South Africa’s trade surplus shrank to ZAR 15.49 billion in April of 2022 from an upwardly revised ZAR 47.20 billion in the previous month. Exports slipped by 19.1% from a month earlier to ZAR 151.79 billion, amid declines across all main categories, notably mineral products (-26%), base metals (-27%) and precious metals & stones (-18%). Main export partners were Germany (9.8% of total shipments), the US (9.2%), China (8%), Japan (7.4%) and the UK (6.5%). At the same time, imports fell at a slower 2.9% to ZAR 136.30 billion, mainly due to reduced purchases of wood pulp & paper (-30%), base metals (-14%) and original equipment components (-11%). Top import partners were China (18% of total purchases), Germany (7.6%), India (7.2%) and the US (6.5%). source: South African Revenue Service
Balance of Trade in South Africa averaged 1128.55 ZAR Million from 1957 until 2022, reaching an all time high of 53860.15 ZAR Million in March of 2021 and a record low of -36049.47 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 June of 2022.
Balance of Trade in South Africa is expected to be 4000.00 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 2000.00 ZAR Million in 2023 and 13000.00 ZAR Million in 2024, according to our econometric models.