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2022
Exports $125MWorld Rnk 21 / 135
Flag Rnk 119 / 1213
2022
Destination $12.3M Zimbabwe
2021 - 2022
FASTEST GROWING MARKET $12.3MZimbabwe
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $79.6MWorld Rnk 42 / 215
Flag Rnk 232 / 1213
2022
Origin $10.5M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $10.5MArgentina
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $125M in Soybean Oil, making it the 21st largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 119th most exported product in South Africa. The main destination of Soybean Oil exports from South Africa are: Zimbabwe ($67.4M), Zambia ($29.3M), Botswana ($11.3M), Eswatini ($8.39M), and Lesotho ($3.03M).

The fastest growing export markets for Soybean Oil of South Africa between 2021 and 2022 were Zimbabwe ($12.3M), Zambia ($7.42M), and Botswana ($1.08M).

Imports In 2022, South Africa imported $79.6M in Soybean Oil, becoming the 42nd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 232nd most imported product in South Africa. South Africa imports Soybean Oil primarily from: Argentina ($42.3M), Germany ($9.2M), Brazil ($8.88M), Portugal ($8.63M), and Netherlands ($7.55M).

The fastest growing import markets in Soybean Oil for South Africa between 2021 and 2022 were Argentina ($10.5M), Germany ($9.19M), and Brazil ($8.88M).

Latest Trends

September 2024

About

Overview In September 2024 South Africa's Soybean Oil exports accounted up to ZAR143M and imports accounted up to ZAR85.8M, resulting in a positive trade balance of ZAR57.7M. Between September 2023 and September 2024 the exports of South Africa's   Soybean Oil have increased by ZAR14M (10.8%) from ZAR129M to ZAR143M, while imports increased by ZAR49.1M (134%) from ZAR36.6M to ZAR85.8M.

Destinations In September 2024, Soybean Oil were exported mostly to Zimbabwe (ZAR84.3M), Zambia (ZAR25.9M), Botswana (ZAR13.9M), Mozambique (ZAR13.1M), and Lesotho (ZAR3.74M), and were imported mostly from Argentina (ZAR85.7M), Italy (ZAR59.9k), China (ZAR28.8k), United Kingdom (ZAR14.3k), and Spain (ZAR3.07k).

Growth In September 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 September 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from Spain (ZAR36.7k or 80.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)ZAR14M(10.8%)
IMPORT GROWTH (August 2023 - September 2024)ZAR49.1M(134%)
MAIN EXPORTER (September 2024)Beit BridgeZAR185M
MAIN DESTINATION (September 2024)ZimbabweZAR84.3M

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 (2022)$125M
IMPORTS (2022)$79.6M
NET TRADE (2022)$45.6M

In 2022, South Africa exported $125M in Soybean Oil. The main destinations of South Africa exports on Soybean Oil were Zimbabwe ($67.4M), Zambia ($29.3M), Botswana ($11.3M), Eswatini ($8.39M), and Lesotho ($3.03M).

In 2022, South Africa imported $79.6M in Soybean Oil, mainly from Argentina ($42.3M), Germany ($9.2M), Brazil ($8.88M), Portugal ($8.63M), and Netherlands ($7.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Zimbabwe$12.3M (22.2%)
Zambia$7.42M (34%)
Botswana$1.08M (10.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY South Africa WERE (2021 - 2022):
Madagascar-$225k (-86.4%)
Angola-$151k (-92.9%)
Tanzania-$88k (-99.1%)
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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 Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, South Africa's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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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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