South Africa Balance of Trade 1957-2015 | Data | Chart | Calendar

South Africa posted a ZAR -0.40 billion deficit in July of 2015 from a downwardly revised ZAR 5.50 billion surplus a month earlier, as exports expanded at a slower pace than imports. Balance of Trade in South Africa averaged -442.57 ZAR Million from 1957 until 2015, reaching an all time high of 10327.90 ZAR Million in December of 2010 and a record low of -24487.20 ZAR Million in January of 2013. Balance of Trade in South Africa is reported by the South African Revenue Service.

South Africa Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-397.36 5803.62 10327.90 -24487.20 1957 - 2015 ZAR Million Monthly
Since 2012, South Africa has been posting trade deficits mainly due to higher imports of fuel and high value added goods while exports have been hurt by´several strikes in key mining sectors. In 2013, the biggest trade deficits were recorded with Saudi Arabia, China, India, Germany and Nigeria and the biggest trade surpluses with Botswana, Namibia, Zambia, Mozambique, Zimbabwe, the Netherlands and the United States. This page provides the latest reported value for - South Africa Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - South Africa Balance of Trade - was last refreshed on Wednesday, September 2, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-30 01:00 PM May ZAR4.99B ZAR-1.44B(R) ZAR -3.5B -5.5B
2015-07-31 01:00 PM Jun ZAR5.8B ZAR4.94B(R) ZAR 4.1B 0B
2015-08-31 01:00 PM Jul ZAR-0.4B ZAR5.5B ZAR 1.5B ZAR-3.2B
2015-09-30 01:00 PM Aug ZAR-0.4B ZAR-1.6B
2015-10-30 12:00 PM Sep 0.5B
2015-11-30 12:00 PM Oct -2.3B


South Africa Reports Trade Deficit in July


South Africa posted a ZAR -0.40 billion deficit in July of 2015 from a downwardly revised ZAR 5.50 billion surplus a month earlier, as exports expanded at a slower pace than imports.

Exports grew by ZAR 4.26 billion or 4.7 percent to ZAR 94.21 billion, mainly due to higher sales of wood pulp and paper (+39 percent), base metals (+17.3 percent) and mineral products (+16.1 percent). Also, shipments of machinery and electronics went up by 6.3 percent. By contrast, precious metals and stones sales fell 5.4 percent. The major destinations of South African shipments were China (10 percent of total exports), the US (7.8 percent), Germany (6.4 percent), Namibia (5.1 percent) and Japan (4.5 percent).

Imports increased by ZAR 10.14 billion or 12 percent to ZAR 94.61 billion, as vehicle and transport equipment; and equipment components purchases increased by 20.1 percent and 19 percent, respectively. Also, imports of mineral products went up by 12.7 percent; purchases of chemical products expanded by 12.6 percent; and imports of machinery and electronics grew 5 percent. The main sources of imports to the country were China (17.9 percent of total imports), Germany (12.6 percent), the US (6.5 percent), India (5.7 percent) and Japan (3.8 percent).

So far this year, the trade deficit narrowed 52.7 percent to ZAR 25.23 billion compared to ZAR 53.37 million a year earlier. 

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a ZAR 9.22 billion deficit in July. 

South African Revenue Service | joana.ferreira@tradingeconomics.com
8/31/2015 2:23:36 PM


Recent Releases

South Africa Trade Surplus Widens To 6-Month High in June
South African trade surplus increased to ZAR 5.80 billion in June of 2015 from a downwardly revised ZAR 4.94 billion surplus a month earlier, as exports expanded at a faster pace than imports.
Published on 2015-07-31

South Africa Posts Trade Surplus in May
South Africa trade balance swung into a ZAR 4.99 billion trade surplus in May of 2015 from an upwardly revised ZAR 1.45 billion deficit in April. It is the highest surplus this year due to a surge in exports.
Published on 2015-06-30

South Africa Trade Deficit Widens in April
South African trade gap increased to ZAR 2.51 billion in April of 2015 from a revised ZAR 0.01 billion shortfall a month earlier as exports were down 7.5 percent and imports declined at a slower 4.8 percent.
Published on 2015-05-29

South Africa Trade Balance Swings to Surplus
South Africa posted a ZAR 483 million trade surplus in March of 2015, compared to a revised ZAR 8.7 billion deficit in February due to a surge in exports of precious metals and stones.
Published on 2015-04-30


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -397.36 5803.62 10327.90 -24487.20 ZAR Million [+]
Exports 94213.12 89948.50 94213.12 55.80 ZAR Million [+]
Imports 94610.48 84469.22 110321.85 66.10 ZAR Million [+]
Current Account -188675.00 -198477.00 15627.00 -231981.00 ZAR Million [+]
Current Account to GDP -5.40 -5.80 6.00 -7.50 percent [+]
External Debt 144406.00 145082.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1169290.00 1235571.00 1536881.00 37430.00 [+]
Gold Reserves 125.19 125.19 183.51 123.48 Tonnes [+]
Crude Oil Production 3.00 3.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1695.00 1684.00 1719.00 1.00 ZAR Billion [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2933.00 Jun/15 -2677.00 2254.00 -4156.00 AUD Million [+]
Brazil 2689.00 Aug/15 2379.00 5659.37 -4058.14 USD Million [+]
Canada -476.00 Jun/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 430.25 Jul/15 465.36 606.19 -319.71 USD Hundred Million [+]
Euro Area 26368.70 Jun/15 18800.00 26368.70 -16748.10 EUR Million [+]
France -2658.00 Jun/15 -3999.00 2674.00 -7086.00 EUR Million [+]
Germany 24038.00 Jun/15 19522.00 24038.00 -535.91 EUR Million [+]
India -12812.46 Jul/15 -10830.00 258.90 -20210.90 USD Million [+]
Indonesia 1330.00 Jul/15 528.00 4641.92 -2329.13 USD Million [+]
Italy 2808.95 Jun/15 4140.00 6923.00 -6389.30 EUR Million [+]
Japan -268.06 Jul/15 -69.00 1608.67 -2795.04 JPY Billion [+]
Mexico -2267.00 Jul/15 -749.00 1710.25 -3292.30 USD Million [+]
Netherlands 4760.00 Jun/15 3280.00 6211.40 -907.60 EUR Million [+]
Russia 11228.00 Jul/15 13775.00 20356.00 -185.00 USD Million [+]
South Korea 4350.00 Aug/15 7723.00 9980.00 -4043.45 USD Million [+]
Spain -2046007.00 Jun/15 -1657308.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3741.00 Jul/15 3509.00 3894.91 -1478.68 CHF million [+]
Turkey -7027.59 Jul/15 -6205.89 24.51 -10453.06 USD Million [+]
United Kingdom -1601.00 Jun/15 -885.00 2946.00 -5397.00 GBP Million [+]
United States -43840.00 Jun/15 -40940.00 1946.00 -67823.00 USD Million [+]