South Africa Balance of Trade 1957-2014 | Data | Chart | Calendar

South Africa recorded a trade deficit of 21327.04 ZAR Million in October of 2014. Balance of Trade in South Africa averaged -415.23 ZAR Million from 1957 until 2014, 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
-21327.04 -3046.40 10327.90 -24487.20 1957 - 2014 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 Monday, December 22, 2014.


South Africa Trade Deficit at 16-Month High


South African trade gap widened to ZAR 21.32 billion in October from a revised ZAR 3.05 billion in the previous month due to a sharp rise in imports.

Exports contracted 1.8 percent to ZAR 89 billion from ZAR 90.6 billion in September of 2014, hurt by a fall in sales of vegetables (-38 percent) and a decline in sales of precious metals and stones (-14 percent). Yet, prepared food exports rose 23 percent and machinery and electronics increased by 9 percent.

Sales to Oceania countries grew 33.9 percent (from a revised -0.6 percent in September of 2014) and those to America rose 11.4 percent (from a revised -8.4 percent in September of 2014). Meanwhile, shipments to European countries contracted 21.3 percent (from a revised -71.5 percent in September of 2014).

Imports increased 17.8 percent to ZAR 110.32 billion from ZAR 93.7 billion in September of 2014. Purchases of mineral products rose the most (+ 34 percent), followed by equipment components (+ 26 percent), vehicles and transport equipment (+ 24 percent) and machinery and electronics (+ 15 percent). Vegetables’ purchases was the only decreased registered (- 48 percent).

Purchases from Africa rose 61.8 percent (from a revised -18.7 percent in September of 2014) and those to American countries grew 36.5 percent (from a revised -2.6 percent in September of 2014). Imports from Oceania increased by 24.3 percent (from a revised 0.7 percent in September of 2014) and those to Europe 19 percent (from a revised 1.9 percent in September of 2014).

The cumulative deficit for 2014 is ZAR 95.11 billion compared to a revised ZAR 73.08 billion deficit in 2013.

Excluding trade with neighbors Botswana, Lesotho, Namibia and Swaziland, the country’s trade gap amounted to ZAR 31.27 billion in October and ZAR 180.7 billion deficit in 2014.

South African Revenue Service | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/28/2014 1:01:49 PM


Recent Releases

South Africa Trade Deficit Narrows in September
South African trade gap decreased to ZAR 2.91 billion in September of 2014 from a revised 16.7 billion shortfall in the previous month as exports to Europe and America surged. Published on 2014-10-31

South Africa Trade Deficit at 7-Month High
South African trade gap widened to ZAR 16.3 billion in August of 2014 from a revised ZAR 6.83 billion shortfall in the previous month. It is the highest trade deficit since January, hurt by a drop in exports. Published on 2014-09-30


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-30 01:00 PM
Balance of Trade  Aug
ZAR -16.3B ZAR -6.83B (R) ZAR -8.0B ZAR -5.9B
2014-10-31 12:00 PM
Balance of Trade  Sep
ZAR -2.91B ZAR -16.7B (R) ZAR -12.15B ZAR -9.4B
2014-11-28 12:00 PM
Balance of Trade  Oct
ZAR -21.33B ZAR -3.05B (R) ZAR -6.0B ZAR -10.6B
2014-12-30 12:00 PM
Balance of Trade  Nov
ZAR -21.33B ZAR -8.7B
2015-01-30 12:00 PM
Balance of Trade  Dec
2015-02-27 12:00 PM
Balance of Trade  Jan


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -21327.04 -3046.40 10327.90 -24487.20 ZAR Million [+]
Exports 88995.56 90629.29 90629.29 55.80 ZAR Million [+]
Imports 110322.61 93675.73 110322.61 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 141837.00 138476.00 141837.00 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 -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]