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

South Africa recorded a trade deficit of 2913.60 ZAR Million in September of 2014. Balance of Trade in South Africa averaged -384.86 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
-2913.60 -16745.27 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 Wednesday, November 26, 2014.


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.

Exports increased 18.2 percent to ZAR 90.79 billion in September over August. Sales of precious metals and stones recorded the highest increase (44.9 percent), followed by mineral products (24.3 percent), vehicles and transport equipment (22.4 percent) and chemical products (21.6 percent). In contrast, shipments of vegetables shrank 13.5 percent. 

Exports to the American countries rose 26.6 percent; sales to Europe grew 25.2 percent and those to Africa advanced 16.3 percent. 

Imports rose a meager 0.2 percent to ZAR 93.71 billion in September. Vegetables’ purchases increased the most (76.7 percent) and those of base metals increased 13.9 percent. 

The cumulative deficit for 2014 is ZAR 73.74 billion compared to ZAR 63.07 billion in 2013.

Excluding trade with neighbors Botswana, Lesotho, Namibia and Swaziland, the country’s trade gap amounted to ZAR 12.64 billion in September and ZAR 149.43 billion in 2014.

South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
10/31/2014 12:25:23 PM


Recent Releases

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

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. Published on 2014-08-29


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-29 01:00 PM
Balance of Trade  Jul 2014
ZAR -6.88B ZAR -0.47B (R) ZAR -3.2B ZAR -5.4B
2014-09-30 01:00 PM
Balance of Trade  Aug 2014
ZAR -16.3B ZAR -6.83B (R) ZAR -8.0B ZAR -5.9B
2014-10-31 12:00 PM
Balance of Trade  Sep 2014
ZAR -2.91B ZAR -16.7B (R) ZAR -12.15B ZAR -9.4B
2014-11-28 12:00 PM
Balance of Trade  Oct 2014
ZAR -2.91B ZAR -10.6B
2014-12-30 12:00 PM
Balance of Trade  Nov 2014
ZAR -8.7B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -2913.60 -16745.27 10327.90 -24487.20 ZAR Million [+]
Exports 90792.05 76789.63 90792.05 55.80 ZAR Million [+]
Imports 93705.65 93534.90 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 141837.00 141837.00 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 -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 590.00 Sep/14 -1123.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6925.00 Sep/14 -8040.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]