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

South Africa recorded a trade deficit of 5703.74 ZAR Million in November of 2014. Balance of Trade in South Africa averaged -423.27 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
-5703.74 -21625.61 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, January 28, 2015.


South Africa Trade Deficit Narrows in November


South African trade gap decreased to ZAR 5.7 billion in November from a revised ZAR 21.6 billion shortfall in the previous month, due to a sharp drop in imports.

Imports shrank 18.7 percent over the previous month to ZAR 20.67 billion. Purchases of mineral products and equipment goods fell the most by 32.9 percent and 28.7 percent, respectively. In addition, imports of vehicles and transport equipment dropped 18.4 percent and those of chemicals declined 16.4 percent. 

Exports decreased 5.3 percent to ZAR 83.95 billion. Sales of prepared foodstuff recorded the highest drop (-13.8 percent), followed by machinery and electronics (-10.7 percent), mineral products (-9.8 percent) and vehicles and transport equipment (-9.1 percent). In contrast, shipments of precious metals and stones went up 7.3 percent. 

In November, the country’s trade gap with the American countries, Europe and Asia narrowed 46.4 percent, 35.2 percent and 11.6 percent, respectively. The surplus with Africa widened 65.8 percent.

The cumulative deficit for 2014 is ZAR 101.13 billion compared to ZAR 73.22 billion in 2013.

Excluding trade with neighbors Botswana, Lesotho, Namibia and Swaziland, the country’s trade gap amounted to ZAR 16.3 billion in November and ZAR 197.25 billion year-to-date.

South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
12/30/2014 12:34:22 PM


Recent Releases

South Africa Trade Deficit at 16-Month High
South African trade gap widened to ZAR 21.32 billion in October from a revised ZAR 3.05 billion in the previous month due to a sharp rise in imports. Published on 2014-11-28

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. Published on 2014-10-31


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-31 12:00 PM
Balance of Trade  Sep
ZAR -2.91B ZAR -16.7B (R) ZAR -12.15B ZAR -9.4B
2014-11-28 12:00 PM
Balance of Trade  Oct
ZAR -21.33B ZAR -3.05B (R) ZAR -6.0B ZAR -10.6B
2014-12-30 12:00 PM
Balance of Trade  Nov
ZAR -5.7B ZAR -21.6B (R) ZAR -7.0B ZAR -8.7B
2015-01-30 12:00 PM
Balance of Trade  Dec
ZAR -5.7B ZAR 1.5B ZAR -7.5B
2015-02-27 12:00 PM
Balance of Trade  Jan
ZAR -12.8B
2015-03-31 01:00 PM
Balance of Trade  Feb
ZAR -10.4B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -5703.74 -21625.61 10327.90 -24487.20 ZAR Million [+]
Exports 83952.58 88696.24 90629.29 55.80 ZAR Million [+]
Imports 89656.33 110321.85 110321.85 66.10 ZAR Million [+]
Current Account -230000.00 -235000.00 14045.00 -235000.00 ZAR Million [+]
Current Account to GDP -5.80 -5.20 6.00 -7.50 percent [+]
External Debt 142314.00 141837.00 142314.00 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 -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico 254.00 Dec/14 -1076.36 1710.25 -3292.30 USD Million [+]
Netherlands 4531.00 Nov/14 4849.00 4948.70 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5780.00 Dec/14 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8316.49 Nov/14 -6273.41 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]