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.
South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
4/30/2015 1:15:18 PM
Exports increased 19.3 percent from the previous month to ZAR 91.3 billion. Sales of precious metals and stones (+37.8 percent) and machinery and electronics (+25.1 percent) led the rise, followed by base metals (+15.5 percent), vehicle and transport equipment (+12.6 percent) and mineral products (+8.3 percent).

Imports rose 6.5 percent month-over-month to ZAR 90.68 billion. Only sales of vegetable products showed a 41.5 percent while the remaining categories increased.

Excluding trade with neighbor countries Botswana, Lesotho, Namibia and Swaziland, South Africa posted a ZAR 8.58 billion deficit in March.

The cumulative deficit for 2015 is ZAR 32.62 billion compared to ZARR 27.22 billion in 2014. 

South Africa Trade Balance Swings to Surplus