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

South Africa recorded a trade deficit of 24215 ZAR Million in January of 2015. Balance of Trade in South Africa averaged -446.36 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
-24215.00 6666.00 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 Thursday, March 5, 2015.


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.

Exports decreased from December 2014 to January 2015 by 23.1 percent to ZAR 67.08 billion. Sales of precious metals and stones recorded the highest drop (-35.4 percent), followed by vehicle and transport equipment (-27.3 percent), machinery and electronics (-25 percent), mineral products (-19.4 percent) and base metals (-13.5 percent). 

Imports rose 13.3 percent from December 2014 to January 2015 to ZAR 91.3 billion. Purchases of equipment components jumped 44.7 percent and those of base metals increased 40.6 percent. 

Excluding trade with neighbor countries, South Africa posted a ZAR 31.33 billion deficit in January. 

South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2015 12:44:48 PM


Recent Releases

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

South Africa Trade Deficit Narrows in November
South African trade gap decreased to ZAR 5.7 billion in November from a revised ZAR 21.6 billion shortfall in the previous month, due to a sharp drop in imports. Published on 2014-12-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-30 12:00 PM
Balance of Trade  Nov
ZAR -5.7B ZAR -21.6B (R) ZAR -7.0B ZAR -8.7B
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 -24.22B ZAR -5.7B
2015-04-30 01:00 PM
Balance of Trade  Mar
ZAR -5.4B
2015-05-29 01:00 PM
Balance of Trade  Apr
ZAR -6.3B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -24215.00 6666.00 10327.90 -24487.20 ZAR Million [+]
Exports 67083.00 87269.00 90629.29 55.80 ZAR Million [+]
Imports 91298.00 80603.00 110321.85 66.10 ZAR Million [+]
Current Account -230000.00 -235000.00 14045.00 -235000.00 ZAR Million [+]
Current Account to GDP -5.80 -5.20 6.00 -7.50 percent [+]
External Debt 142314.00 141837.00 142314.00 33262.00 USD Million [+]
Tourist Arrivals 1277825.00 1203851.00 1536881.00 37430.00 [+]
Gold Reserves 125.13 125.13 183.51 123.48 Tonnes [+]
Crude Oil Production 3.00 3.00 58.00 2.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -980.00 Jan/15 -503.00 2219.00 -3897.00 AUD Million [+]
Brazil -2842.00 Feb/15 -3173.95 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]