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2023
Exports $94.9MWorld Rnk 18 / 137
Flag Rnk 139 / 1214
2023
Destination $1.18M Zimbabwe
2022 - 2023
FASTEST GROWING MARKET $1.18MMauritius
2023
PRODUCT COMPLEXITY IN Soybean Oil-0.85Rnk 795 / 1025
2023
Imports $35.6MWorld Rnk 50 / 212
Flag Rnk 352 / 1211
2023
Origin $5.14M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $5.14MNetherlands
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $94.9M in Soybean Oil, making it the 18th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 139th most exported product in South Africa. The main destination of Soybean Oil exports from South Africa are: Zimbabwe ($69.2M), Zambia ($8.24M), Eswatini ($6.86M), Botswana ($4.72M), and Mozambique ($2.58M).

The fastest growing export markets for Soybean Oil of South Africa between 2022 and 2023 were Mauritius ($1.18M), Namibia ($265k), and Malawi ($27.7k).

Imports In 2023, South Africa imported $35.6M in Soybean Oil, becoming the 50th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 352nd most imported product in South Africa. South Africa imports Soybean Oil primarily from: Netherlands ($23.6M), Brazil ($9.74M), Zambia ($1.24M), Mozambique ($896k), and Eswatini ($40.7k).

The fastest growing import markets in Soybean Oil for South Africa between 2022 and 2023 were Netherlands ($5.14M), Zambia ($1.24M), and Brazil ($860k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Soybean Oil exports accounted up to ZAR115M and imports accounted up to ZAR837k, resulting in a positive trade balance of ZAR114M. Between November 2023 and November 2024 the exports of South Africa's   Soybean Oil have increased by ZAR9.78M (9.29%) from ZAR105M to ZAR115M, while imports decreased by ZAR-217M (-99.6%) from ZAR218M to ZAR837k.

Destinations In November 2024, Soybean Oil were exported mostly to Zimbabwe (ZAR54.4M), Mozambique (ZAR14.5M), Eswatini (ZAR12.9M), Lesotho (ZAR10.9M), and Zambia (ZAR10.5M), and were imported mostly from Eswatini (ZAR823k), China (ZAR12.6k), and United States (ZAR1.35k).

Growth In November 2024, the increase in Soybean Oil's year-by-year exports was explained primarily by an increase in exports to Malawi (ZAR3.59M or 153k%), Democratic Republic of the Congo (ZAR1.78M or 26k%), and Mozambique (ZAR420k or 17.9%). In November 2024, the decrease in Soybean Oil's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR9.78M(9.29%)
IMPORT GROWTH (October 2023 - November 2024)ZAR-217M(-99.6%)
MAIN EXPORTER (November 2024)Beit BridgeZAR185M
MAIN DESTINATION (November 2024)ZimbabweZAR54.4M

This section shows Soybean 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 Soybean Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$94.9M
IMPORTS (2023)$35.6M
NET TRADE (2023)$59.3M

In 2023, South Africa exported $94.9M in Soybean Oil. The main destinations of South Africa exports on Soybean Oil were Zimbabwe ($69.2M), Zambia ($8.24M), Eswatini ($6.86M), Botswana ($4.72M), and Mozambique ($2.58M).

In 2023, South Africa imported $35.6M in Soybean Oil, mainly from Netherlands ($23.6M), Brazil ($9.74M), Zambia ($1.24M), Mozambique ($896k), and Eswatini ($40.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Mauritius$1.18M (1%)
Namibia$265k (40.5%)
Malawi$27.7k (161%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY South Africa WERE (2022 - 2023):
Zambia-$31.3M (-79.2%)
Zimbabwe-$12.9M (-15.7%)
Lesotho-$1.15M (-68.5%)
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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 Soybean Oil were:
Argentina $4.39B
Brazil $2.6B
Netherlands $608M
In 2023, South Africa's main importing competitors in Soybean Oil were:
India $3.59B
China $772M
Bangladesh $694M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMozambique+ $556k
TOP IMPORT POTENTIALBrazil+ $6.06M

Soybean Oil’s highest export potential is Mozambique. With an export gap of $556k.   Soybean Oil’s highest import potential is Brazil with an import gap of $6.06M.

See methodology.

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