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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
South Africa Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 12:00 PM Mar ZAR45.86B ZAR11.5B ZAR19.9B ZAR 25B
2022-05-31 12:00 PM Apr ZAR15.49B ZAR47.20B ZAR38B
2022-06-30 12:00 PM May ZAR15.49B ZAR12.80B ZAR10B


Related Last Previous Unit Reference
Balance of Trade 15493.28 47196.05 ZAR Million Apr 2022
Imports 136297.68 140400.90 ZAR Million Apr 2022
Exports 151790.96 187596.95 ZAR Million Apr 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
15493.28 47196.05 53860.15 -36049.47 1957 - 2022 ZAR Million Monthly

News Stream
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
South Africa Trade Surplus Widens in February
South Africa’s trade surplus rose to ZAR 10.6 billion in February of 2022, from a downwardly revised ZAR 4.07 billion in the previous month. Exports advanced 8% month-over-month to ZAR 141.15 billion, boosted by shipments of vehicles & transport equipment (79%); machinery & electronics (31%) and mineral products (8%). Main export partners were Germany (10.3% of total shipments), the US (9.2%), China (8.4%), Japan (6%) and the UK (5.6%). Meanwhile, imports increased at a slower 3.1% to ZAR 130.55 billion, driven by purchases of mineral products (35%); vegetable products (44%) and base metals (15%). Top import partners included China (22.9% of total purchases), the US (7.3%), Germany (6.9%) and India (4.8%).
2022-03-31