Palm Oil in South Africa | The Observatory of Economic Complexity

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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

March 2024

About

Overview In March 2024 South Africa's Palm Oil exports accounted up to ZAR30.6M and imports accounted up to ZAR908M, resulting in a negative trade balance of ZAR878M. Between March 2023 and March 2024 the exports of South Africa's Palm Oil have decreased by ZAR-6.89M (-18.4%) from ZAR37.4M to ZAR30.6M, while imports increased by ZAR171M (23.1%) from ZAR737M to ZAR908M.

Destinations In March 2024, Palm Oil were exported mostly to Zimbabwe (ZAR15.9M), Eswatini (ZAR6.41M), Zambia (ZAR3.15M), Botswana (ZAR2.82M), and Namibia (ZAR1.03M), and were imported mostly from Indonesia (ZAR559M), Malaysia (ZAR347M), Spain (ZAR969k), Switzerland (ZAR504k), and Ghana (ZAR74.7k).

Growth In March 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 March 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)ZAR-6.89M(-18.4%)

IMPORT GROWTH (March 2023 - March 2024)ZAR171M(23.1%)

MAIN EXPORTER (March 2024)Beit BridgeZAR24M

MAIN DESTINATION (March 2024)ZimbabweZAR15.9M

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

Trade Value

Growth

Growth (%)

Year

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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