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2023
Exports $2.04MWorld Rnk 58 / 139
Flag Rnk 808 / 1214
2023
Destination $33.9k Namibia
2022 - 2023
FASTEST GROWING MARKET $33.9kArgentina
2023
PRODUCT COMPLEXITY IN Molasses-1.73Rnk 974 / 1025
2023
Imports $2.95MWorld Rnk 49 / 187
Flag Rnk 850 / 1211
2023
Origin $120k Mozambique
2022 - 2023
FASTEST GROWING ORIGIN $120kZambia
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $2.04M in Molasses, making it the 58th largest exporter of Molasses in the world. At the same year, Molasses was the 808th most exported product in South Africa. The main destination of Molasses exports from South Africa are: Namibia ($1.31M), Botswana ($400k), Argentina ($84.4k), Kenya ($37.1k), and Lesotho ($34k).

The fastest growing export markets for Molasses of South Africa between 2022 and 2023 were Argentina ($33.9k), Lesotho ($31.5k), and Kenya ($25.5k).

Imports In 2023, South Africa imported $2.95M in Molasses, becoming the 49th largest importer of Molasses in the world. At the same year, Molasses was the 850th most imported product in South Africa. South Africa imports Molasses primarily from: Mozambique ($1.56M), Zambia ($1.26M), China ($41.4k), Switzerland ($38.9k), and India ($19.4k).

The fastest growing import markets in Molasses for South Africa between 2022 and 2023 were Zambia ($120k), China ($9.56k), and Malaysia ($8.39k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Molasses exports accounted up to ZAR5.8M and imports accounted up to ZAR12.3M, resulting in a negative trade balance of ZAR6.55M. Between November 2023 and November 2024 the exports of South Africa's   Molasses have increased by ZAR1.76M (43.7%) from ZAR4.04M to ZAR5.8M, while imports increased by ZAR2.72M (28.3%) from ZAR9.63M to ZAR12.3M.

Destinations In November 2024, Molasses were exported mostly to Namibia (ZAR3.38M), Botswana (ZAR1.87M), Zimbabwe (ZAR252k), Tanzania (ZAR140k), and United States (ZAR65.1k), and were imported mostly from Mozambique (ZAR10.4M), Zambia (ZAR1.82M), Unclassified (ZAR137k), Eswatini (ZAR4.66k), and Syria (ZAR1.08k).

Growth In November 2024, the increase in Molasses's year-by-year exports was explained primarily by an increase in exports to Namibia (ZAR212k or 21.8%), Botswana (ZAR57.6k or 55.6%), and Eswatini (ZAR12.6k or 81.8%). In November 2024, the increase in Molasses's year-by-year imports was explained primarily by an increase in imports from Zambia (ZAR1.07M or 71.8%) and Tanzania (ZAR103 or 69.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR1.76M(43.7%)
IMPORT GROWTH (November 2023 - November 2024)ZAR2.72M(28.3%)
MAIN EXPORTER (November 2024)DurbanZAR2.83M
MAIN DESTINATION (November 2024)NamibiaZAR3.38M

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.04M
IMPORTS (2023)$2.95M
NET TRADE (2023)-$917k

In 2023, South Africa exported $2.04M in Molasses. The main destinations of South Africa exports on Molasses were Namibia ($1.31M), Botswana ($400k), Argentina ($84.4k), Kenya ($37.1k), and Lesotho ($34k).

In 2023, South Africa imported $2.95M in Molasses, mainly from Mozambique ($1.56M), Zambia ($1.26M), China ($41.4k), Switzerland ($38.9k), and India ($19.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Argentina$33.9k (67.1%)
Lesotho$31.5k (1.25k%)
Kenya$25.5k (221%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY South Africa WERE (2022 - 2023):
Namibia-$923k (-41.4%)
Botswana-$148k (-27%)
Zimbabwe-$31.8k (-51.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Molasses were:
India $295M
Indonesia $168M
Poland $85.5M
In 2023, South Africa's main importing competitors in Molasses were:
United States $263M
Philippines $161M
United Kingdom $161M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBangladesh+ $19.6k
TOP IMPORT POTENTIALIndia+ $78k

Molasses’s highest export potential is Bangladesh. With an export gap of $19.6k.   Molasses’s highest import potential is India with an import gap of $78k.

See methodology.

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