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2022
Exports $2.1BWorld Rnk 49 / 214
Flag Rnk 12 / 1213
2022
Destination $358M Botswana
2021 - 2022
FASTEST GROWING MARKET $358MBotswana
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $17.1BWorld Rnk 19 / 225
Flag Rnk 1 / 1213
2022
Origin $2.31B United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $2.31BUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $2.1B in Refined Petroleum, making it the 49th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 12th most exported product in South Africa. The main destination of Refined Petroleum exports from South Africa are: Botswana ($1.03B), Lesotho ($220M), Eswatini ($166M), Democratic Republic of the Congo ($111M), and Zambia ($98.2M).

The fastest growing export markets for Refined Petroleum of South Africa between 2021 and 2022 were Botswana ($358M), Lesotho ($61.1M), and Eswatini ($48.2M).

Imports In 2022, South Africa imported $17.1B in Refined Petroleum, becoming the 19th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in South Africa. South Africa imports Refined Petroleum primarily from: United Arab Emirates ($3.56B), India ($3.51B), Saudi Arabia ($2.07B), Turkey ($1.09B), and Malaysia ($819M).

The fastest growing import markets in Refined Petroleum for South Africa between 2021 and 2022 were United Arab Emirates ($2.31B), India ($2.28B), and Turkey ($886M).

COMPANIES In 2023, leading companies such as Classic Fruit Company (1) were at the forefront of shipping Refined Petroleum from South Africa to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Refined Petroleum exports accounted up to ZAR4.98B and imports accounted up to ZAR15.7B, resulting in a negative trade balance of ZAR10.7B. Between August 2023 and August 2024 the exports of South Africa's   Refined Petroleum have increased by ZAR226M (4.76%) from ZAR4.76B to ZAR4.98B, while imports decreased by ZAR-5.89B (-27.3%) from ZAR21.6B to ZAR15.7B.

Destinations In August 2024, Refined Petroleum were exported mostly to Provision of Ships and Aircraft (ZAR1.1B), Botswana (ZAR888M), United Arab Emirates (ZAR348M), Eswatini (ZAR300M), and Liberia (ZAR255M), and were imported mostly from India (ZAR5.3B), Oman (ZAR3.49B), United Arab Emirates (ZAR1.97B), Kuwait (ZAR1.81B), and Bahrain (ZAR1.25B).

Growth In August 2024, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Provision of Ships and Aircraft (ZAR504M or 136%), Eswatini (ZAR191M or 127%), and Botswana (ZAR169M or 17.8%). In August 2024, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from India (ZAR-1.35B or -44.7%), Finland (ZAR-744M or -99.4%), and Special Categories (ZAR-522M or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR226M(4.76%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-5.89B(-27.3%)
MAIN EXPORTER (August 2024)DurbanZAR1.5B
MAIN DESTINATION (August 2024)Provision of Ships and AircraftZAR1.1B

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.1B
IMPORTS (2022)$17.1B
NET TRADE (2022)-$15B

In 2022, South Africa exported $2.1B in Refined Petroleum. The main destinations of South Africa exports on Refined Petroleum were Botswana ($1.03B), Lesotho ($220M), Eswatini ($166M), Democratic Republic of the Congo ($111M), and Zambia ($98.2M).

In 2022, South Africa imported $17.1B in Refined Petroleum, mainly from United Arab Emirates ($3.56B), India ($3.51B), Saudi Arabia ($2.07B), Turkey ($1.09B), and Malaysia ($819M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Botswana$358M (53.3%)
Lesotho$61.1M (38.4%)
Eswatini$48.2M (40.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY South Africa WERE (2021 - 2022):
Namibia-$28.3M (-34.6%)
United Arab Emirates-$19.3M (-87.4%)
Tanzania-$5.31M (-40%)
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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 Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, South Africa's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $64.9M
TOP IMPORT POTENTIALIndia+ $534M

Refined Petroleum’s highest export potential is United States. With an export gap of $64.9M.   Refined Petroleum’s highest import potential is India with an import gap of $534M.

See methodology.

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