South Africa Balance of Trade  1957-2017 | Data | Chart | Calendar

South Africa trade surplus increased to ZAR 4.56 billion in October of 2017 from an upwardly revised ZAR 4.48 billion surplus in September, and above market expectations of a ZAR 1.00 billion deficit. Exports increased 2.2 percent and imports went up 2.3 percent. Considering the January to October period, exports increased 6.6 percent and imports decreased 0.2 percent, shifting the country's trade balance into a ZAR 51.62 billion surplus from a ZAR 9.9 billion gap in the same period of 2016. Balance of Trade in South Africa averaged 67.45 ZAR Million from 1957 until 2017, reaching an all time high of 18730.94 ZAR Million in May of 2016 and a record low of -23426.17 ZAR Million in January of 2015.

South Africa Balance of Trade
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South Africa Trade Surplus Widens Slightly in October


South Africa trade surplus increased to ZAR 4.56 billion in October of 2017 from an upwardly revised ZAR 4.48 billion surplus in September, and above market expectations of a ZAR 1.00 billion deficit. Exports increased 2.2 percent and imports went up 2.3 percent. Considering the January to October period, exports increased 6.6 percent and imports decreased 0.2 percent, shifting the country's trade balance into a ZAR 51.62 billion surplus from a ZAR 9.9 billion gap in the same period of 2016.

Compared with the previous month, exports increased to ZAR 104.5 billion, led by mineral products (12 percent); base metals (13 percent); chemical products (20 percent), machinery and electronics (7 percent); prepared foodstuff (8 percent); textiles (16 percent), while vehicles and transport equipment (-8 percent) and vegetable goods (-44 percent) fell. Major destinations for sales were China (11.0 percent); the US (7.3 percent); India (5.9 percent); Germany (5.7 percent); and Namibia (4.6 percent).

Imports advanced to ZAR 99.9 billion, due to higher purchases of machinery and electronics (14 percent); wood pulp and paper (56 percent); precious metals and stones (69 percent), chemicals (7 percent) and original equipment components (7 percent). Imports came mostly from China (20.2 percent of total imports); Germany (11.2 percent); the US (5.6 percent); India (4.7 percent) and Saudi Arabia (4.6 percent).

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a trade deficit of ZAR 4.2 billion in October compared to a ZAR 3.8 billion gap in September.

South African Revenue | ServiceStefanie Moya | stefanie.moya@tradingeconomics.com
11/30/2017 2:21:39 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-29 12:00 PM Balance of Trade ZAR5.94B ZAR9.33B ZAR 3.2B ZAR 2.5B
2017-10-31 12:00 PM Balance of Trade ZAR4.00B ZAR5.98B ZAR7B ZAR7.0B
2017-11-30 12:15 PM Balance of Trade ZAR4.56B ZAR4.48B ZAR-1.00B ZAR-1.1B
2017-12-28 12:00 PM Balance of Trade ZAR4.56B ZAR4.65B
2018-01-31 12:00 PM Balance of Trade
2018-02-28 12:00 PM Balance of Trade


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 4560.00 4482.80 18730.94 -23426.17 ZAR Million [+]
Exports 104507.80 102219.90 105163.26 55.80 ZAR Million [+]
Imports 99946.30 97737.10 110258.82 66.10 ZAR Million [+]
Current Account -108888.00 -110722.00 15627.00 -241786.00 ZAR Million [+]
Current Account to GDP -3.30 -4.40 6.00 -7.50 percent [+]
External Debt 158533.00 152128.00 158533.00 33262.00 USD Million [+]
Tourist Arrivals 1300502.00 1302312.00 1559295.00 37430.00 [+]
Gold Reserves 125.25 125.25 183.51 123.48 Tonnes [+]
Terrorism Index 4.09 3.53 4.23 0.22 [+]
Weapons Sales 59.00 61.00 235.00 1.00 USD Million [+]
Crude Oil Production 2.00 2.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1830.00 1842.00 2101.00 0.00 ZAR Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



South Africa Balance of Trade

In 2015, South Africa recorded the biggest trade deficits with China, Germany, Nigeria, Saudi Arabia, Thailand, France, Italy and India and the biggest trade surpluses with Botswana, Namibia, Zambia, Zimbabwe, Mozambique, Belgium and Japan. . 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4560.00 4482.80 18730.94 -23426.17 1957 - 2017 ZAR Million Monthly




balance of trade by Country
Country Last
Australia 105.00 Oct/17
Brazil 3545.75 Nov/17
Canada -1474.50 Oct/17
China 402.10 Nov/17
Euro Area 18923.20 Oct/17
France -4956.00 Oct/17
Germany 18900.00 Oct/17
India -13829.20 Nov/17
Indonesia 127.20 Nov/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -2066.00 Oct/17
Netherlands 5157.00 Oct/17
Russia 9832.00 Oct/17
South Korea 7800.00 Nov/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -7324.23 Oct/17
United Kingdom -1405.00 Oct/17
United States -48731.00 Oct/17