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

South Africa recorded a trade deficit of 6884.86 ZAR Million in July of 2014. Balance of Trade in South Africa averaged -357.61 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.

   
 
 

South Africa Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-6884.86 -469.76 10327.90 -24487.20 1957 - 2014 ZAR Million Monthly
South Africa has been posting trade deficits primarily due to deterioration in commodities exports and high imports of fuel and high value added goods. The country is rich in mineral resources and is the world’s major exporter of chromium and platinum (8 percent of total exports). Other exports include: gold (8 percent), coal (6 percent), iron ores (7 percent) and motor vehicles and car parts (5 percent). Main imports are: fuel (24 percent of total imports), motor vehicles (10 percent), electronics (3 percent) and pharmaceuticals (2 percent). Main trading partners are Japan (10 percent of exports and 6 percent of imports) and Germany (7 percent of exports and 11 percent imports). Others include: United States, China and United Kingdom. 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 Tuesday, September 23, 2014.


South Africa Trade Deficit Widens in July


South African trade gap increased to ZAR 6.88 billion, up from an upwardly revised ZAR 0.47 billion deficit in June, as imports rose at a faster pace than exports.

Exports increased 6.8 percent month-over-month to ZAR 85.37 billion. Shipments of mineral products rose 23.8 percent; sales of vegetables were up by 20.7 percent and outflows of precious metals and stones increased by 7.9 percent. Sales of base metals decreased 6.6 percent. 

Imports soared 14.7 percent over the previous month to ZAR 92.26 billion. Imports of vehicle components rose 23 percent, purchases of chemical products rose 17.4 percent and inflows of vehicle and transport equipment rose 15.7 percent. 

The cumulative deficit for 2014 is R55.49 billion compared to R41.11 billion in 2013.

South African Revenue Service | Nuno Fontes | nuno@tradingeconomics.com
8/29/2014 1:16:54 PM


Recent Releases

South Africa Trade Deficit Narrows in June
South African trade gap decreased to ZAR 0.2 billion in June of 2014, from a revised ZAR 7.4 billion deficit in the previous month. This is the lowest deficit in nearly 9 years, due to a surge in exports and a decline in import. Published on 2014-07-31

South Africa Trade Deficit Down to 3-Month Low
South African trade gap decreased to ZAR 0.65 billion in May of 2014 from a revised ZAR 12.4 billion in the previous month. It is the lowest shortfall in three months, due to a sharp fall in imports. Published on 2014-06-30


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-30 01:00 PM South Africa
Balance of Trade
Apr 2014 ZAR -13.03B ZAR -11.88B (R) ZAR -5.3B
2014-06-30 01:00 PM South Africa
Balance of Trade
May 2014 ZAR -6.57B ZAR -12.39B (R) ZAR -9.0B ZAR -6.1B
2014-07-31 01:00 PM South Africa
Balance of Trade
Jun 2014 ZAR -0.19B ZAR -7.44B (R) ZAR -6.3B ZAR -3.6B
2014-08-29 01:00 PM South Africa
Balance of Trade
Jul 2014 ZAR -6.88B ZAR -0.47B (R) ZAR -3.2B ZAR -5.4B
2014-09-30 01:00 PM South Africa
Balance of Trade
Aug 2014 ZAR -6.88B ZAR -5.9B


Trade Last Previous Highest Lowest Unit
Balance of Trade -6884.86 -469.76 10327.90 -24487.20 ZAR Million [+]
Exports 85372.27 79971.05 86499.96 55.80 ZAR Million [+]
Imports 92257.14 80440.81 94716.44 66.10 ZAR Million [+]
Current Account -222000.00 -160970.00 14045.00 -222000.00 ZAR Million [+]
Current Account to GDP -5.80 -5.20 6.00 -7.50 Percent [+]
External Debt 138476.00 137095.00 138476.00 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 1.00 1.00 58.00 1.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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