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2023
Exports $616kWorld Rnk 17 / 104
Flag Rnk 981 / 1214
2023
Destination $17.9k Somalia
2022 - 2023
FASTEST GROWING MARKET $17.9kUnited Kingdom
2023
Imports $1.1MWorld Rnk 56 / 185
Flag Rnk 976 / 1211
2023
Origin $90.5k Italy
2022 - 2023
FASTEST GROWING ORIGIN $90.5kSpain
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $616k in Olive Oil, making it the 17th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 981st most exported product in South Africa. The main destination of Olive Oil exports from South Africa are: Somalia ($298k), Yemen ($211k), Eswatini ($31.4k), Botswana ($27.7k), and United Kingdom ($17.9k).

The fastest growing export markets for Olive Oil of South Africa between 2022 and 2023 were United Kingdom ($17.9k), Eswatini ($11.2k), and Namibia ($6.22k).

Imports In 2023, South Africa imported $1.1M in Olive Oil, becoming the 56th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 976th most imported product in South Africa. South Africa imports Olive Oil primarily from: Italy ($621k), Spain ($416k), Portugal ($26.6k), Australia ($25.6k), and Greece ($6.75k).

The fastest growing import markets in Olive Oil for South Africa between 2022 and 2023 were Spain ($90.5k), Portugal ($19.1k), and China ($265).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Olive Oil exports accounted up to ZAR4.54M and imports accounted up to ZAR5.6M, resulting in a negative trade balance of ZAR1.06M. Between November 2023 and November 2024 the exports of South Africa's   Olive Oil have increased by ZAR3.2M (237%) from ZAR1.35M to ZAR4.54M, while imports increased by ZAR4.4M (366%) from ZAR1.2M to ZAR5.6M.

Destinations In November 2024, Olive Oil were exported mostly to Somalia (ZAR2.45M), Yemen (ZAR1.3M), Zimbabwe (ZAR689k), Botswana (ZAR41.8k), and Eswatini (ZAR32.5k), and were imported mostly from Italy (ZAR3.31M), Spain (ZAR1.6M), United States (ZAR548k), and Greece (ZAR139k).

Growth In November 2024, the increase in Olive Oil's year-by-year exports was explained primarily by an increase in exports to Botswana (ZAR13.3k or 27.7%) and Lesotho (ZAR3.91k or 182%). In November 2024, the increase in Olive Oil's year-by-year imports was explained primarily by an increase in imports from Spain (ZAR547k or 208%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR3.2M(237%)
IMPORT GROWTH (October 2023 - November 2024)ZAR4.4M(366%)
MAIN EXPORTER (November 2024)DurbanZAR3.74M
MAIN DESTINATION (November 2024)SomaliaZAR2.45M

This section shows Olive 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 Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$616k
IMPORTS (2023)$1.1M
NET TRADE (2023)-$481k

In 2023, South Africa exported $616k in Olive Oil. The main destinations of South Africa exports on Olive Oil were Somalia ($298k), Yemen ($211k), Eswatini ($31.4k), Botswana ($27.7k), and United Kingdom ($17.9k).

In 2023, South Africa imported $1.1M in Olive Oil, mainly from Italy ($621k), Spain ($416k), Portugal ($26.6k), Australia ($25.6k), and Greece ($6.75k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
United Kingdom$17.9k (1%)
Eswatini$11.2k (55.3%)
Namibia$6.22k (66.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY South Africa WERE (2022 - 2023):
Yemen-$208k (-49.7%)
Netherlands-$57.9k (-99.6%)
Zambia-$45.4k (-85.4%)
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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 Olive Oil were:
Spain $320M
Greece $120M
Italy $114M
In 2023, South Africa's main importing competitors in Olive Oil were:
Spain $187M
Italy $96.9M
United States $55.4M

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALKuwait+ $3.32k
TOP IMPORT POTENTIALSpain+ $108k

Olive Oil’s highest export potential is Kuwait. With an export gap of $3.32k.   Olive Oil’s highest import potential is Spain with an import gap of $108k.

See methodology.

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