South Africa Balance of Trade  1957-2017 | Data | Chart | Calendar

South Africa posted a trade surplus of ZAR 12.04 billion in December of 2016 compared to an upwardly revised ZAR 1.68 billion deficit in November and well above market forecasts of a ZAR 6 billion surplus. Imports slumped 19.6 percent, mainly due to lower purchases of original equipment components and machinery & electronics. Exports went down at a slower 6.1 percent, due to sales of vehicles & transport equipment and machinery & electronics. Balance of Trade in South Africa averaged -2.79 ZAR Million from 1957 until 2016, reaching an all time high of 18730.94 ZAR Million in May of 2016 and a record low of -23426.17 ZAR Million in January of 2015.

South Africa Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-30 12:00 PM Oct ZAR-4.4B ZAR 6.9B ZAR -10.5B ZAR -9.5B
2016-12-29 12:00 PM Nov ZAR -1.1B ZAR -3.9B ZAR -0.75B ZAR -1B
2017-01-31 12:00 PM Dec ZAR 12.04B ZAR -1.68B ZAR 6B ZAR 3.5B
2017-02-28 12:00 PM Jan ZAR 12.04B
2017-03-31 12:00 PM Feb
2017-04-28 12:00 PM Mar




South Africa Trade Surplus Beats Expectations in December


South Africa posted a trade surplus of ZAR 12.04 billion in December of 2016 compared to an upwardly revised ZAR 1.68 billion deficit in November and well above market forecasts of a ZAR 6 billion surplus. Imports slumped 19.6 percent, mainly due to lower purchases of original equipment components and machinery & electronics. Exports went down at a slower 6.1 percent, due to sales of vehicles & transport equipment and machinery & electronics.

Imports fell to ZAR 81 billion, as purchases went down for: machinery & electronics (-24 percent), equipment components (-53 percent), chemical products (-20 percent), base metals (-29 percent), textiles (-38 percent) and plastic & rubber (-30 percent). Meanwhile, mineral products imports rose 10 percent. Imports came mainly from China (16.9 percent of total imports), Germany (8.3 percent), Saudi Arabia (6.9 percent), the US (6.9 percent) and France (6.6 percent). 

Exports declined to 93 billion mainly driven by lower sales of vehicles & transport equipment (-35 percent), machinery & electronics (-16 percent), precious metals & stones (-6 percent), base metals (-8 percent) and prepare foodstuff (-14 percent). By contrast, sales rose for vegetable products (+34 percent) and mineral products (+15 percent). Major destinations for exports were China (11.5 percent of total exports), Germany (6.1 percent), the US (5.4 percent), Botswana (4.5percent) and Japan (4.5 percent).

Considering full 2016, the trade deficit shrank to ZAR 2.92 billion compared to ZAR 52.18 billion in 2015, as exports went up 5.8 percent and imports grew at a much slower 1 percent.

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a trade gap of ZAR 3.64 billion in December. From January to December, the trade deficit was ZAR 109.72 billion, compared to a ZAR 157.9 billion gap in 2015.

South African Revenue Service | Deborah Neves | deborah.neves@tradingeconomics.com
1/31/2017 1:05:07 PM



South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 12036.48 -1684.20 18730.94 -23426.17 ZAR Million [+]
Exports 93026.28 99056.99 105163.26 55.80 ZAR Million [+]
Imports 80989.79 10074.12 110258.82 66.10 ZAR Million [+]
Current Account -175774.00 -122720.00 15627.00 -241786.00 ZAR Million [+]
Current Account to GDP -4.40 -5.40 6.00 -7.50 percent [+]
External Debt 141530.00 132434.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1294020.00 1269749.00 1558854.00 37430.00 [+]
Gold Reserves 125.25 125.25 183.51 123.48 Tonnes [+]
Terrorism Index 3.53 4.23 4.23 0.22 [+]
Weapons Sales 39.00 59.00 235.00 1.00 USD Million [+]
Crude Oil Production 2.00 2.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1958.00 1961.00 2089.00 1.00 ZAR Billion [+]



