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2022
Exports $27.9MWorld Rnk 43 / 149
Flag Rnk 347 / 1213
2022
Destination $2.79M Zimbabwe
2021 - 2022
FASTEST GROWING MARKET $2.79MZimbabwe
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $618MWorld Rnk 21 / 208
Flag Rnk 26 / 1213
2022
Origin $86.7M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $86.7MIndonesia
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $27.9M in Palm Oil, making it the 43rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 347th most exported product in South Africa. The main destination of Palm Oil exports from South Africa are: Zimbabwe ($15.3M), Zambia ($5.3M), Namibia ($1.72M), Eswatini ($1.67M), and Botswana ($1.49M).

The fastest growing export markets for Palm Oil of South Africa between 2021 and 2022 were Zimbabwe ($2.79M), Botswana ($644k), and Namibia ($380k).

Imports In 2022, South Africa imported $618M in Palm Oil, becoming the 21st largest importer of Palm Oil in the world. At the same year, Palm Oil was the 26th most imported product in South Africa. South Africa imports Palm Oil primarily from: Indonesia ($483M), Malaysia ($132M), Singapore ($971k), Italy ($462k), and Sweden ($295k).

The fastest growing import markets in Palm Oil for South Africa between 2021 and 2022 were Indonesia ($86.7M), Malaysia ($27.5M), and Singapore ($622k).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Palm Oil exports accounted up to ZAR32.8M and imports accounted up to ZAR957M, resulting in a negative trade balance of ZAR925M. Between August 2023 and August 2024 the exports of South Africa's   Palm Oil have decreased by ZAR-2.73M (-7.69%) from ZAR35.5M to ZAR32.8M, while imports increased by ZAR382M (66.3%) from ZAR576M to ZAR957M.

Destinations In August 2024, Palm Oil were exported mostly to Zimbabwe (ZAR16.7M), Eswatini (ZAR7.28M), Zambia (ZAR3.11M), Namibia (ZAR2.53M), and Lesotho (ZAR1.38M), and were imported mostly from Indonesia (ZAR800M), Malaysia (ZAR155M), Spain (ZAR2.23M), Nigeria (ZAR113k), and United Kingdom (ZAR49.5k).

Growth In August 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to Zimbabwe (ZAR-1.95M or -17.4%), Lesotho (ZAR-1.28M or -77.4%), and Namibia (ZAR-531k or -20.2%). In August 2024, the increase in Palm Oil's year-by-year imports was explained primarily by an increase in imports from Malaysia (ZAR29.6M or 51.1%), Nigeria (ZAR23.9k or 92.6%), and Ghana (ZAR12.1k or 317%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR-2.73M(-7.69%)
IMPORT GROWTH (August 2023 - August 2024)ZAR382M(66.3%)
MAIN EXPORTER (August 2024)Beit BridgeZAR24M
MAIN DESTINATION (August 2024)ZimbabweZAR16.7M

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 (2022)$27.9M
IMPORTS (2022)$618M
NET TRADE (2022)-$590M

In 2022, South Africa exported $27.9M in Palm Oil. The main destinations of South Africa exports on Palm Oil were Zimbabwe ($15.3M), Zambia ($5.3M), Namibia ($1.72M), Eswatini ($1.67M), and Botswana ($1.49M).

In 2022, South Africa imported $618M in Palm Oil, mainly from Indonesia ($483M), Malaysia ($132M), Singapore ($971k), Italy ($462k), and Sweden ($295k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Zimbabwe$2.79M (22.3%)
Botswana$644k (76.1%)
Namibia$380k (28.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY South Africa WERE (2021 - 2022):
Eswatini-$2.98M (-64%)
Madagascar-$1.26M (-97.4%)
Zambia-$665k (-11.1%)
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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 Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, South Africa's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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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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