Mineral Fuels Export of South Africa: The Trade Analysis of 2024

South Africa, situated at the southern tip of the African continent, is bordered by Namibia, Botswana, Zimbabwe, and Mozambique in the northwest, northeast, and east directions. It has been thriving as a leading exporter of mineral fuels in the international trade market. The enhanced trade logistics have recorded a 10% increase over the year in trade of mineral fuels. South Africa Import Data says that the growing LPG demand in the region has also been pivotal for the hike in export growth. The infrastructure resolution and sector recovery have eased the complications of the transport, while shifting the volumes towards the global standards. The refinery capabilities have continued to recover the trade trends for maintaining an alignment with the competitive global market.

The upward trajectory of the global demand for the mineral fuels of South Africa and the efficient client engagement in specific sectors has resulted in an export trade value of mineral fuels worth 22 billion US dollars from South Africa in 2024. Import Globals a real-time data provider with South Africa trade data helps you with the latest regulatory movements of the mineral fuels trade in the region. Subscribe to Import Globals to get in-depth information on the competitors’ engagement in specific categories, which is valuable for making informed decisions based on global market fluctuations.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF MINERAL FUELS FROM SOUTH AFRICA

The government-led reforms and infrastructure investments have been a crucial factor behind the increasing productivity of South Africa in the international trade market. The railway and port logistics improvement via different operations has improved the transportation infrastructure. The initiative has contributed to a 10% increase in coal exports. The Upstream Petroleum Resources Development Act under the Ministry of South Africa has mandated the formation of the National Petroleum Company for proper management of the state interest while fueling the supply capabilities.

The Petroleum Products Amendment Bill, introduced in 2024, enforces transformation goals while strengthening regulatory compliance in the liquid fuel sector. It has facilitated broader participation while capacity building for exporters. The refinery capacity expansion and clean fuel upgrades have boosted the domestic production ability while supporting the export-grade fuel production.

THE LEADING VARIANTS OF MINERAL FUELS EXPORTED FROM SOUTH AFRICA IN 2024

Mineral fuels have played a crucial role in the export economy of South Africa due to the growing global demand. The country has constructed its focus on the trade of a specific category due to the hike in revenue share. According to the South Africa Export Data, the top 10 leading variants of mineral fuels exported from the nation in 2024 are,

  1. Coal briquettes — The export trade value of Coal briquettes from South Africa in 2024–5.43 billion US dollars
  2. Petroleum oils- The export trade value of Petroleum oils from South Africa in 2024–4.78 billion US dollars
  3. Paraffin wax- The export trade value of Paraffin wax from South Africa in 2024–3.54 billion US dollars
  4. Petroleum jelly- The export trade value of Petroleum jelly from South Africa in 2024–2.78 billion US dollars
  5. Coke- The export trade value of Coke from South Africa in 2024–2.12 billion US dollars
  6. Bituminous minerals- The export trade value of Bituminous minerals from South Africa in 2024–1.89 billion US dollars
  7. Lignite- The export trade value of Lignite from South Africa in 2024–1.64 billion US dollars
  8. Coal tar- The export trade value of Coal tar from South Africa in 2024–1.21 billion US dollars
  9. Oils and other distillation products — The export trade value of Oils and other distillation products from South Africa in 2024–1 billion US dollars
  10. Peat- The export trade value of Peat from South Africa in 2024–765 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF SOUTH AFRICA IN 2024

South Africa, being an active trader of mineral fuels in the international trade market, has come a long way in building up supply chains and trade gaps with its topmost competitors. According to the South Africa Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. India — The annual valuation of mineral fuels exported from South Africa to India in 2024–4.53 billion US dollars

Top 5 variants of mineral fuels exported

1. Light crude oil

2. Medium crude oil

3. Heavy crude oil

4. Sweet crude oil

5. Sour crude oil

2. Botswana — The annual valuation of mineral fuels exported from South Africa to Botswana in 2024–3.78 billion US dollars

Top 5 variants of mineral fuels exported

1. Brent crude

2. WTI crude

3. Dubai crude

4. Murban crude

5. Basrah Light crude

3. Mozambique — The annual valuation of mineral fuels exported from South Africa to Mozambique in 2024–2.89 billion US dollars

Top 5 variants of mineral fuels exported

1. Butane

2. Propane

3. Ethane

4. Methane

5. Synthetic natural gas

4. UAE — The annual valuation of mineral fuels exported from South Africa to the UAE in 2024–1.78 billion US dollars

Top 5 variants of mineral fuels exported

1. Anthracite coal

2. Bituminous coal

3. Sub-bituminous coal

4. Lignite (brown coal)

5. Coking coal

5. Pakistan — The annual valuation of mineral fuels exported from South Africa to Pakistan in 2024–1.44 billion US dollars

Top 5 variants of mineral fuels exported

1. Thermal coal

2. Metallurgical coal

3. Pulverized coal

4. Coal briquettes

5. Coal gas

6. Japan — The annual valuation of mineral fuels exported from South Africa to Japan in 2024–1 billion US dollars

Top 5 variants of mineral fuels exported

1. Calcined petroleum coke

2. Needle coke

3. Coal tar

4. Pitch (coal tar pitch)

5. Ammoniacal liquor

7. South Korea — The annual valuation of mineral fuels exported from South Africa to South Korea in 2024–987 million US dollars

Top 5 variants of mineral fuels exported

1. Oil shale

2. Oil sands

3. Shale gas

4. Tight oil

5. Orimulsion

8. Switzerland — The annual valuation of mineral fuels exported from South Africa to Switzerland in 2024–765 million US dollars

Top 5 variants of mineral fuels exported

1. Residual fuel oil

2. Straight-run gasoline

3. Catalytic cracker feedstock

4. Alkylate

5. Isomerate

9. Zimbabwe — The annual valuation of mineral fuels exported from South Africa to Zimbabwe in 2024–654 million US dollars

Top 5 variants of mineral fuels exported

1. White spirit

2. Mineral turpentine

3. Transformer oil

4. Insulating oil

5. Cutting oil

10. Namibia — The annual valuation of mineral fuels exported from South Africa to Namibia in 2024–432 million US dollars

Top 5 variants of mineral fuels exported

1. Methanol-blended fuel

2. Hydrogen-enriched natural gas

3. Syngas (synthetic gas)

4. Bio-coal

5. Bio-methane

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