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Where does South Africa get its crude oil? Import sources 2024

In 2024, South Africa imported $5.2 billion of crude oil (8.1 million tonnes), 0.4% of the world total. Its main sources were Nigeria (48%), Saudi Arabia (17%) and Angola (15%). South Africa was the world’s 28th-largest importer of crude oil.

Summary

Value
$5.2billion
Tonnes
8.1million tonnes
Share of world total
0.4%
World rank
28th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 15 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Nigeria2.5Tonnes: 3,910,673USD per tonne: $63047.7%Sea
Saudi Arabia0.87Tonnes: 1,490,908USD per tonne: $58616.9%Sea
Angola0.79Tonnes: 1,231,437USD per tonne: $64215.3%Sea
United States0.43Tonnes: 617,731USD per tonne: $6948.3%Sea
Ghana0.34Tonnes: 502,524USD per tonne: $6756.6%Sea
Algeria0.09Tonnes: 133,913USD per tonne: $7001.8%Sea
Côte d'Ivoire0.09Tonnes: 113,165USD per tonne: $8161.8%Sea
Greece0.08Tonnes: 126,263USD per tonne: $6511.6%Sea
Italy< 0.01Tonnes: 20USD per tonne: $2,1510%Sea
Netherlands re-exports< 0.01Tonnes: 0USD per tonne: $86,6000%Air
Brazil< 0.01Tonnes: 0USD per tonne: $1,2940%Sea
United Kingdom< 0.01Tonnes: 0USD per tonne: $1,0830%Sea
Namibia< 0.01Tonnes: 0USD per tonne: $2,5710%Land
Zambia< 0.01Tonnes: 0USD per tonne: $3,3330%Sea
Turkey< 0.01Tonnes: 0USD per tonne: $2780%Sea

Trend

Who it buys from

Nigeria has been its main source since 2019

Value in USD billions. The five largest sources in 2024.

  • Nigeria 2.5
  • Saudi Arabia 0.87
  • Angola 0.79
  • United States 0.43
  • Ghana 0.34

Source: CEPII BACI

Show the numbers
Partner19952024
Nigeria02.5
Saudi Arabia0.190.87
Angola00.79
United States00.43
Ghana00.34

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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