South Africa Balance of Trade  1957-2016 | Data | Chart | Calendar

South Africa recorded a trade surplus of ZAR 2.9 billion in March of 2016 from a deficit of ZAR 1.2 billion in the previous month. Exports increased 6.3 percent, as sales of mineral products, base metals, and precious metals and stones rose while imports went up by 2.6 percent, mainly due to higher purchases of mineral products, plastics and rubber and machinery and electronics. So far this year, the trade deficit narrowed 39.1 percent to ZAR 17.9 billion compared to ZAR 29.5 billion a year earlier. Balance of Trade in South Africa averaged -59.54 ZAR Million from 1957 until 2016, reaching an all time high of 14961.41 ZAR Million in December of 2010 and a record low of -23426.17 ZAR Million in January of 2015. 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
2915.79 -1266.77 14961.41 -23426.17 1957 - 2016 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. South Africa Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-29 12:00 PM Jan ZAR -17.87B ZAR 7.55B ZAR -14.1B ZAR -9.5B
2016-03-31 12:00 PM Feb ZAR -1.07B ZAR -17.96B ZAR -4.65B ZAR -5.1B
2016-04-29 12:00 PM Mar ZAR 2.92B ZAR -1.26B ZAR -2B ZAR -1.5B
2016-05-31 12:00 PM Apr ZAR 2.92B ZAR -1.7B
2016-06-30 12:00 PM May -1711.39
2016-08-01 12:00 PM Jun -2203.37

South Africa Trade Balance Shifts to Surplus


South Africa recorded a trade surplus of ZAR 2.9 billion in March of 2016 from a deficit of ZAR 1.2 billion in the previous month. Exports increased 6.3 percent, as sales of mineral products, base metals, and precious metals and stones rose while imports went up by 2.6 percent, mainly due to higher purchases of mineral products, plastics and rubber and machinery and electronics. So far this year, the trade deficit narrowed 39.1 percent to ZAR 17.9 billion compared to ZAR 29.5 billion a year earlier.

Exports rose by ZAR 5.66 billion or 6.3 percent to ZAR 96.1 billion in March of 2016 from ZAR 90.47 billion in February, mainly due to higher sales of mineral products (+17 percent), base metals (+11 percent), and precious metals and stones (+6.0 percent) and other unclassified (+87 percent). In contrast, exports of prepared foodstuff's dropped 9 percent. South African exports major destinations were China (8.4 percent of total exports), Germany (8.3 percent), the US (8.0 percent), Botswana (5.3 percent) and India (4.4 percent).

Imports rose by ZAR 1.47 billion or 1.6 percent to ZAR 93.2 billion from ZAR 91.7 billion in the previous month, as purchases of mineral products (+23 percent), plastics and rubber (+22 percent) and machinery and electronic (+4percentt) led the increase. Meanwhile, imports of textiles (-23 percent) and vehicles and transport equipment (-22 percent) fell. The main sources of imports to the country were China (14 percent of total imports), Germany (13 percent), the US (6.6 percent), India (5.1 percent) and Japan (3.7 percent).

So far this year, the trade deficit narrowed 39.1 percent to ZAR 17.9 billion compared to ZAR 29.5 billion a year earlier. 

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a ZAR 6.2 billion deficit in March. 

South African Revenue Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/29/2016 1:57:54 PM

South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 2915.79 -1266.77 14961.41 -23426.17 ZAR Million [+]
Exports 96133.70 71392.81 93133.20 55.80 ZAR Million [+]
Imports 93217.90 89356.78 110258.82 66.10 ZAR Million [+]
Current Account -208204.00 -172072.00 15627.00 -232546.00 ZAR Million [+]
Current Account to GDP -4.40 -5.40 6.00 -7.50 percent [+]
External Debt 124070.00 134463.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1435879.00 1285698.00 1558854.00 37430.00 [+]
Gold Reserves 125.22 125.19 183.51 123.48 Tonnes [+]
Crude Oil Production 3.00 3.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1942.00 1624.00 1942.00 1.00 ZAR Billion [+]
Terrorism Index 4.23 3.52 4.23 0.22 [+]
Weapons Sales 39.00 59.00 235.00 1.00 USD Million [+]




