South Africa Trade Surplus Widens in June


The trade surplus in South Africa rose to ZAR 4.42 billion in June of 2019 from a downwardly revised ZAR 1.70 billion in the previous month. Exports fell 3.2 percent from a month earlier while imports declined at a faster 5.8 percent.

Exports dropped 3.2 percent month-over-month to ZAR 108.17 billion in June, dragged by lower sales of chemicals products (-21 percent); base metals (-7 percent) and machinery & electronics (-7 percent). On the other hand, shipments of vegetables products (+13 percent) and wood pulp & paper products (+65 percent) increased. The most important export partners were China (11.3 percent of total sales), Germany (7.0 percent), the US (6.6 percent), the UK (5.2 percent) and India (4.8 percent).

Meantime, imports slumped 5.8 percent from a month earlier to ZAR 103.75 billion, as purchases fell for machinery & electronics (-15 percent); chemical products (-14 percent); vehicles & transport equipment (-12 percent) and base metals (-12 percent) while imports of mineral products went up 11 percent. Main import partners were China (17.0 percent of total purchases), Germany (10.4 percent), the US (6.0 percent), Nigeria (5.9 percent) and Saudi Arabia (5.3 percent).

Excluding trade with neighbouring Botswana, Lesotho, Namibia and Swaziland, the country's trade gap was ZAR 3.71 billion. Exports decreased 2.4 percent to ZAR 96.59 billion and imports went down 5.7 percent to ZAR 100.30 billion. 

South Africa Trade Surplus Widens in June


South African Revenue Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
7/31/2019 12:21:43 PM