Terms of Trade in South Africa increased to 122.50 points in the first quarter of 2026 from 117.20 points in the fourth quarter of 2025. Terms of Trade in South Africa averaged 77.02 points from 1960 until 2026, reaching an all time high of 130.30 points in the second quarter of 2021 and a record low of 42.30 points in the third quarter of 1965. source: South African Reserve Bank
Terms of Trade in South Africa is expected to be 108.48 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Terms of Trade Including Gold is projected to trend around 110.12 points in 2027, according to our econometric models.