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2023
Exports $2.04BWorld Rnk 53 / 214
Flag Rnk 13 / 1214
2023
Destination $53.3M Botswana
2022 - 2023
FASTEST GROWING MARKET $53.3MEswatini
2023
PRODUCT COMPLEXITY IN Refined Petroleum-0.94Rnk 813 / 1025
2023
Imports $15.4BWorld Rnk 19 / 226
Flag Rnk 1 / 1211
2023
Origin $576M United Arab Emirates
2022 - 2023
FASTEST GROWING ORIGIN $576MBahrain
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $2.04B in Refined Petroleum, making it the 53rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 13th most exported product in South Africa. The main destination of Refined Petroleum exports from South Africa are: Botswana ($773M), Eswatini ($208M), Lesotho ($197M), Zimbabwe ($151M), and Zambia ($140M).

The fastest growing export markets for Refined Petroleum of South Africa between 2022 and 2023 were Eswatini ($53.3M), Zambia ($47.2M), and Singapore ($44.8M).

Imports In 2023, South Africa imported $15.4B 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 ($3.32B), India ($2.63B), Oman ($2.45B), Saudi Arabia ($1.5B), and Bahrain ($1.37B).

The fastest growing import markets in Refined Petroleum for South Africa between 2022 and 2023 were Bahrain ($576M), Qatar ($124M), and Indonesia ($74.9M).

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

November 2024

About

Overview In November 2024 South Africa's Refined Petroleum exports accounted up to ZAR3.3B and imports accounted up to ZAR15.2B, resulting in a negative trade balance of ZAR11.9B. Between November 2023 and November 2024 the exports of South Africa's   Refined Petroleum have decreased by ZAR-1.23B (-27.2%) from ZAR4.53B to ZAR3.3B, while imports decreased by ZAR-8.69B (-36.4%) from ZAR23.9B to ZAR15.2B.

Destinations In November 2024, Refined Petroleum were exported mostly to Botswana (ZAR887M), Provision of Ships and Aircraft (ZAR805M), Eswatini (ZAR295M), Special Categories (ZAR211M), and Lesotho (ZAR204M), and were imported mostly from Oman (ZAR3.77B), India (ZAR3.66B), United Arab Emirates (ZAR2.92B), Bahrain (ZAR1.39B), and Saudi Arabia (ZAR1.35B).

Growth In November 2024, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Namibia (ZAR-126M or -69.2%), Special Categories (ZAR-49.3M or -16.7%), and Unclassified (ZAR-4.34M or -66.2%). In November 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 (November 2023 - November 2024)ZAR-1.23B(-27.2%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-8.69B(-36.4%)
MAIN EXPORTER (November 2024)DurbanZAR1.5B
MAIN DESTINATION (November 2024)BotswanaZAR887M

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 (2023)$2.04B
IMPORTS (2023)$15.4B
NET TRADE (2023)-$13.4B

In 2023, South Africa exported $2.04B in Refined Petroleum. The main destinations of South Africa exports on Refined Petroleum were Botswana ($773M), Eswatini ($208M), Lesotho ($197M), Zimbabwe ($151M), and Zambia ($140M).

In 2023, South Africa imported $15.4B in Refined Petroleum, mainly from United Arab Emirates ($3.32B), India ($2.63B), Oman ($2.45B), Saudi Arabia ($1.5B), and Bahrain ($1.37B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Eswatini$53.3M (34.5%)
Zambia$47.2M (51%)
Singapore$44.8M (492%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY South Africa WERE (2022 - 2023):
Botswana-$292M (-27.4%)
Mauritius-$32.9M (-42.7%)
Democratic Republic of the Congo-$23.5M (-21.6%)
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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 Refined Petroleum were:
United States $107B
Singapore $55.9B
India $55.8B
In 2023, South Africa's main importing competitors in Refined Petroleum were:
United States $68.8B
Singapore $55.7B
Australia $35.3B

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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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