South Africa Balance of Trade  1957-2016 | Data | Chart | Calendar

South Africa recorded a trade surplus of ZAR 2.9 billion in March of 2016 from a deficit of ZAR 1.2 billion in the previous month. Exports increased 6.3 percent, as sales of mineral products, base metals, and precious metals and stones rose while imports went up by 2.6 percent, mainly due to higher purchases of mineral products, plastics and rubber and machinery and electronics. So far this year, the trade deficit narrowed 39.1 percent to ZAR 17.9 billion compared to ZAR 29.5 billion a year earlier. Balance of Trade in South Africa averaged -59.54 ZAR Million from 1957 until 2016, reaching an all time high of 14961.41 ZAR Million in December of 2010 and a record low of -23426.17 ZAR Million in January of 2015. 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
2915.79 -1266.77 14961.41 -23426.17 1957 - 2016 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. South Africa Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-29 12:00 PM Jan ZAR -17.87B ZAR 7.55B ZAR -14.1B ZAR -9.5B
2016-03-31 12:00 PM Feb ZAR -1.07B ZAR -17.96B ZAR -4.65B ZAR -5.1B
2016-04-29 12:00 PM Mar ZAR 2.92B ZAR -1.26B ZAR -2B ZAR -1.5B
2016-05-30 12:00 PM Apr -11021.57
2016-06-30 12:00 PM May -1711.39
2016-08-01 12:00 PM Jun -2203.37

South Africa Trade Balance Shifts to Surplus


South Africa recorded a trade surplus of ZAR 2.9 billion in March of 2016 from a deficit of ZAR 1.2 billion in the previous month. Exports increased 6.3 percent, as sales of mineral products, base metals, and precious metals and stones rose while imports went up by 2.6 percent, mainly due to higher purchases of mineral products, plastics and rubber and machinery and electronics. So far this year, the trade deficit narrowed 39.1 percent to ZAR 17.9 billion compared to ZAR 29.5 billion a year earlier.

Exports rose by ZAR 5.66 billion or 6.3 percent to ZAR 96.1 billion in March of 2016 from ZAR 90.47 billion in February, mainly due to higher sales of mineral products (+17 percent), base metals (+11 percent), and precious metals and stones (+6.0 percent) and other unclassified (+87 percent). In contrast, exports of prepared foodstuff's dropped 9 percent. South African exports major destinations were China (8.4 percent of total exports), Germany (8.3 percent), the US (8.0 percent), Botswana (5.3 percent) and India (4.4 percent).

Imports rose by ZAR 1.47 billion or 1.6 percent to ZAR 93.2 billion from ZAR 91.7 billion in the previous month, as purchases of mineral products (+23 percent), plastics and rubber (+22 percent) and machinery and electronic (+4percentt) led the increase. Meanwhile, imports of textiles (-23 percent) and vehicles and transport equipment (-22 percent) fell. The main sources of imports to the country were China (14 percent of total imports), Germany (13 percent), the US (6.6 percent), India (5.1 percent) and Japan (3.7 percent).

So far this year, the trade deficit narrowed 39.1 percent to ZAR 17.9 billion compared to ZAR 29.5 billion a year earlier. 

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a ZAR 6.2 billion deficit in March. 

South African Revenue Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/29/2016 1:57:54 PM

South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 2915.79 -1266.77 14961.41 -23426.17 ZAR Million [+]
Exports 96133.70 71392.81 93133.20 55.80 ZAR Million [+]
Imports 93217.90 89356.78 110258.82 66.10 ZAR Million [+]
Current Account -208204.00 -172072.00 15627.00 -232546.00 ZAR Million [+]
Current Account to GDP -4.40 -5.40 6.00 -7.50 percent [+]
External Debt 124070.00 134463.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1285698.00 1558854.00 1558854.00 37430.00 [+]
Gold Reserves 125.22 125.19 183.51 123.48 Tonnes [+]
Crude Oil Production 3.00 3.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1942.00 1624.00 1942.00 1.00 ZAR Billion [+]
Terrorism Index 4.23 3.52 4.23 0.22 [+]




