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2022
Exports $168MWorld Rnk 18 / 152
Flag Rnk 91 / 1213
2022
Destination $26.7M Namibia
2021 - 2022
FASTEST GROWING MARKET $26.7MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $294MWorld Rnk 16 / 211
Flag Rnk 71 / 1213
2022
Origin $125M Bulgaria
2021 - 2022
FASTEST GROWING ORIGIN $125MBulgaria
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $168M in Seed Oils, making it the 18th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 91st most exported product in South Africa. The main destination of Seed Oils exports from South Africa are: Namibia ($45.6M), Botswana ($43.8M), United Arab Emirates ($26.8M), Lesotho ($12.3M), and Spain ($9.07M).

The fastest growing export markets for Seed Oils of South Africa between 2021 and 2022 were United Arab Emirates ($26.7M), Spain ($9.07M), and Netherlands ($7.99M).

Imports In 2022, South Africa imported $294M in Seed Oils, becoming the 16th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 71st most imported product in South Africa. South Africa imports Seed Oils primarily from: Bulgaria ($176M), Romania ($41.4M), Argentina ($22.5M), Spain ($19.8M), and Ukraine ($15.9M).

The fastest growing import markets in Seed Oils for South Africa between 2021 and 2022 were Bulgaria ($125M), Argentina ($22.5M), and Spain ($17.7M).

Latest Trends

August 2024

About

Overview In August 2024 South Africa's Seed Oils exports accounted up to ZAR177M and imports accounted up to ZAR98.7M, resulting in a positive trade balance of ZAR77.9M. Between August 2023 and August 2024 the exports of South Africa's   Seed Oils have increased by ZAR20.9M (13.4%) from ZAR156M to ZAR177M, while imports decreased by ZAR-275M (-73.6%) from ZAR374M to ZAR98.7M.

Destinations In August 2024, Seed Oils were exported mostly to Namibia (ZAR77.8M), Botswana (ZAR60M), Lesotho (ZAR16.4M), Mozambique (ZAR13.6M), and Eswatini (ZAR3.18M), and were imported mostly from Argentina (ZAR86.3M), Turkey (ZAR6.67M), Bulgaria (ZAR3.11M), Ukraine (ZAR1.55M), and Spain (ZAR877k).

Growth In August 2024, the increase in Seed Oils's year-by-year exports was explained primarily by an increase in exports to Namibia (ZAR8.86M or 24.8%), Eswatini (ZAR861k or 98.8%), and Malawi (ZAR204k or 386%). In August 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)ZAR20.9M(13.4%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-275M(-73.6%)
MAIN EXPORTER (August 2024)SkilpadshekZAR87.3M
MAIN DESTINATION (August 2024)NamibiaZAR77.8M

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 (2022)$168M
IMPORTS (2022)$294M
NET TRADE (2022)-$126M

In 2022, South Africa exported $168M in Seed Oils. The main destinations of South Africa exports on Seed Oils were Namibia ($45.6M), Botswana ($43.8M), United Arab Emirates ($26.8M), Lesotho ($12.3M), and Spain ($9.07M).

In 2022, South Africa imported $294M in Seed Oils, mainly from Bulgaria ($176M), Romania ($41.4M), Argentina ($22.5M), Spain ($19.8M), and Ukraine ($15.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
United Arab Emirates$26.7M (260k%)
Spain$9.07M (1.2M%)
Netherlands$7.99M (45.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY South Africa WERE (2021 - 2022):
Saudi Arabia-$628k (-100%)
Mozambique-$620k (-11.3%)
Angola-$290k (-81.3%)
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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 Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, South Africa's main importing competitors in Seed Oils were:
India $2.88B
Turkey $1.84B
Netherlands $1.26B

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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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