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2023
Exports $91.1MWorld Rnk 22 / 150
Flag Rnk 145 / 1214
2023
Destination $762k Botswana
2022 - 2023
FASTEST GROWING MARKET $762kZimbabwe
2023
PRODUCT COMPLEXITY IN Seed Oils-0.97Rnk 825 / 1025
2023
Imports $172MWorld Rnk 21 / 216
Flag Rnk 102 / 1211
2023
Origin $42.6M Bulgaria
2022 - 2023
FASTEST GROWING ORIGIN $42.6MNetherlands
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $91.1M in Seed Oils, making it the 22nd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 145th most exported product in South Africa. The main destination of Seed Oils exports from South Africa are: Botswana ($37.9M), Namibia ($32.3M), Lesotho ($8.48M), Eswatini ($2.4M), and Zimbabwe ($2.37M).

The fastest growing export markets for Seed Oils of South Africa between 2022 and 2023 were Zimbabwe ($762k), Ethiopia ($422k), and Malawi ($421k).

Imports In 2023, South Africa imported $172M in Seed Oils, becoming the 21st largest importer of Seed Oils in the world. At the same year, Seed Oils was the 102nd most imported product in South Africa. South Africa imports Seed Oils primarily from: Bulgaria ($72.1M), Netherlands ($42.7M), Argentina ($35.4M), Romania ($13.1M), and Portugal ($5.91M).

The fastest growing import markets in Seed Oils for South Africa between 2022 and 2023 were Netherlands ($42.6M), Argentina ($13M), and Portugal ($5.86M).

Latest Trends

December 2024

About

Overview In December 2024 South Africa's Seed Oils exports accounted up to ZAR168M and imports accounted up to ZAR454M, resulting in a negative trade balance of ZAR286M. Between December 2023 and December 2024 the exports of South Africa's   Seed Oils have increased by ZAR35.5M (26.8%) from ZAR133M to ZAR168M, while imports increased by ZAR147M (47.8%) from ZAR307M to ZAR454M.

Destinations In December 2024, Seed Oils were exported mostly to Namibia (ZAR60.6M), Botswana (ZAR55M), Lesotho (ZAR25.3M), Mozambique (ZAR11.9M), and Eswatini (ZAR4.4M), and were imported mostly from Bulgaria (ZAR301M), Romania (ZAR140M), Spain (ZAR6.97M), Poland (ZAR6.36M), and Hungary (ZAR334k).

Growth In December 2024, the increase in Seed Oils's year-by-year exports was explained primarily by an increase in exports to Mozambique (ZAR3.92M or 307%), Lesotho (ZAR2.85M or 42.2%), and Botswana (ZAR994k or 3.58%). In December 2024, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from Spain (ZAR1.15M or 275%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)ZAR35.5M(26.8%)
IMPORT GROWTH (December 2023 - December 2024)ZAR147M(47.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)NamibiaZAR60.6M

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$91.1M
IMPORTS (2023)$172M
NET TRADE (2023)-$80.5M

In 2023, South Africa exported $91.1M in Seed Oils. The main destinations of South Africa exports on Seed Oils were Botswana ($37.9M), Namibia ($32.3M), Lesotho ($8.48M), Eswatini ($2.4M), and Zimbabwe ($2.37M).

In 2023, South Africa imported $172M in Seed Oils, mainly from Bulgaria ($72.1M), Netherlands ($42.7M), Argentina ($35.4M), Romania ($13.1M), and Portugal ($5.91M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Zimbabwe$762k (47.3%)
Ethiopia$422k (51.3%)
Malawi$421k (117%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY South Africa WERE (2022 - 2023):
United Arab Emirates-$26.7M (-99.9%)
Namibia-$12M (-27.1%)
Botswana-$11.9M (-24%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, South Africa's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

Explore Visualizations

Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $4.51M
TOP IMPORT POTENTIALUkraine+ $9.49M

Seed Oils’s highest export potential is Spain. With an export gap of $4.51M.   Seed Oils’s highest import potential is Ukraine with an import gap of $9.49M.

See methodology.

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