Last
Afghanistan -7159.00 Dec/15
Albania -27150.00 Mar/16
Algeria -1270.00 Sep/15
Angola 3002.24 Dec/15
Argentina 332.00 Apr/16
Armenia -318.80 Apr/16
Aruba -491.66 Sep/15
Australia -2163.00 Mar/16
Austria -544.00 Feb/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -48.12 Feb/16
Barbados -254822.00 Dec/15
Belarus -293.60 Mar/16
Belgium 2055.90 Mar/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana 549.30 Feb/16
Brazil 4860.00 Apr/16
Brunei 307.80 Mar/16
Bulgaria -289.30 Mar/16
Burkina Faso -49.00 Sep/14
Burundi -52214.90 Dec/15
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -3414.00 Mar/16
Cape Verde -4178.80 Mar/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 556.00 Apr/16
China 455.62 Apr/16
Colombia -1.29 Mar/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -464.40 Apr/16
Croatia -5528.98 Mar/16
Cuba -7926.60 Dec/14
Cyprus -264946.00 Mar/16
Czech Republic 53900.00 Mar/16
Denmark 8108.60 Mar/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 18691.00 Mar/16
Egypt -2258.00 Mar/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -172.33 Mar/16
Ethiopia -3557.70 Dec/15
Euro Area 28644.00 Mar/16
European Union 7202.30 Mar/16
Fiji -185801.00 Nov/15
Finland -265.00 Mar/16
France -4368.00 Mar/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -821.90 Apr/16
Germany 26000.00 Mar/16
Ghana -1226.00 Sep/15
Greece -1535.24 Mar/16
Guatemala -405.70 Mar/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -31027.00 Apr/16
Hungary 300000.00 Mar/16
Iceland -6600.00 Apr/16
India -4840.00 Apr/16
Indonesia 670.00 Apr/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4106000.00 Mar/16
Israel -950.30 Apr/16
Italy 5360.00 Mar/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 823.47 Apr/16
Jordan -741181.00 Feb/16
Kazakhstan 784.90 Mar/16
Kenya -60391.09 Mar/16
Kosovo -227670.00 Apr/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -192.00 Mar/16
Lebanon -1529.88 Mar/16
Lesotho -2961.47 Dec/15
Liberia -78.20 Feb/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -228.70 Mar/16
Luxembourg -0.44 Mar/16
Macau -4479038.32 Mar/16
Macedonia -193229.00 Mar/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 11192.61 Mar/16
Maldives -133.30 Feb/16
Mali -100.60 Mar/15
Malta -177981.00 Mar/16
Mauritania -24.89 Dec/15
Mauritius -6913.00 Mar/16
Mexico -2079.60 Apr/16
Moldova -233.00 Mar/16
Monaco -22.60 Dec/15
Mongolia 124.70 Apr/16
Montenegro -155940.00 Apr/16
Morocco -15231.00 Apr/16
Mozambique -1754.40 Dec/15
Myanmar -72.20 Sep/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 5017.00 Mar/16
New Caledonia -9528.00 Feb/16
New Zealand 292.00 Apr/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -476.67 Dec/15
Norway 10602.00 Apr/16
Oman -45.20 Dec/15
Pakistan -225061.00 Apr/16
Palestine -326.70 Mar/16
Panama -950888.00 Mar/16
Papua New Guinea 4191.00 Sep/15
Paraguay 125672.34 Apr/16
Peru -45.00 Mar/16
Philippines -1747000.00 Mar/16
Poland 204.00 Mar/16
Portugal -1039.99 Mar/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -973.90 Mar/16
Russia 7712.00 Mar/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -406.80 Mar/16
Seychelles -31.02 Mar/16
Sierra Leone -33.70 Dec/15
Singapore 5843.00 Apr/16
Slovakia 308.00 Mar/16
Slovenia 133.87 Mar/16
Somalia -1473.48 Dec/15
South Africa 2915.79 Mar/16
South Korea 8800.00 Apr/16
South Sudan -3492.00 Dec/14
Spain -795890.00 Mar/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 1217.38 Dec/15
Sweden 4400.00 Apr/16
Switzerland 2504.00 Apr/16
Syria 9394.50 Dec/10
Taiwan 4802.67 Apr/16
Tajikistan -169.20 Mar/16
Tanzania 19.70 Feb/16
Thailand 721.35 Apr/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1578.70 Apr/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -164.60 Mar/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3830.00 Mar/16
United States -40440.00 Mar/16
Uruguay -123578.00 Mar/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -400.00 May/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14