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2022
Exports $2.94MWorld Rnk 33 / 153
Flag Rnk 736 / 1213
2022
Destination $315k Vietnam
2021 - 2022
FASTEST GROWING MARKET $315kVietnam
2022
PRODUCT COMPLEXITY IN Insect Resins-2.5Rnk 1019 / 1025
2022
Imports $6.98MWorld Rnk 31 / 197
Flag Rnk 721 / 1213
2022
Origin $259k France
2021 - 2022
FASTEST GROWING ORIGIN $259kGermany
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $2.94M in Insect Resins, making it the 33rd largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 736th most exported product in South Africa. The main destination of Insect Resins exports from South Africa are: Vietnam ($796k), China ($584k), Namibia ($418k), Lithuania ($272k), and United Arab Emirates ($177k).

The fastest growing export markets for Insect Resins of South Africa between 2021 and 2022 were Vietnam ($315k), Lithuania ($272k), and United Arab Emirates ($84.3k).

Imports In 2022, South Africa imported $6.98M in Insect Resins, becoming the 31st largest importer of Insect Resins in the world. At the same year, Insect Resins was the 721st most imported product in South Africa. South Africa imports Insect Resins primarily from: France ($2.73M), China ($1.11M), India ($714k), Germany ($633k), and Singapore ($404k).

The fastest growing import markets in Insect Resins for South Africa between 2021 and 2022 were Germany ($259k), China ($242k), and France ($164k).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Insect Resins exports accounted up to ZAR2.57M and imports accounted up to ZAR8.76M, resulting in a negative trade balance of ZAR6.2M. Between June 2023 and June 2024 the exports of South Africa's   Insect Resins have decreased by ZAR-1.65M (-39.1%) from ZAR4.21M to ZAR2.57M, while imports decreased by ZAR-1.21M (-12.2%) from ZAR9.97M to ZAR8.76M.

Destinations In June 2024, Insect Resins were exported mostly to Vietnam (ZAR1.24M), Portugal (ZAR801k), Zambia (ZAR303k), Namibia (ZAR186k), and Mozambique (ZAR18.6k), and were imported mostly from China (ZAR5.47M), India (ZAR1.23M), United States (ZAR1.04M), Italy (ZAR391k), and France (ZAR363k).

Growth In June 2024, the decrease in Insect Resins's year-by-year exports was explained primarily by a decrease in exports to China (ZAR-322k or -42.7%) and Namibia (ZAR-91.4k or -27.4%). In June 2024, the decrease in Insect Resins's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (ZAR-1.72M or -99.6%), Germany (ZAR-479k or -61.6%), and Singapore (ZAR-62.9k or -29.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR-1.65M(-39.1%)
IMPORT GROWTH (June 2023 - June 2024)ZAR-1.21M(-12.2%)
MAIN EXPORTER (June 2024)DurbanZAR2.93M
MAIN DESTINATION (June 2024)VietnamZAR1.24M

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.94M
IMPORTS (2022)$6.98M
NET TRADE (2022)-$4.04M

In 2022, South Africa exported $2.94M in Insect Resins. The main destinations of South Africa exports on Insect Resins were Vietnam ($796k), China ($584k), Namibia ($418k), Lithuania ($272k), and United Arab Emirates ($177k).

In 2022, South Africa imported $6.98M in Insect Resins, mainly from France ($2.73M), China ($1.11M), India ($714k), Germany ($633k), and Singapore ($404k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Vietnam$315k (65.6%)
Lithuania$272k (1%)
United Arab Emirates$84.3k (90.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY South Africa WERE (2021 - 2022):
Portugal-$115k (-40.4%)
Namibia-$108k (-20.5%)
Argentina-$63.7k (-100%)
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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 Insect Resins were:
Sudan $194M
France $193M
Afghanistan $126M
In 2022, South Africa's main importing competitors in Insect Resins were:
India $260M
United States $157M
France $127M

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $327k
TOP IMPORT POTENTIALIndia+ $405k

Insect Resins’s highest export potential is China. With an export gap of $327k.   Insect Resins’s highest import potential is India with an import gap of $405k.

See methodology.

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