2023
Exports
$42.8MWorld Rnk 38 / 150
Flag Rnk 264 / 1214
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$462MWorld Rnk 22 / 206
Flag Rnk 37 / 1211
2023
ECONOMIC COMPLEXITY of South Africa
0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $42.8M in Palm Oil, making it the 38th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 264th most exported product in South Africa. The main destination of Palm Oil exports from South Africa are: Zambia ($19.2M), Zimbabwe ($14.6M), Eswatini ($4.71M), Namibia ($1.53M), and Mozambique ($1.19M).

The fastest growing export markets for Palm Oil of South Africa between 2022 and 2023 were Zimbabwe ($3.7M), Eswatini ($2.81M), and Zambia ($911k).

Imports In 2023, South Africa imported $462M in Palm Oil, becoming the 22nd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 37th most imported product in South Africa. South Africa imports Palm Oil primarily from: Indonesia ($366M), Malaysia ($93.3M), United States ($1.74M), Singapore ($815k), and Spain ($151k).

The fastest growing import markets in Palm Oil for South Africa between 2022 and 2023 were United States ($1.74M), Egypt ($7.62k), and Ghana ($3.88k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR-9.86M(-19.1%)
IMPORT GROWTH (November 2023 - November 2024)ZAR127M(22.8%)
MAIN EXPORTER (November 2024)Beit BridgeZAR24M
MAIN DESTINATION (November 2024)ZimbabweZAR20.6M

This section shows Palm Oil'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 Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$42.8M
IMPORTS (2023)$462M
NET TRADE (2023)-$419M

In 2023, South Africa exported $42.8M in Palm Oil. The main destinations of South Africa exports on Palm Oil were Zambia ($19.2M), Zimbabwe ($14.6M), Eswatini ($4.71M), Namibia ($1.53M), and Mozambique ($1.19M).

In 2023, South Africa imported $462M in Palm Oil, mainly from Indonesia ($366M), Malaysia ($93.3M), United States ($1.74M), Singapore ($815k), and Spain ($151k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Zimbabwe$3.7M (33.9%)
Eswatini$2.81M (148%)
Zambia$911k (4.98%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY South Africa WERE (2022 - 2023):
Botswana-$677k (-53.1%)
Lesotho-$568k (-56.9%)
Republic of the Congo-$382k (-99.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Palm Oil were:
In 2023, South Africa's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALKenya+ $391k
TOP IMPORT POTENTIALMalaysia+ $7.19M

Palm Oil’s highest export potential is Kenya. With an export gap of $391k.   Palm Oil’s highest import potential is Malaysia with an import gap of $7.19M.

See methodology.

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