South Africa Balance of Trade Notes

In 2015, South Africa recorded the biggest trade deficits with China, Germany, Nigeria, Saudi Arabia, Thailand, France, Italy and India and the biggest trade surpluses with Botswana, Namibia, Zambia, Zimbabwe, Mozambique, Belgium and Japan. . 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
12036.48 -1684.20 18730.94 -23426.17 1957 - 2016 ZAR Million Monthly



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Australia 3511.00 Dec/16
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Botswana 1541.10 Nov/16
Brazil 2724.00 Jan/17
Brunei 296.10 Nov/16
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Chile 719.92 Jan/17
China 513.50 Jan/17
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Congo 1001.80 Dec/14
Costa Rica -530.90 Dec/16
Croatia -4663.06 Dec/16
Cuba -9578.00 Dec/15
Cyprus -407621.00 Dec/16
Czech Republic 21481.00 Dec/16
Denmark 3788.10 Dec/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 15100.00 Dec/16
Egypt -2392.00 Nov/16
El Salvador -424.16 Dec/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
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Euro Area 28142.20 Dec/16
European Union 20885.30 Dec/16
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Finland -530.00 Dec/16
France -3421.00 Dec/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -297.60 Jan/17
Germany 18700.00 Dec/16
Ghana -452.40 Sep/16
Greece -1566.60 Dec/16
Guatemala -488.00 Dec/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -490.00 Nov/16
Hong Kong -45477.00 Dec/16
Hungary 173000.00 Dec/16
Iceland -6700.00 Jan/17
India -9840.90 Jan/17
Indonesia 1395.80 Jan/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4017900.00 Dec/16
Israel -705.40 Jan/17
Italy 5797.75 Dec/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan -1086.90 Jan/17
Jordan -791300.00 Nov/16
Kazakhstan 1443.10 Dec/16
Kenya -79843.00 Nov/16
Kosovo -247031.00 Dec/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -240.10 Dec/16
Lebanon -1292.24 Dec/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -238.00 Dec/16
Luxembourg -0.44 Nov/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -151832.00 Dec/16
Mauritania -79.64 Mar/16
Mauritius -8944.00 Nov/16
Mexico 28.00 Dec/16
Moldova -197.50 Dec/16
Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
Montenegro -140962.00 Dec/16
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
Nicaragua -294.50 Nov/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -387.80 Nov/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
Paraguay -209595.00 Jan/17
Peru 1023.00 Dec/16
Philippines -2564000.00 Dec/16
Poland -151.00 Dec/16
Portugal -1373.50 Dec/16
Puerto Rico 2204.40 Nov/16
Qatar 10746.00 Dec/16
Republic of the Congo 4092.35 Dec/10
Romania -1185.40 Dec/16
Russia 11834.00 Dec/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -96.90 Dec/16
Serbia -514.40 Dec/16
Seychelles -38.40 Dec/16
Sierra Leone -52.89 Jun/16
Singapore 3287.37 Jan/17
Slovakia -120.00 Dec/16
Slovenia 18.80 Dec/16
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South Africa 12036.48 Dec/16
South Korea 3200.00 Jan/17
South Sudan -104.70 Dec/15
Spain -2447000.00 Dec/16
Sri Lanka -957.00 Dec/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland -320.72 Jun/16
Sweden 1000.00 Dec/16
Switzerland 2716.34 Dec/16
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Taiwan 3494.92 Jan/17
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Tanzania -26.00 Nov/16
Thailand 940.00 Dec/16
Togo -74.03 Jun/16
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Tunisia -1221.80 Jan/17
Turkey -5598.00 Dec/16
Turkmenistan 2181.97 Dec/15
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United Arab Emirates 328300.00 Dec/15
United Kingdom -3304.00 Dec/16
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