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.