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

South Africa posted a trade deficit of ZAR 4.41 billion in October 2016 from an upwardly revised ZAR 6.95 billion surplus in September, but better than market expectations of a ZAR 10.5 billion gap. Exports fell by 11.1 percent, dragged by lower sales of vegetable products and precious metals and stones; while imports increased by 0.4 percent, as purchases rose mainly for mineral products and machinery and electronics. Considering the first ten months of 2016, the trade deficit shrank to ZAR 14.35 billion compared to ZAR 59.50 billion the same period a year earlier. Balance of Trade in South Africa averaged -18.73 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)
2016-09-30 12:00 PM Aug ZAR -8.56B ZAR 5.04B ZAR 3B ZAR 3.6B
2016-10-31 12:00 PM Sep ZAR 6.7B ZAR -8.96B ZAR -1.1B ZAR -2.3B
2016-11-30 12:00 PM Oct ZAR-4.4B ZAR 6.9B ZAR -10.5B ZAR -9.5B
2016-12-30 12:00 PM Nov ZAR 4.4B ZAR 4.1B
2017-01-30 12:00 PM Dec 5B
2017-02-28 12:00 PM Jan -1.1B




South Africa Trade Balance Swings to Deficit in October


South Africa posted a trade deficit of ZAR 4.41 billion in October 2016 from an upwardly revised ZAR 6.95 billion surplus in September, but better than market expectations of a ZAR 10.5 billion gap. Exports fell by 11.1 percent, dragged by lower sales of vegetable products and precious metals and stones; while imports increased by 0.4 percent, as purchases rose mainly for mineral products and machinery and electronics.

Exports declined by ZAR 10.97 billion, or 11.1 percent, to ZAR 88.19 billion from ZAR 99.16 billion in September, dragged by lower sales of vegetable products (-48 percent), precious metals and stones (-25 percent), vehicles and transport equipment (-10 percent), chemical products (-7 percent) and mineral products (-2 percent). South African exports major destinations were China (8.9 percent of total exports), the US (7.4 percent), Germany (7.1 percent), Botswana (5.5 percent) and Japan (5.4 percent).

Imports rose by ZAR 0.39 billion, or 0.4 percent, to ZAR 92.60 billion from ZAR 92.21 billion the previous month, as purchases went up for mineral products (+5 percent), machinery and electronics (+5 percent) and chemical products (+4 percent). Meanwhile imports fell for vegetable products (-26 percent) and vehicles and transport equipment (-5 percent). The main sources of imports to the country were China (21 percent of total imports), Germany (11.6 percent), the US (6 percent), India (4.1 percent) and Japan (3.7 percent).

Considering the first ten months of 2016, the trade deficit shrank to ZAR 14.35 billion compared to ZAR 59.50 billion the same period a year earlier, as exports went up 5.6 percent and imports grew at a much slower 0.3 percent.

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a trade balance deficit of ZAR 13.92 billion in October. 

South African Revenue Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2016 12:51:12 PM



South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -4410.97 6949.37 18730.94 -23426.17 ZAR Million [+]
Exports 88188.35 99159.52 105163.26 55.80 ZAR Million [+]
Imports 92599.32 92210.14 110258.82 66.10 ZAR Million [+]
Current Account -134396.00 -221484.00 15627.00 -232546.00 ZAR Million [+]
Current Account to GDP -4.40 -5.40 6.00 -7.50 percent [+]
External Debt 132434.00 129159.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1273734.00 1219410.00 1558854.00 37430.00 [+]
Gold Reserves 125.25 125.22 183.51 123.48 Tonnes [+]
Crude Oil Production 2.00 2.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1961.00 2089.00 2089.00 1.00 ZAR Billion [+]
Terrorism Index 3.53 4.23 4.23 0.22 [+]
Weapons Sales 39.00 59.00 235.00 1.00 USD Million [+]



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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-4410.97 6949.37 18730.94 -23426.17 1957 - 2016 ZAR Million Monthly



