Refined Petroleum in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $2.1B in Refined Petroleum, making it the 49th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 12th most exported product in South Africa. The main destination of Refined Petroleum exports from South Africa are: Botswana ($1.03B), Lesotho ($220M), Eswatini ($166M), Democratic Republic of the Congo ($111M), and Zambia ($98.2M).

The fastest growing export markets for Refined Petroleum of South Africa between 2021 and 2022 were Botswana ($358M), Lesotho ($61.1M), and Eswatini ($48.2M).

Imports In 2022, South Africa imported $17.1B in Refined Petroleum, becoming the 19th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in South Africa. South Africa imports Refined Petroleum primarily from: United Arab Emirates ($3.56B), India ($3.51B), Saudi Arabia ($2.07B), Turkey ($1.09B), and Malaysia ($819M).

The fastest growing import markets in Refined Petroleum for South Africa between 2021 and 2022 were United Arab Emirates ($2.31B), India ($2.28B), and Turkey ($886M).

COMPANIES In 2023, leading companies such as CLASSIC FRUIT COMPANY (4) were at the forefront of shipping Refined Petroleum from South Africa to the United States.

Latest Trends

January 2024

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Overview In January 2024 South Africa's Refined Petroleum exports accounted up to ZAR4.59B and imports accounted up to ZAR18.9B, resulting in a negative trade balance of ZAR14.4B. Between January 2023 and January 2024 the exports of South Africa's Refined Petroleum have increased by ZAR494M (12.1%) from ZAR4.1B to ZAR4.59B, while imports decreased by ZAR-4.28B (-18.4%) from ZAR23.2B to ZAR18.9B.

Destinations In January 2024, Refined Petroleum were exported mostly to Botswana (ZAR1.24B), Provision of Ships and Aircraft (ZAR1.1B), Special Categories (ZAR318M), Eswatini (ZAR314M), and Lesotho (ZAR294M), and were imported mostly from India (ZAR4.88B), United Arab Emirates (ZAR4.63B), Oman (ZAR3.67B), Saudi Arabia (ZAR1.66B), and Bahrain (ZAR903M).

Growth In January 2024, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Provision of Ships and Aircraft (ZAR504M or 136%), Eswatini (ZAR191M or 127%), and Botswana (ZAR169M or 17.8%). In January 2024, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from India (ZAR-1.35B or -44.7%), Finland (ZAR-744M or -99.4%), and Special Categories (ZAR-522M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)ZAR494M(12.1%)

IMPORT GROWTH (January 2023 - January 2024)ZAR-4.28B(-18.4%)

MAIN EXPORTER (January 2024)SkilpadsnekZAR1.02B

MAIN DESTINATION (January 2024)BotswanaZAR1.24B

This section shows Refined 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 Refined Petroleum over time.

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