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

South African trade surplus increased to ZAR 5.80 billion in June of 2015 from a downwardly revised ZAR 4.94 billion surplus a month earlier, as exports expanded at a faster pace than imports. Balance of Trade in South Africa averaged -442.63 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.

South Africa Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
5803.62 4944.05 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. This page provides the latest reported value for - South Africa Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - South Africa Balance of Trade - was last refreshed on Saturday, August 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 5.8B ZAR 4.94B (R) ZAR 4.1B ZAR 0B
2015-08-31 01:00 PM Jul ZAR 5.8B ZAR -3.2B
2015-09-30 01:00 PM Aug ZAR -1.6B
2015-10-30 12:00 PM Sep ZAR 0B


South Africa Trade Surplus Widens To 6-Month High in June


South African trade surplus increased to ZAR 5.80 billion in June of 2015 from a downwardly revised ZAR 4.94 billion surplus a month earlier, as exports expanded at a faster pace than imports.

Exports grew by 1.6 percent to ZAR 90.23 billion from ZAR 88.83 billion in May, mainly due to higher sales of vegetable products (+25 percent) and vehicles and transport equipment (+9 percent). Also, shipments of machinery and electronics and chemical products went up by 7 percent and 5 percent, respectively. In contrast, mineral products sales fell 5 percent.

Imports increased at a slower 0.7 percent to ZAR 84.48 billion from ZAR 83.89 billion in the previous month, as chemical products; and machinery and electronics purchases increased by 7 percent and 6 percent, respectively. Meanwhile, imports of vegetable products declined by 32 percent; mineral products by 14 percent; and vehicles and transport equipment by 7 percent.

So far this year, exports rose 4.3 percent while imports decreased by 0.3 percent when compared to the same period from last year. As a result, the trade deficit narrowed 47.3 percent over a year earlier to ZAR 24.65 billion from ZAR 46.77 million. 

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a ZAR 3.47 billion deficit in June.

South African Revenue Service | joana.ferreira@tradingeconomics.com
7/31/2015 1:29:44 PM


Recent Releases

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.
Published on 2015-06-30

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 Trade Last Previous Highest Lowest Unit
Balance of Trade 5803.62 4944.05 10327.90 -24487.20 ZAR Million [+]
Exports 90279.98 88829.49 90853.83 55.80 ZAR Million [+]
Imports 84476.36 83885.44 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 144406.00 145082.00 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 1695.00 1684.00 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 -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 13700.00 Jun/15 15309.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]