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

South Africa recorded a trade surplus of 4987.42 ZAR Million in May of 2015. Balance of Trade in South Africa averaged -451.48 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
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
4987.42 -1442.95 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. Content for - South Africa Balance of Trade - was last refreshed on Monday, July 6, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-30 01:00 PM Mar ZAR 0.48B ZAR -8.7B (R) ZAR -6.5B ZAR -5.4B
2015-05-29 01:00 PM Apr ZAR -2.5B ZAR -0.01B (R) ZAR -5.5B ZAR -6.3B
2015-06-30 01:00 PM May ZAR 4.99B ZAR -1.44B (R) ZAR -3.5B ZAR -5.5B
2015-07-31 01:00 PM Jun ZAR 4.99B ZAR 0B
2015-08-31 01:00 PM Jul ZAR -1.1B
2015-09-30 01:00 PM Aug ZAR -1.4B


South Africa Posts Trade Surplus in May


South Africa trade balance swung into a ZAR 4.99 billion trade surplus in May of 2015 from an upwardly revised ZAR 1.45 billion deficit in April. It is the highest surplus this year due to a surge in exports.

Exports rose 4.6 percent in May from April to ZAR 88.94 billion. Sales of vehicle and transport equipment rose 19.7 percent and accounted the most for the increase. Shipments of vegetable products jumped 27.4 percent and those of mineral products rose 5.1 percent. In contrast, exports of precious metals and stones shrank 5.4 percent and those of chemical products contracted 13.5 percent. 

Imports shrank 2.9 percent to ZAR 84.99 billion, mainly due to a 7.4 percent drop in purchases of machinery and electronics. In addition, imports of vehicle and transport equipment and plastics and rubber fell 5.3 percent and 8.1 percent respectively while those of mineral products (+4.6 percent) and vegetables (+13.9 percent) increased.

Considering January to May, exports rose 3 percent while imports decreased 1.2 percent. As a result, the trade deficit narrowed 36.4 percent over a year earlier to ZAR 29.85 billion. 

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a ZAR 4.11 billion deficit in May.

South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
6/30/2015 1:23:34 PM


Recent Releases

South Africa Trade Deficit Widens in April
South African trade gap increased to ZAR 2.51 billion in April of 2015 from a revised ZAR 0.01 billion shortfall a month earlier as exports were down 7.5 percent and imports declined at a slower 4.8 percent.
Published on 2015-05-29

South Africa Trade Balance Swings to Surplus
South Africa posted a ZAR 483 million trade surplus in March of 2015, compared to a revised ZAR 8.7 billion deficit in February due to a surge in exports of precious metals and stones.
Published on 2015-04-30

South Africa Trade Deficit Narrows in February
South African trade gap shrank to ZAR 8.48 billion in February of 2015 from a record high ZAR 24.22 billion shortfall a month earlier due to a rebound in exports.
Published on 2015-03-31

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.
Published on 2015-02-27


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 4987.42 -1442.95 10327.90 -24487.20 ZAR Million [+]
Exports 88937.06 84992.61 90853.83 55.80 ZAR Million [+]
Imports 83949.65 86435.56 110321.85 66.10 ZAR Million [+]
Current Account -188675.00 -198477.00 15627.00 -231981.00 ZAR Million [+]
Current Account to GDP -5.40 -5.80 6.00 -7.50 percent [+]
External Debt 145082.00 142314.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1235571.00 1133411.00 1536881.00 37430.00 [+]
Gold Reserves 125.19 125.19 183.51 123.48 Tonnes [+]
Crude Oil Production 3.00 3.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1684.00 1715.00 1719.00 1.00 ZAR Billion [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]