South Africa Balance of Trade
South Africa recorded a trade deficit of 192.25 ZAR Million in June of 2014. Balance of Trade in South Africa averaged -347.75 ZAR Million from 1957 until 2014, 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.
||1957 - 2014
South Africa has been posting trade deficits primarily due to deterioration in commodities exports and high imports of fuel and high value added goods. The country is rich in mineral resources and is the world’s major exporter of chromium and platinum (8 percent of total exports). Other exports include: gold (8 percent), coal (6 percent), iron ores (7 percent) and motor vehicles and car parts (5 percent). Main imports are: fuel (24 percent of total imports), motor vehicles (10 percent), electronics (3 percent) and pharmaceuticals (2 percent). Main trading partners are Japan (10 percent of exports and 6 percent of imports) and Germany (7 percent of exports and 11 percent imports). Others include: United States, China and United Kingdom. This page provides - South Africa Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.