Insect Resins in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $2.94M in Insect Resins, making it the 33rd largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 736th most exported product in South Africa. The main destination of Insect Resins exports from South Africa are: Vietnam ($796k), China ($584k), Namibia ($418k), Lithuania ($272k), and United Arab Emirates ($177k).

The fastest growing export markets for Insect Resins of South Africa between 2021 and 2022 were Vietnam ($315k), Lithuania ($272k), and United Arab Emirates ($84.3k).

Imports In 2022, South Africa imported $6.98M in Insect Resins, becoming the 31st largest importer of Insect Resins in the world. At the same year, Insect Resins was the 721st most imported product in South Africa. South Africa imports Insect Resins primarily from: France ($2.73M), China ($1.11M), India ($714k), Germany ($633k), and Singapore ($404k).

The fastest growing import markets in Insect Resins for South Africa between 2021 and 2022 were Germany ($259k), China ($242k), and France ($164k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Insect Resins from South Africa to the United States.

Latest Trends

January 2024

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Overview In January 2024 South Africa's Insect Resins exports accounted up to ZAR2.24M and imports accounted up to ZAR10.3M, resulting in a negative trade balance of ZAR8.03M. Between January 2023 and January 2024 the exports of South Africa's Insect Resins have decreased by ZAR-760k (-25.3%) from ZAR3M to ZAR2.24M, while imports decreased by ZAR-273k (-2.59%) from ZAR10.5M to ZAR10.3M.

Destinations In January 2024, Insect Resins were exported mostly to Portugal (ZAR830k), Lithuania (ZAR814k), Vietnam (ZAR401k), Namibia (ZAR162k), and Botswana (ZAR22.6k), and were imported mostly from France (ZAR7.05M), Italy (ZAR1.06M), India (ZAR989k), Germany (ZAR422k), and Somalia (ZAR381k).

Growth In January 2024, the decrease in Insect Resins's year-by-year exports was explained primarily by a decrease in exports to China (ZAR-322k or -42.7%) and Namibia (ZAR-91.4k or -27.4%). In January 2024, the decrease in Insect Resins's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (ZAR-1.72M or -99.6%), Germany (ZAR-479k or -61.6%), and Singapore (ZAR-62.9k or -29.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)ZAR-760k(-25.3%)

IMPORT GROWTH (January 2023 - January 2024)ZAR-273k(-2.59%)

MAIN EXPORTER (January 2024)DurbanZAR2.04M

MAIN DESTINATION (January 2024)PortugalZAR830k

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.94M

IMPORTS (2022)$6.98M

NET TRADE (2022)-$4.04M

In 2022, South Africa exported $2.94M in Insect Resins. The main destinations of South Africa exports on Insect Resins were Vietnam ($796k), China ($584k), Namibia ($418k), Lithuania ($272k), and United Arab Emirates ($177k).

In 2022, South Africa imported $6.98M in Insect Resins, mainly from France ($2.73M), China ($1.11M), India ($714k), Germany ($633k), and Singapore ($404k).

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