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Algeria -1270.00 Sep/15
Angola 3771.96 Sep/15
Argentina -266.00 Mar/16
Armenia -82.90 Mar/16
Aruba -491.66 Sep/15
Australia -3410.00 Feb/16
Austria 582.90 Jan/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -63.82 Jan/16
Barbados -254822.00 Dec/15
Belarus -248.50 Feb/16
Belgium 1025.00 Feb/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -303.50 Nov/15
Bosnia and Herzegovina -427.38 Mar/16
Botswana 549.30 Feb/16
Brazil 4435.00 Mar/16
Brunei 264.10 Feb/16
Bulgaria -118.70 Feb/16
Burkina Faso -49.00 Sep/14
Burundi -61461.20 Nov/15
Cambodia -746.40 Jan/16
Cameroon -1054.40 Dec/13
Canada -1908.00 Feb/16
Cape Verde -4881.20 Feb/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 609.79 Mar/16
China 298.60 Mar/16
Colombia -1.17 Feb/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -383.40 Mar/16
Croatia 3996.23 Feb/16
Cuba -7926.60 Dec/14
Cyprus -240094.00 Feb/16
Czech Republic 42159.00 Feb/16
Denmark 2158.20 Feb/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -33147.37 Feb/16
Ecuador -82072.00 Feb/16
Egypt -3019.00 Feb/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -139.73 Feb/16
Ethiopia -3441.30 Sep/15
Euro Area 19048.40 Feb/16
European Union 3028.60 Feb/16
Fiji -185801.00 Nov/15
Finland -100.00 Feb/16
France -5177.00 Feb/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -403.86 Mar/16
Germany 20300.00 Feb/16
Ghana -1226.00 Sep/15
Greece -1651.92 Feb/16
Guatemala -408.80 Jan/16
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -47028.00 Mar/16
Hungary 304200.00 Feb/16
Iceland -8900.00 Mar/16
India -5070.00 Mar/16
Indonesia 490.00 Mar/16
Iran -2405.00 Dec/14
Iraq 38780.80 Dec/14
Ireland 3771700.00 Feb/16
Israel -1177.40 Mar/16
Italy 3856.00 Feb/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 754.99 Mar/16
Jordan -773525.00 Jan/16
Kazakhstan 1187.60 Feb/16
Kenya -58459.44 Jan/16
Kosovo -209942.00 Mar/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -167.59 Dec/15
Laos -488.34 Sep/15
Latvia -139.50 Feb/16
Lebanon -1148.62 Feb/16
Lesotho -2961.47 Dec/15
Liberia -123.50 Oct/15
Libya -17675.60 Dec/14
Liechtenstein 355938.00 Dec/15
Lithuania -96.60 Feb/16
Luxembourg -0.42 Feb/16
Macau -4479038.32 Mar/16
Macedonia -145370.00 Feb/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 7351.55 Feb/16
Maldives -127.20 Jan/16
Mali -100.60 Mar/15
Malta -557987.00 Feb/16
Mauritania -24.89 Dec/15
Mauritius -4607.00 Feb/16
Mexico 155.00 Mar/16
Moldova -148.50 Feb/16
Monaco -22.60 Dec/15
Mongolia 98.70 Mar/16
Montenegro -138515.00 Mar/16
Morocco -16349.00 Mar/16
Mozambique -1274.70 Sep/15
Myanmar -72.20 Sep/15
Namibia -8322.38 Mar/16
Nepal -58541.90 Dec/15
Netherlands 3952.00 Feb/16
New Caledonia -9528.00 Feb/16
New Zealand 117.00 Mar/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -695.83 Dec/14
Norway 9068.13 Mar/16
Oman 329.00 Sep/15
Pakistan -193845.00 Mar/16
Palestine -309.20 Jan/16
Panama -744011.50 Feb/16
Papua New Guinea 4191.00 Sep/15
Paraguay 140697.00 Mar/16
Peru -188.00 Feb/16
Philippines -1104000.00 Feb/16
Poland 341.00 Feb/16
Portugal -713.00 Feb/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -611.20 Feb/16
Russia 7353.00 Feb/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -36.44 Dec/15
Saudi Arabia 44465.00 Sep/15
Senegal -103.77 Jan/16
Serbia -406.80 Mar/16
Seychelles -37.18 Feb/16
Sierra Leone -89.75 Mar/15
Singapore 3656.20 Mar/16
Slovakia 459.60 Feb/16
Slovenia 120.06 Feb/16
Somalia -1281.56 Dec/14
South Africa 2915.79 Mar/16
South Korea 8800.00 Apr/16
South Sudan -4987.00 Dec/13
Spain -1761000.00 Feb/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 517.46 Jun/15
Sweden 3900.00 Mar/16
Switzerland 2163.00 Mar/16
Syria 9394.50 Dec/10
Taiwan 4502.06 Mar/16
Tajikistan -135.50 Feb/16
Tanzania -30.40 Jan/16
Thailand 2966.00 Mar/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1100.60 Mar/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -120.80 Feb/16
Ukraine -436.00 Feb/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4840.00 Feb/16
United States -47060.00 Feb/16
Uruguay -123578.00 Mar/16
Uzbekistan 455.00 Dec/15
Venezuela -1093.00 Dec/15
Vietnam 100.00 Apr/16
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Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14