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2022
Exports $2.02MWorld Rnk 59 / 136
Flag Rnk 805 / 1213
2022
Destination $336k Namibia
2021 - 2022
FASTEST GROWING MARKET $336kNamibia
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
Imports $3.84MWorld Rnk 39 / 193
Flag Rnk 826 / 1213
2022
Origin $1.19M Mozambique
2021 - 2022
FASTEST GROWING ORIGIN $1.19MMozambique
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $2.02M in Molasses, making it the 59th largest exporter of Molasses in the world. At the same year, Molasses was the 805th most exported product in South Africa. The main destination of Molasses exports from South Africa are: Namibia ($1.24M), Botswana ($464k), Zimbabwe ($52.6k), Kenya ($48.8k), and Argentina ($47.9k).

The fastest growing export markets for Molasses of South Africa between 2021 and 2022 were Namibia ($336k), Botswana ($46.4k), and Zimbabwe ($9.24k).

Imports In 2022, South Africa imported $3.84M in Molasses, becoming the 39th largest importer of Molasses in the world. At the same year, Molasses was the 826th most imported product in South Africa. South Africa imports Molasses primarily from: Mozambique ($2.58M), Zambia ($1.11M), Switzerland ($81.5k), China ($31.9k), and India ($20.6k).

The fastest growing import markets in Molasses for South Africa between 2021 and 2022 were Mozambique ($1.19M), Switzerland ($10.8k), and India ($5.15k).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Molasses exports accounted up to ZAR4.88M and imports accounted up to ZAR13M, resulting in a negative trade balance of ZAR8.13M. Between August 2023 and August 2024 the exports of South Africa's   Molasses have increased by ZAR2.05M (72.3%) from ZAR2.83M to ZAR4.88M, while imports increased by ZAR7.91M (155%) from ZAR5.1M to ZAR13M.

Destinations In August 2024, Molasses were exported mostly to Namibia (ZAR2.22M), Botswana (ZAR1.78M), Argentina (ZAR468k), Australia (ZAR135k), and United States (ZAR113k), and were imported mostly from Mozambique (ZAR9.67M), Zambia (ZAR3.19M), Botswana (ZAR104k), Malawi (ZAR29.9k), and Eswatini (ZAR7.12k).

Growth In August 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 August 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 (August 2023 - August 2024)ZAR2.05M(72.3%)
IMPORT GROWTH (August 2023 - August 2024)ZAR7.91M(155%)
MAIN EXPORTER (August 2024)DurbanZAR2.83M
MAIN DESTINATION (August 2024)NamibiaZAR2.22M

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 (2022)$2.02M
IMPORTS (2022)$3.84M
NET TRADE (2022)-$1.83M

In 2022, South Africa exported $2.02M in Molasses. The main destinations of South Africa exports on Molasses were Namibia ($1.24M), Botswana ($464k), Zimbabwe ($52.6k), Kenya ($48.8k), and Argentina ($47.9k).

In 2022, South Africa imported $3.84M in Molasses, mainly from Mozambique ($2.58M), Zambia ($1.11M), Switzerland ($81.5k), China ($31.9k), and India ($20.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Namibia$336k (37.1%)
Botswana$46.4k (11.1%)
Zimbabwe$9.24k (21.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY South Africa WERE (2021 - 2022):
Thailand-$1.68M (-100%)
Bangladesh-$54k (-77.5%)
Argentina-$46.1k (-49.1%)
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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 Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, South Africa's main importing competitors in Molasses were:
United States $180M
United Kingdom $135M
Netherlands $112M

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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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