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%). source: South African Revenue Service

Balance of Trade in South Africa averaged 1159.76 ZAR Million from 1957 until 2022, reaching an all time high of 53854.56 ZAR Million in March of 2021 and a record low of -36048.05 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 July of 2022.

Balance of Trade in South Africa is expected to be 13800.00 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.

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South Africa Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 12:00 PM Apr ZAR15.49B ZAR47.20B ZAR38B
2022-06-30 12:00 PM May ZAR28.35B ZAR16.01B ZAR22B ZAR30B
2022-07-29 12:00 PM Jun ZAR28.35B ZAR 4B


Related Last Previous Unit Reference
Balance of Trade 28349.88 16006.28 ZAR Million May 2022
Imports 151112.33 136277.04 ZAR Million May 2022
Exports 179462.21 152283.33 ZAR Million May 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
28349.88 16006.28 53854.56 -36048.05 1957 - 2022 ZAR Million Monthly

News Stream
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
South Africa Trade Surplus Narrows in April
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%).
2022-05-31
South Africa Trade Surplus Rises More than Expected in March
South Africa’s trade surplus widened to ZAR 45.86 billion in March of 2022 from an upwardly revised ZAR 11.5 billion in the previous month, the highest since June 2021 and well above market expectations for a ZAR 19.9 billion surplus. Exports surged by 30.9 percent month-over-month to ZAR 185.82 billion while imports rose at a much softer 7.3 percent to ZAR 139.96 billion. Considering the first three months of 2022, the country’s trade surplus narrowed to ZAR 62.10 billion from ZAR 99.06 billion a year earlier, as exports increased by 9.8 percent year-on-year whilst imports increased by 21.3 percent over the same period.
2022-04-29