South Africa Balance of Trade  1957-2018 | Data | Chart | Calendar

South Africa trade balance shifted to ZAR 9.47 billion surplus in March of 2018, from an upwardly revised ZAR 0.60 billion deficit in the previous month, and well above market expectations of a ZAR 3.7 billion surplus. It was the smallest trade surplus since October last year. Considering the first quarter of the year, the country recorded a trade deficit of ZAR 18.6 billion. Balance of Trade in South Africa averaged 68.93 ZAR Million from 1957 until 2018, reaching an all time high of 18730.94 ZAR Million in May of 2016 and a record low of -27700 ZAR Million in January of 2018.

South Africa Balance of Trade
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South Africa Trade Surplus Beats Expectations


South Africa trade balance shifted to ZAR 9.47 billion surplus in March of 2018, from an upwardly revised ZAR 0.60 billion deficit in the previous month, and well above market expectations of a ZAR 3.7 billion surplus. It was the smallest trade surplus since October last year. Considering the first quarter of the year, the country recorded a trade deficit of ZAR 18.6 billion.

Exports increased 9.2 percent month-over-month to ZAR 98.3 billion in March of 2018, mostly due to higher sales of base mineral (+12 percent); precious metals and stones (15 percent); base metals (19 percent) and machinery and electronics (10 percent). The most important export partners were: China (10.2 percent of total exports), the US (7.1 percent), Germany (7.0 percent), Japan (4.7 percent) and India (4.7 percent).

Imports dropped 2.0 percent month-over-month to ZAR 88.8 billion, mainly due to a fall in purchases of vegetable products (-31 percent) and mineral (-14 percent). In contrast, purchases increased for base metals (13 percent) and machinery and electronics (6 percent). Main import partners were: China (18.1 percent of total imports), Germany (10.1 percent), the US (6.3 percent), Saudi Arabia (4.9 percent) and Thailand (3.8 percent).

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a trade surplus of ZAR 1.9 billion in March.


South African Revenue Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/30/2018 12:56:49 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-28 12:00 PM Balance of Trade ZAR-27.7B ZAR15.31B ZAR-5B ZAR 6.1B
2018-03-29 12:00 PM Balance of Trade ZAR0.43B ZAR-27.1B ZAR-3B ZAR -5.7B
2018-04-30 12:00 PM Balance of Trade ZAR9.47B ZAR-0.6B ZAR3.7B ZAR0.43B
2018-05-31 12:00 PM Balance of Trade ZAR9.47B ZAR3.7B ZAR 4.2B
2018-06-29 12:00 PM Balance of Trade ZAR 2.3B
2018-07-31 12:00 PM Balance of Trade -4221.7


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 9474.40 -603.30 18730.94 -27100.00 ZAR Million [+]
Exports 98287.10 90013.30 116185.90 55.80 ZAR Million [+]
Imports 88812.60 90616.60 110258.82 66.10 ZAR Million [+]
Current Account -137455.00 -98714.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -2.50 -2.80 6.00 -7.50 percent [+]
External Debt 173319.00 163311.00 173319.00 33262.00 USD Million [+]
Tourist Arrivals 1181071.00 1598893.00 1598893.00 37430.00 [+]
Gold Reserves 125.30 125.28 183.51 123.48 Tonnes [+]
Terrorism Index 4.09 3.53 4.23 0.22 [+]
Weapons Sales 74.00 65.00 235.00 1.00 USD Million [+]
Crude Oil Production 2.00 2.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1850.00 1916.00 2101.00 1.00 ZAR Billion [+]

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



South Africa Balance of Trade

In 2017, South Africa recorded the biggest trade deficits with China, Saudi Arabia, Germany, Thailand, France, Nigeria, Italy and Brazil and the biggest trade surpluses with Botswana, Namibia, Zambia, Zimbabwe, Mozambique, Belgium and Netherlands. 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9474.40 -603.30 18730.94 -27100.00 1957 - 2018 ZAR Million Monthly




balance of trade by Country
Country Last
Australia 1527.00 Mar/18
Brazil 6140.00 Apr/18
Canada -4139.60 Mar/18
China 287.80 Apr/18
Euro Area 26932.60 Mar/18
France -5258.00 Mar/18
Germany 25187.00 Mar/18
India -13720.00 Apr/18
Indonesia -1629.30 Apr/18
Italy 4531.06 Mar/18
Japan 625.98 Apr/18
Mexico 1917.55 Mar/18
Netherlands 5280.00 Mar/18
Russia 15001.00 Mar/18
South Korea 6611.00 Apr/18
Spain -830631.00 Mar/18
Switzerland 2315.30 Mar/18
Turkey -5855.00 Mar/18
United Kingdom -3091.00 Mar/18
United States -48956.00 Mar/18


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