The trade surplus in South Africa shrank to ZAR 36.96 billion in July of 2021, compared to a downwardly revised ZAR 54.5 billion in June and below market expectations of ZAR 45 billion. It was the smallest trade surplus since February, as exports slipped 11.2% to a five-month low of ZAR 145.01 billion, weighed down by fewer shipments of precious metals & stones (-16%), chemical products (-21%), base metals (-9%), machinery & electronics (-9%) and vehicles & transport equipment (-20%). Among top trading partners, sales fell to Europe (-26.5%), Africa (-5.8%) and America (-8.6%), but rose to Asia (1.9%). Meanwhile, imports went down 0.7% to a five-month low of ZAR 108.04 billion, with declines seen in wood pulp & paper (-30%) and base metals (-21%). Imports from Asia, the most relevant origin of imports, fell 1.5%. source: South African Revenue Service
Balance of Trade in South Africa averaged 857.85 ZAR Million from 1957 until 2021, reaching an all time high of 54481.23 ZAR Million in June of 2021 and a record low of -36098.28 ZAR Million in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Balance of Trade in South Africa is expected to be 48000.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Balance of Trade is projected to trend around 45000.00 ZAR Million in 2022 and 50000.00 ZAR Million in 2023, according to our econometric models.