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

South Africa recorded a trade deficit of 16295.16 ZAR Million in August of 2014. Balance of Trade in South Africa averaged -380.56 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
-16295.16 -6824.41 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, October 21, 2014.


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.

Exports decreased from July to August by ZAR 8.19 billion (-9.6 percent) to ZAR 77.2 billion. Shipments of vehicles and transport equipment rose 12.6 percent whic was not enough to offset a 24.1 percent drop in sales of mineral products. Exports of vegetables fell 19.4 percent and sales of precious metals and stones decreased 14.6 percent.

Imports increased from July to August by ZAR 1.28 billion (+1.4 percent) to ZAR 93.5 billion. Imports of mineral products recorded the highest increase (+10.8 percent), followed by vehicle and transport equipment (+7.2 percent).

The cumulative deficit for 2014 is ZAR 70.74 billion compared to ZAR 51.88 billion in 2013.

Excluding trade with neighbors Botswana, Lesotho, Namibia and Swaziland, the country’s trade gap amounted to ZAR 23.94 billion in August and ZAR 136.73 billion in 2014.

South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
9/30/2014 1:27:32 PM


Recent Releases

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

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -16.3B ZAR -6.83B (R) ZAR -8.0B ZAR -5.9B
2014-10-31 01:00 PM South Africa
Balance of Trade
Sep 2014 ZAR -16.3B ZAR -9.4B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -16295.16 -6824.41 10327.90 -24487.20 ZAR Million [+]
Exports 77235.50 85424.71 86499.96 55.80 ZAR Million [+]
Imports 93530.65 92249.11 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 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 [+]