South Africa's trade surplus rose to ZAR 52.77 billion in March of 2021 from an upwardly revised ZAR 31.22 billion in the previous month and beating market consensus of a ZAR 25 billion. It was the largest monthly trade surplus ever recorded, as exports jumped 28.9% to ZAR 168.29 billion boosted by shipments of precious metals & stones (41%); vehicles & transport equipment (32%); mineral products (22%); vegetable products (43%) and chemicals (31%). Meantime, imports advanced at a slower 16.3% to ZAR 115.52 billion, lifted by purchases of chemicals (46%); machinery & electronics (20%); vehicles & transport equipment (30%) and original equipment components (15%). source: South African Revenue Service

Balance of Trade in South Africa averaged 611.29 ZAR Million from 1957 until 2021, reaching an all time high of 52768.64 ZAR Million in March of 2021 and a record low of -36029.24 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 May of 2021.

Balance of Trade in South Africa is expected to be 16500.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in South Africa to stand at -1542.00 in 12 months time. In the long-term, the South Africa Balance of Trade is projected to trend around 20000.00 ZAR Million in 2022 and 31300.00 ZAR Million in 2023, 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.

Please Paste this Code in your Website
width
height
South Africa Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
52768.64 31224.43 52768.64 -36029.24 1957 - 2021 ZAR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 12:00 PM Dec ZAR 32B ZAR35B ZAR35B ZAR 42B
2021-02-26 12:00 PM Jan ZAR11.83B ZAR33B ZAR15.2B ZAR 25B
2021-03-31 12:00 PM Feb ZAR28.96B ZAR12.42B ZAR19.5B ZAR 20B
2021-04-30 12:00 PM Mar ZAR52.77B ZAR31.226B ZAR25B ZAR 18B
2021-05-31 12:00 PM Apr ZAR52.77B
2021-06-30 12:00 PM May
2021-07-30 12:00 PM Jun ZAR 10B
2021-08-31 12:00 PM Jul


News Stream
South Africa Posts Record Trade Surplus in March
South Africa's trade surplus rose to ZAR 52.77 billion in March of 2021 from an upwardly revised ZAR 31.22 billion in the previous month and beating market consensus of a ZAR 25 billion. It was the largest monthly trade surplus ever recorded, as exports jumped 28.9% to ZAR 168.29 billion boosted by shipments of precious metals & stones (41%); vehicles & transport equipment (32%); mineral products (22%); vegetable products (43%) and chemicals (31%). Meantime, imports advanced at a slower 16.3% to ZAR 115.52 billion, lifted by purchases of chemicals (46%); machinery & electronics (20%); vehicles & transport equipment (30%) and original equipment components (15%).
2021-04-30
South Africa Trade Surplus Above Estimates
South Africa's trade surplus rose to ZAR 28.96 billion in February of 2021 from an upwardly revised ZAR 12.42 billion in the previous month and beating market consensus of a ZAR 19.5 billion surplus. Exports jumped 16.5% to ZAR 128.25 billion, mainly boosted by sales of vehicles & transport equipment (73%); machinery & electronics (26%) and base metals (25%). Meantime, imports advanced at a much slower 1.6 percent to ZAR 99.29 billion, as higher purchases of mineral products (32%) and original equipment components (16%) were partly offset by declines in those of machinery & electronics (-9%); vehicles & transport equipment (-14%) and chemical products (-12%).
2021-03-31
South Africa Posts Smallest Trade Surplus in 9 Months
South Africa's trade surplus widened to ZAR 11.83 billion in January 2021, from a revised ZAR 33.1 billion in the previous month and compared with market expectations of ZAR 15.2 billion. It was the smallest monthly trade surplus since April, as exports fell 13.6 percent due to lower sales of mineral products (-13 percent), base metals (-21 percent), machinery & electronics (-26 percent), and vehicles & transport equipment (-38 percent). Meanwhile, exports of animal & vegetable fats jumped 578 percent. Imports were up 4.2 percent, due to purchases of vegetable products (28 percent), base metals (16 percent), vehicles & transport equipment (16 percent), and original equipment components (56 percent). Imports of machinery & electronics, however, were down 4 percent.
2021-02-26
South Africa Trade Surplus Narrows in December
South Africa's trade surplus decreased to ZAR 32 billion in December of 2020 from a downwardly revised ZAR 35 billion in the prior month and missing market expectations of a ZAR 35 billion surplus. Exports fell at a faster 8.2 percent to ZAR 125.9 billion, dragged down by lower sales of precious metals & stones (-24%); vehicles & transport equipments (-24%) and prepared foodstuff (-17 percent). Meantime, imports fell 7.8 percent to ZAR 93.9 billion, amid lower acquisitions of machinery & electronics (-10%); base metals (-22%); original equipment components (-19%) and textiles (-20%). Considering the full year of 2020, the country's trade surplus widened sharply to ZAR 270.6 billion from ZAR 23.7 billion in the previous year, as exports surged 7.5% whereas imports slipped 11.8%.
2021-01-29

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.