South Africa Trade Balance Swings to Surplus

South Africa posted a ZAR 483 million trade surplus in March of 2015, compared to a revised ZAR 8.7 billion deficit in February due to a surge in exports of precious metals and stones.

Exports increased 19.3 percent from the previous month to ZAR 91.3 billion. Sales of precious metals and stones (+37.8 percent) and machinery and electronics (+25.1 percent) led the rise, followed by base metals (+15.5 percent), vehicle and transport equipment (+12.6 percent) and mineral products (+8.3 percent).

Imports rose 6.5 percent month-over-month to ZAR 90.68 billion. Only sales of vegetable products showed a 41.5 percent while the remaining categories increased.

Excluding trade with neighbor countries Botswana, Lesotho, Namibia and Swaziland, South Africa posted a ZAR 8.58 billion deficit in March.

The cumulative deficit for 2015 is ZAR 32.62 billion compared to ZARR 27.22 billion in 2014. 

South Africa Trade Balance Swings to Surplus

South African Revenue Service | Joana Taborda |
4/30/2015 1:15:18 PM