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Angola 3002.24 Dec/15
Argentina -114.00 Oct/16
Armenia -157.70 Oct/16
Aruba -423.80 Jun/16
Australia -1227.00 Sep/16
Austria -785.00 Aug/16
Azerbaijan 1311894.00 Jun/16
Bahamas -428.30 Jun/16
Bahrain 1513.00 Dec/15
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Belarus -145.00 Sep/16
Belgium 2898.90 Sep/16
Belize -138.84 Sep/16
Benin -278.15 Sep/16
Bhutan -26021.60 Dec/15
Bolivia -103.32 Jul/16
Bosnia and Herzegovina -534734.90 Sep/16
Botswana 3238.80 Sep/16
Brazil 4757.00 Nov/16
Brunei 283.10 Sep/16
Bulgaria 89.40 Sep/16
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Cambodia -203.30 Jul/16
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Chad 1166.10 Dec/11
Chile -234.00 Oct/16
China 490.56 Oct/16
Colombia -1.24 Sep/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -461.20 Oct/16
Croatia -3973.71 Sep/16
Cuba -9578.00 Dec/15
Cyprus -283281.00 Sep/16
Czech Republic 48390.46 Sep/16
Denmark 4458.60 Sep/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador 5050.00 Sep/16
Egypt -2577.00 Sep/16
El Salvador -386.50 Oct/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -62.26 Sep/16
Ethiopia -3254.50 Jun/16
Euro Area 26481.80 Sep/16
European Union 510.20 Sep/16
Fiji -172126.00 Jun/16
Finland -70.00 Sep/16
France -4769.00 Sep/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -472.40 Oct/16
Germany 24400.00 Sep/16
Ghana -712.40 Jun/16
Greece -1358.70 Sep/16
Guatemala -615.90 Sep/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -479.70 Aug/16
Hong Kong -37223.00 Oct/16
Hungary 321000.00 Sep/16
Iceland 2900.00 Oct/16
India -10160.00 Oct/16
Indonesia 1206.80 Oct/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3769800.00 Sep/16
Israel -1354.00 Oct/16
Italy 3669.89 Sep/16
Ivory Coast 1256.00 Dec/15
Jamaica -680800.00 Mar/16
Japan 496.17 Oct/16
Jordan -536755.50 Sep/16
Kazakhstan 1044.90 Sep/16
Kenya -78222.90 Sep/16
Kosovo -214200.00 Oct/16
Kuwait 1222.30 Jun/16
Kyrgyzstan -184.40 Sep/16
Laos -594.89 Dec/15
Latvia -87.10 Sep/16
Lebanon -1193.95 Sep/16
Lesotho -2324.11 Jun/16
Liberia -80.10 Jun/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -86.80 Sep/16
Luxembourg -0.43 Sep/16
Macau -5326200.00 Oct/16
Macedonia -142584.00 Sep/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 7600.00 Sep/16
Maldives -155.00 Aug/16
Mali -226.10 Sep/15
Malta -198470.00 Sep/16
Mauritania -79.64 Mar/16
Mauritius -6179.00 Sep/16
Mexico -900.00 Oct/16
Moldova -168.10 Sep/16
Monaco -104.50 Jun/16
Mongolia 72.90 Oct/16
Montenegro -138195.00 Oct/16
Morocco -12712.00 Sep/16
Mozambique -434.30 Sep/16
Myanmar -198.70 Feb/16
Namibia -8369.58 Jun/16
Nepal -77662.70 Mar/16
Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
Nicaragua -196.00 Aug/16
Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
Paraguay -176241.00 Oct/16
Peru 20.30 Sep/16
Philippines -1890000.00 Sep/16
Poland -200.00 Sep/16
Portugal -920.83 Sep/16
Puerto Rico 747.70 Aug/16
Qatar 7703.00 Oct/16
Republic of the Congo 4092.35 Dec/10
Romania -786.80 Sep/16
Russia 7383.00 Sep/16
Rwanda -127.35 Jul/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 56231.00 Jun/16
Senegal -168.70 Sep/16
Serbia -380.50 Oct/16
Seychelles -40.23 Oct/16
Sierra Leone -52.89 Jun/16
Singapore 5156.80 Oct/16
Slovakia 457.00 Sep/16
Slovenia 173.43 Sep/16
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South Africa -4410.97 Oct/16
South Korea 7992.05 Nov/16
South Sudan -104.70 Dec/15
Spain -2230800.00 Sep/16
Sri Lanka -645.00 Sep/16
Sudan -424613.00 Jun/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -2700.00 Oct/16
Switzerland 2678.34 Oct/16
Syria 9394.50 Dec/10
Taiwan 4376.70 Oct/16
Tajikistan -198.20 Oct/16
Tanzania -101.00 Sep/16
Thailand 250.00 Oct/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1454.50 Oct/16
Turkey -4160.00 Oct/16
Turkmenistan 2181.97 Dec/15
Uganda -222.40 Sep/16
Ukraine -295.00 Sep/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -5221.00 Sep/16
United States -36440.00 Sep/16
Uruguay -45370.00 Oct/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -400.00 Nov/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16