South Africa recorded a trade surplus of ZAR 3.5 billion in April 2023, below market estimates of ZAR 4.95 billion and a downwardly revised ZAR 6.3 billion in the prior month. Exports tumbled 14.5% over a month earlier to ZAR 163 billion, mainly on lower shipments of precious metals & stones (-30%); machinery & electronics (-22%); base metals (-14%) and vegetable products (-14%). Among trading partners, overseas sales decreased to Europe (-15.9%), Africa (-13.4%), Asia (-12%) and America (-7.6%) but rose to Oceania (+2.5%). Meanwhile, imports fell at a slower 13.5% to ZAR 160.3 billion, amid sharp declines in purchases of mineral products (-34%); vehicles & transport equipment (-25%); wood pulp & paper (-30%) and chemical products (-12%). Among trading partners, acquisitions were reduced from Asia (-10.1%), Africa (-33.6%), Europe (-17.4%) and Oceania (-11%), but increased from America (+2.3%). source: South African Revenue Service
Balance of Trade in South Africa averaged 1239.59 ZAR Million from 1957 until 2023, reaching an all time high of 52735.69 ZAR Million in March of 2021 and a record low of -36051.45 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 2023.
Balance of Trade in South Africa is expected to be -16000.00 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 1000.00 ZAR Million in 2024 and 35000.00 ZAR Million in 2025, according to our econometric models.