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

South Africa posted a trade surplus of ZAR 5.1 billion in April of 2017 compared to a downwardly revised ZAR 11.3 billion surplus in March and slightly below market expectations of ZAR 5.5 billion. Exports fell 9.2 percent to ZAR 91.8 billion, due to lower sales of precious metals and stones, vehicles & transport equipment, machinery & electronics and chemicals. Imports went down 3.4 percent to ZAR 86.7 billion, driven by purchases of optical photographic products, original equipment components, vegetables, and chemicals. Balance of Trade in South Africa averaged -10.84 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-31 12:00 PM Feb ZAR 5.22B ZAR -11.22B ZAR 1B
2017-04-28 12:00 PM Mar ZAR11.4B ZAR4.78B ZAR -4B
2017-05-31 12:00 PM Apr ZAR5.1B ZAR11.3B ZAR5.5B ZAR 5B
2017-06-30 12:00 PM May ZAR5.1B ZAR2.5B
2017-07-31 12:00 PM Jun
2017-08-31 12:00 PM Jul




South Africa Trade Surplus Narrows In April


South Africa posted a trade surplus of ZAR 5.1 billion in April of 2017 compared to a downwardly revised ZAR 11.3 billion surplus in March and slightly below market expectations of ZAR 5.5 billion. Exports fell 9.2 percent to ZAR 91.8 billion, due to lower sales of precious metals and stones, vehicles & transport equipment, machinery & electronics and chemicals. Imports went down 3.4 percent to ZAR 86.7 billion, driven by purchases of optical photographic products, original equipment components, vegetables, and chemicals.

Exports fell to ZAR 91.8 billion, mainly driven by lower sales of vehicles & transport equipment (-18 percent), machinery & electronics (-18 percent), precious metals and stones (-8 percent), chemicals (-9 percent). In contrast, sales of mineral products went up 10 percent. Major destinations for exports were China (9.4 percent of total exports), Germany (7.7 percent), the US (6.9 percent), India (5 percent) and Japan (4.5 percent).

Imports decreased to 86.7 billion, as purchases went down for: optical photographic products (-26 percent); original equipment components (17 percent); vegetables (-22 percent) and chemicals (-4 percent). In contrast, imports of vehicles & transport equipment rose 4 percent. Imports came mainly from China (17.3 percent of total imports), Germany (10.5 percent), the US (6.3 percent), Saudi Arabia (5.9 percent) and  India (5 percent).

Excluding trade with neighboring Botswana, Lesotho, Namibia and Swaziland, the country posted a trade deficit of ZAR 1.19 billion in April. 

South African Revenue Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/31/2017 12:23:03 PM



South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 5083.17 11283.50 18730.94 -23426.17 ZAR Million [+]
Exports 91777.60 101064.00 105163.26 55.80 ZAR Million [+]
Imports 86694.40 89780.60 110258.82 66.10 ZAR Million [+]
Current Account -91499.00 -76438.00 15627.00 -241786.00 ZAR Million [+]
Current Account to GDP -3.30 -4.40 6.00 -7.50 percent [+]
External Debt 142833.00 141530.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1258642.00 1180301.00 1558854.00 37430.00 [+]
Gold Reserves 125.25 125.25 183.51 123.48 Tonnes [+]
Terrorism Index 3.53 4.23 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 1873.00 1958.00 2089.00 1.00 ZAR Billion [+]

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



South Africa Balance of Trade Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5083.17 11283.50 18730.94 -23426.17 1957 - 2017 ZAR Million Monthly



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 408.10 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico 616.79 Apr/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17