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

South Africa posted a higher-than-expected trade surplus of ZAR 18.7 billion in May of 2016 from a downwardly revised deficit of ZAR 0.12 billion in the previous month. Exports rose 14 percent, as sales precious metals and stones surged, while imports fell by 6.6 percent due to lower purchases of animal and vegetable products. Balance of Trade in South Africa averaged -34.79 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. 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
18730.94 -127.29 18730.94 -23426.17 1957 - 2016 ZAR Million Monthly
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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-29 12:00 PM Mar ZAR 2.92B ZAR -1.26B ZAR -2B ZAR -1.5B
2016-05-31 12:00 PM Apr ZAR 0.43B ZAR 2.03B ZAR -2.55B ZAR -1.7B
2016-06-30 12:00 PM May ZAR 18.7B ZAR -0.12B ZAR 3.1B -1.5B
2016-08-01 12:00 PM Jun ZAR 18.7B ZAR 5.2B
2016-08-31 12:00 PM Jul ZAR 2.3B
2016-09-30 12:00 PM Aug 6.6B

South Africa Trade Balance Swings to Surplus in May


South Africa posted a trade surplus of ZAR 18.7 billion in May of 2016 from a downwardly revised deficit of ZAR 0.12 billion in the previous month. Exports rose 14 percent, as sales precious metals and stones surged, while imports fell by 6.6 percent due to lower purchases of animal and vegetable products.


Exports increased by ZAR 12.8 billion or 14 percent to ZAR 104.68 billion in May of 2016 from an downwardly revised ZAR 91.8 billion in April, due to higher outbound shipments of precious metals and stones (+49 percent), vegatable products (+27 percent), mineral product (+10 percent), chemicals products (+10 percent) and base metals (+6 percent). South African exports major destinations were China (10 percent of total exports), Germany (7.5 percent), the US (7.1 percent), United Kingdom (6.5 percent) and India (4.4 percent).

Imports fell by ZAR 6 billion or 6.6 percent to ZAR 85.9 billion from an upwardly revised ZAR 91.9 billion in the previous month, as purchases of animals and vegetable products (-43 percent), precious metals and stones (-35 percent), mineral products (-14 percentt), machinery and electronics (-12 percent) and original equipment components (-12 percent). The main sources of imports to the country were China (17.6 percent of total imports), Germany (12.5 percent), the US (7.3 percent), India (3.7 percent) and Japan (3.4 percent).

Since the beginning of 2016, the trade deficit narrowed 97.6 percent to ZAR 0.65 billion compared to ZAR 27 billion a year earlier.

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a ZAR 10.7 billion surplus in May. 

South African Revenue Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
6/30/2016 4:35:37 PM

South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 18730.94 -127.29 18730.94 -23426.17 ZAR Million [+]
Exports 104683.70 91865.20 104683.70 55.80 ZAR Million [+]
Imports 85952.70 91992.50 110258.82 66.10 ZAR Million [+]
Current Account -211000.00 -191000.00 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 1320375.00 1435879.00 1558854.00 37430.00 [+]
Gold Reserves 125.22 125.22 183.51 123.48 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 [+]
Weapons Sales 39.00 59.00 235.00 1.00 USD Million [+]




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Afghanistan -7159.00 Dec/15
Albania -30143.50 May/16
Algeria -1270.00 Sep/15
Angola 3002.24 Dec/15
Argentina 439.00 May/16
Armenia -108.90 May/16
Aruba -520.80 Dec/15
Australia -1579.00 Apr/16
Austria 142.00 Mar/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -57.02 Mar/16
Barbados -254822.00 Dec/15
Belarus -258.80 Apr/16
Belgium 1249.00 Apr/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana 3307.90 Apr/16
Brazil 6437.00 May/16
Brunei 195.90 Apr/16
Bulgaria -156.80 Apr/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -2936.70 Apr/16
Cape Verde -4178.80 Mar/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 744.79 May/16
China 499.80 May/16
Colombia -1.29 Apr/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -365.50 May/16
Croatia -4530.70 Apr/16
Cuba -9578.00 Dec/15
Cyprus -253738.00 Apr/16
Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 53993.00 Apr/16
Egypt -2717.00 Apr/16
El Salvador -359.50 Apr/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -170.74 Apr/16
Ethiopia -3557.70 Dec/15
Euro Area 27481.90 Apr/16
European Union 5566.30 Apr/16
Fiji -262673.00 Dec/15
Finland -225.00 Apr/16
France -5219.00 Apr/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -436.32 May/16
Germany 25607.00 Apr/16
Ghana -773.70 Mar/16
Greece -2057.60 Apr/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -26228.00 May/16
Hungary 308393.58 Apr/16
Iceland -15000.00 May/16
India -6272.90 May/16
Indonesia 375.60 May/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4571042.93 May/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 3300.00 May/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
Mauritius -6081.00 Apr/16
Mexico -527.00 May/16
Moldova -194.30 Apr/16
Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
Montenegro -183453.00 May/16
Morocco -14678.00 Apr/16
Mozambique -1754.40 Dec/15
Myanmar -914.60 Nov/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 358.00 May/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
Portugal -708.00 Apr/16
Puerto Rico 2091.50 Apr/16
Qatar 7531.00 May/16
Republic of the Congo 4092.35 Dec/10
Romania -836.20 Apr/16
Russia 6750.00 Apr/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -402.10 May/16
Seychelles -49.80 May/16
Sierra Leone -33.70 Dec/15
Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
Slovenia 114.18 Apr/16
Somalia -1473.48 Dec/15
South Africa 18730.94 May/16
South Korea 11600.00 Jun/16
South Sudan -3492.00 Dec/14
Spain -637300.00 Apr/16
Sri Lanka -551.70 Feb/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden -2100.00 May/16
Switzerland 3785.97 May/16
Syria 9394.50 Dec/10
Taiwan 3500.00 May/16
Tajikistan -169.20 Mar/16
Tanzania 100.80 Mar/16
Thailand 1540.00 May/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1090.30 May/16
Turkey -5054.00 May/16
Turkmenistan 2431.94 Dec/14
Uganda -126.70 Apr/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3294.00 Apr/16
United States -37436.00 Apr/16
Uruguay -322496.00 Apr/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Jun/16
Yemen -2914.30 Dec/13
Zambia -751.30 Apr/16
Zimbabwe -290.99 Dec/14