South Africa’s trade surplus rose slightly to ZAR 24.76 billion in July of 2022 from ZAR 24.23 billion in the previous month. Imports declined 5% month-over-month to ZAR 152.47 billion amid reduced purchases of mineral products (-17%), vehicles & transport equipment (-7%), base metals (-6%) and original equipment components (-6%). Top import partners were China (19.9% of total purchases), India (7.8%), Germany (7.3%) and the US (6.9%). Meanwhile, exports fell by a softer 4.1% to ZAR 177.23 billion, due to lower shipments of precious metals & stones (-17%), mineral products (-2%) and vehicles & transport equipment (-4%). Conversely, increases were observed for machinery & electronics (11%) and vegetable products (7%). The main export partners were China (12.3% of total shipments), the US (8.1%) and Germany (7.6%). source: South African Revenue Service

Balance of Trade in South Africa averaged 1221.07 ZAR Million from 1957 until 2022, reaching an all time high of 53860.75 ZAR Million in March of 2021 and a record low of -36047.79 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 2022.

Balance of Trade in South Africa is expected to be 26000.00 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 35000.00 ZAR Million in 2023 and 18000.00 ZAR Million in 2024, according to our econometric models.

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South Africa Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 12:00 PM Jun ZAR24.23B ZAR30.85B ZAR25.5B ZAR 34B
2022-08-31 12:00 PM Jul ZAR24.76B ZAR24.23B ZAR18B
2022-09-30 12:00 PM Aug ZAR24.76B ZAR20.8B ZAR22B


Related Last Previous Unit Reference
Balance of Trade 24763.88 24230.38 ZAR Million Jul 2022
Imports 152468.33 160520.40 ZAR Million Jul 2022
Exports 177232.21 184750.78 ZAR Million Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
24763.88 24230.38 53860.75 -36047.79 1957 - 2022 ZAR Million Monthly

News Stream
South Africa Trade Surplus Widens in July
South Africa’s trade surplus rose slightly to ZAR 24.76 billion in July of 2022 from ZAR 24.23 billion in the previous month. Imports declined 5% month-over-month to ZAR 152.47 billion amid reduced purchases of mineral products (-17%), vehicles & transport equipment (-7%), base metals (-6%) and original equipment components (-6%). Top import partners were China (19.9% of total purchases), India (7.8%), Germany (7.3%) and the US (6.9%). Meanwhile, exports fell by a softer 4.1% to ZAR 177.23 billion, due to lower shipments of precious metals & stones (-17%), mineral products (-2%) and vehicles & transport equipment (-4%). Conversely, increases were observed for machinery & electronics (11%) and vegetable products (7%). The main export partners were China (12.3% of total shipments), the US (8.1%) and Germany (7.6%).
2022-08-31
South Africa Trade Surplus Narrows in June
South Africa’s trade surplus narrowed to ZAR 24.23 billion in June of 2022 from an upwardly revised ZAR 30.85 billion in the previous month and below market expectations of ZAR 25.5 billion. Exports rose 1.6 percent while imports accelerated at a faster 6.3 percent. Considering the first half of the year, the country’s trade surplus shrank to ZAR 133.52 billion from ZAR 249.86 billion in the corresponding period of last year.
2022-07-29
South Africa Trade Surplus Larger than Expected
South Africa’s trade surplus broadened to ZAR 28.35 billion in May of 2022 from an upwardly revised ZAR 16 billion in the previous month and above markets forecasts of ZAR 22 billion. Exports advanced 17.8% to ZAR 179.46 billion, mainly due to higher shipments of mineral products (35%), base metals (28%), chemical products (21%) and vegetable products (24%). Meanwhile, imports rose at a softer 10.9% to ZAR 151.11 billion, driven by mineral products (11%).
2022-06-30