Germany ($1.36M), Lesotho ($688k), Botswana ($133k), and Namibia ($128k).

In 2023, South Africa imported $4.67B in Crude Petroleum, mainly from Nigeria ($2.3B), Saudi Arabia ($1.04B), United States ($424M), Angola ($335M), and Algeria ($192M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Zimbabwe$1.7M (292%)
Germany$1.36M (1%)
Malawi$8.85k (358%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY South Africa WERE (2022 - 2023):
Thailand-$96.2M (-100%)
United Kingdom-$45.4M (-100%)
Malaysia-$12.2M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Crude Petroleum were:
In 2023, South Africa's main importing competitors in Crude Petroleum were:

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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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