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.