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2022
Exports $2.6MWorld Rnk 44 / 123
Flag Rnk 759 / 1213
2022
Destination $433k Angola
2021 - 2022
FASTEST GROWING MARKET $433kAngola
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $28MWorld Rnk 43 / 197
Flag Rnk 434 / 1213
2022
Origin $2.08M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.08MFrance
2022
ECONOMIC COMPLEXITY of South Africa0.076Rnk 59 / 133

About

Exports In 2022, South Africa exported $2.6M in Petroleum Resins, making it the 44th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 759th most exported product in South Africa. The main destination of Petroleum Resins exports from South Africa are: Angola ($1.1M), Namibia ($681k), Zimbabwe ($166k), Nigeria ($128k), and Democratic Republic of the Congo ($66.8k).

The fastest growing export markets for Petroleum Resins of South Africa between 2021 and 2022 were Angola ($433k), Namibia ($407k), and Democratic Republic of the Congo ($66.5k).

Imports In 2022, South Africa imported $28M in Petroleum Resins, becoming the 43rd largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 434th most imported product in South Africa. South Africa imports Petroleum Resins primarily from: Germany ($8.43M), France ($6.37M), China ($5.24M), Italy ($2.25M), and Netherlands ($1.47M).

The fastest growing import markets in Petroleum Resins for South Africa between 2021 and 2022 were France ($2.08M), Italy ($1.13M), and Netherlands ($623k).

Latest Trends

June 2024

About

Overview In June 2024 South Africa's Petroleum Resins exports accounted up to ZAR666k and imports accounted up to ZAR35.8M, resulting in a negative trade balance of ZAR35.1M. Between June 2023 and June 2024 the exports of South Africa's   Petroleum Resins have decreased by ZAR-11.3M (-94.4%) from ZAR12M to ZAR666k, while imports increased by ZAR3.68M (11.5%) from ZAR32.1M to ZAR35.8M.

Destinations In June 2024, Petroleum Resins were exported mostly to Mozambique (ZAR186k), Zimbabwe (ZAR180k), Namibia (ZAR153k), Zambia (ZAR60k), and Kenya (ZAR41k), and were imported mostly from Germany (ZAR14.8M), China (ZAR6.16M), France (ZAR3.58M), South Korea (ZAR2.94M), and Japan (ZAR1.71M).

Growth In June 2024, the decrease in Petroleum Resins's year-by-year exports was explained primarily by a decrease in exports to Eswatini (ZAR-93.3k or -97.8%) and Zimbabwe (ZAR-1.26k or -0.23%). In June 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from Germany (ZAR3.12M or 29.1%), Italy (ZAR344k or 28.9%), and Japan (ZAR260k or 90.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)ZAR-11.3M(-94.4%)
IMPORT GROWTH (June 2023 - June 2024)ZAR3.68M(11.5%)
MAIN EXPORTER (June 2024)Groblers BridgeZAR1.37M
MAIN DESTINATION (June 2024)MozambiqueZAR186k

This section shows Petroleum 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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.6M
IMPORTS (2022)$28M
NET TRADE (2022)-$25.4M

In 2022, South Africa exported $2.6M in Petroleum Resins. The main destinations of South Africa exports on Petroleum Resins were Angola ($1.1M), Namibia ($681k), Zimbabwe ($166k), Nigeria ($128k), and Democratic Republic of the Congo ($66.8k).

In 2022, South Africa imported $28M in Petroleum Resins, mainly from Germany ($8.43M), France ($6.37M), China ($5.24M), Italy ($2.25M), and Netherlands ($1.47M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR South Africa WERE (2021 - 2022):
Angola$433k (65.4%)
Namibia$407k (148%)
Democratic Republic of the Congo$66.5k (22.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY South Africa WERE (2021 - 2022):
Singapore-$71.4k (-68.2%)
Turkey-$62.1k (-100%)
United Arab Emirates-$54.8k (-99.6%)
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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 Petroleum Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, South Africa's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $79.1k
TOP IMPORT POTENTIALChina+ $2.3M

Petroleum Resins’s highest export potential is United Kingdom. With an export gap of $79.1k.   Petroleum Resins’s highest import potential is China with an import gap of $2.3M.

See methodology.

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