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

South Africa recorded a trade deficit of 8480.60 ZAR Million in February of 2015. Balance of Trade in South Africa averaged -458.14 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.

     Forecast  
South Africa Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-8480.60 -24218.60 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 - South Africa Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - South Africa Balance of Trade - was last refreshed on Tuesday, April 28, 2015.


South Africa Trade Deficit Narrows in February


South African trade gap shrank to ZAR 8.48 billion in February of 2015 from a record high ZAR 24.22 billion shortfall a month earlier due to a rebound in exports.

Exports increased 14.6 percent from January to ZAR 76.85 billion. Sales of vehicle and transport equipment jumped 74.4 percent; shipments of precious metals and stoles surged 30.4 percent; machinery and electronics rose 19.4 percent and those of base metals increased 7.9 percent. In contrast, export of mineral products shrank 10.6 percent.

Imports decreased 6.5 percent to ZAR 5.96 billion – purchases of mineral products shrank the most (22.5 percent) while imports of vegetables doubled (+98.8 percent).

Excluding trade with neighbor countries, South Africa posted a ZAR 16.85 billion deficit in February.

In the first two months of 2015, the country posted a ZAR 32.7 billion gap, compared with a ZAR 15.49 billion deficit in the same period of 2014.

South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2015 1:13:32 PM


Recent Releases

South Africa Posts Record Trade Deficit in January
South Africa recorded a ZAR 24.22 billion trade gap in January of 2015 compared with a revised four-year high ZAR 6.66 billion surplus in the previous month. It is the highest trade deficit on record due to a sharp drop in exports. Published on 2015-02-27

South Africa Posts Highest Trade Surplus in 4 Years
South Africa recorded a ZAR 6.85 billion trade surplus in December of 2014, compared with a revised ZAR 5.27 billion gap in the previous month. It is the first surplus in ten months as exports increased 3.8 percent and imports fell 9.9 percent. Published on 2015-01-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-01-30 12:00 PM
Balance of Trade  Dec
ZAR 6.85B ZAR -5.27B (R) ZAR 1.5B ZAR -7.5B
2015-02-27 12:00 PM
Balance of Trade  Jan
ZAR -24.22B ZAR 6.66B (R) ZAR -7.75B ZAR -8.5B
2015-03-31 01:00 PM
Balance of Trade  Feb
ZAR -8.48B ZAR -24.22B ZAR -5.7B ZAR -5.7B
2015-04-30 01:00 PM
Balance of Trade  Mar
ZAR -8.48B ZAR -6.5B ZAR -5.4B
2015-05-29 01:00 PM
Balance of Trade  Apr
ZAR -6.3B
2015-06-30 01:00 PM
Balance of Trade  May
ZAR -5.4B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -8480.60 -24218.60 10327.90 -24487.20 ZAR Million [+]
Exports 76846.07 67063.44 90629.29 55.80 ZAR Million [+]
Imports 85326.66 91281.96 110321.85 66.10 ZAR Million [+]
Current Account -198000.00 -223000.00 14045.00 -232000.00 ZAR Million [+]
Current Account to GDP -5.40 -5.80 6.00 -7.50 percent [+]
External Debt 145082.00 142314.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1447598.00 1262450.00 1536881.00 37430.00 [+]
Gold Reserves 125.19 125.13 183.51 123.48 Tonnes [+]
Crude Oil Production 3.00 3.00 58.00 2.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19515.32 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 479.80 Mar/15 558.30 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]