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2022
Exports $166MWorld Rnk 13 / 139
Flag Rnk 92 / 1213
2022
Destination $69.2M Malaysia
2021 - 2022
FASTEST GROWING MARKET $69.2MMalaysia
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $3.46MWorld Rnk 91 / 200
Flag Rnk 850 / 1213
2022
Origin $101k Zambia
2021 - 2022
FASTEST GROWING ORIGIN $101kArgentina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $166M in Soybeans, making it the 13th largest exporter of Soybeans in the world. At the same year, Soybeans was the 92nd most exported product in South Africa. The main destination of Soybeans exports from South Africa are: Malaysia ($69.9M), Mozambique ($43.4M), Vietnam ($18.4M), Zimbabwe ($16.3M), and Thailand ($15.2M).

The fastest growing export markets for Soybeans of South Africa between 2021 and 2022 were Malaysia ($69.2M), Mozambique ($38.6M), and Vietnam ($18.4M).

Imports In 2022, South Africa imported $3.46M in Soybeans, becoming the 91st largest importer of Soybeans in the world. At the same year, Soybeans was the 850th most imported product in South Africa. South Africa imports Soybeans primarily from: Zambia ($3M), Argentina ($148k), Tanzania ($125k), Malawi ($56.4k), and Mozambique ($49.5k).

The fastest growing import markets in Soybeans for South Africa between 2021 and 2022 were Argentina ($101k), Tanzania ($101k), and Brazil ($38.2k).

Latest Trends

September 2024

About

Overview In September 2024 South Africa's Soybeans exports accounted up to ZAR169M and imports accounted up to ZAR2.96M, resulting in a positive trade balance of ZAR166M. Between September 2023 and September 2024 the exports of South Africa's   Soybeans have decreased by ZAR-1.49B (-89.9%) from ZAR1.66B to ZAR169M, while imports decreased by ZAR-6.24M (-67.8%) from ZAR9.2M to ZAR2.96M.

Destinations In September 2024, Soybeans were exported mostly to Zimbabwe (ZAR146M), Eswatini (ZAR22.7M), Mozambique (ZAR17.4k), Botswana (ZAR9.09k), and Lesotho (ZAR725), and were imported mostly from Ukraine (ZAR2.69M), China (ZAR251k), Argentina (ZAR14.2k), United States (ZAR2.39k), and Puerto Rico (ZAR1.82k).

Growth In September 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Mozambique (ZAR-3.15M or -66.4%). In September 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)ZAR-1.49B(-89.9%)
IMPORT GROWTH (September 2023 - September 2024)ZAR-6.24M(-67.8%)
MAIN EXPORTER (September 2024)DurbanZAR257M
MAIN DESTINATION (September 2024)ZimbabweZAR146M

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$166M
IMPORTS (2022)$3.46M
NET TRADE (2022)$163M

In 2022, South Africa exported $166M in Soybeans. The main destinations of South Africa exports on Soybeans were Malaysia ($69.9M), Mozambique ($43.4M), Vietnam ($18.4M), Zimbabwe ($16.3M), and Thailand ($15.2M).

In 2022, South Africa imported $3.46M in Soybeans, mainly from Zambia ($3M), Argentina ($148k), Tanzania ($125k), Malawi ($56.4k), and Mozambique ($49.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Malaysia$69.2M (10.3k%)
Mozambique$38.6M (814%)
Vietnam$18.4M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY South Africa WERE (2021 - 2022):
Zambia-$966k (-82.3%)
Zimbabwe-$792k (-4.63%)
Malawi-$770k (-96.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Africa's main exporting competitors in Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, South Africa's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALThailand+ $3.94M
TOP IMPORT POTENTIALArgentina+ $329k

Soybeans’s highest export potential is Thailand. With an export gap of $3.94M.   Soybeans’s highest import potential is Argentina with an import gap of $329k.

See methodology.

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