Soybean Oil in South Africa | The Observatory of Economic Complexity

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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

February 2024

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Overview In February 2024 South Africa's Soybean Oil exports accounted up to ZAR187M and imports accounted up to ZAR2.1k, resulting in a positive trade balance of ZAR187M. Between February 2023 and February 2024 the exports of South Africa's Soybean Oil have increased by ZAR67.5M (56.6%) from ZAR119M to ZAR187M, while imports decreased by ZAR-467k (-99.6%) from ZAR469k to ZAR2.1k.

Destinations In February 2024, Soybean Oil were exported mostly to Zimbabwe (ZAR119M), Zambia (ZAR30.7M), Mozambique (ZAR13.2M), Botswana (ZAR8.78M), and Eswatini (ZAR7.9M), and were imported mostly from United Kingdom (ZAR2.1k).

Growth In February 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 February 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)ZAR67.5M(56.6%)

IMPORT GROWTH (January 2023 - February 2024)ZAR-467k(-99.6%)

MAIN EXPORTER (February 2024)Beit BridgeZAR125M

MAIN DESTINATION (February 2024)ZimbabweZAR119M

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

Trade Value

Growth

Growth (%)

Year

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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