South Africa recorded a trade deficit of ZAR 4.3 billion in October of 2022, compared with an upwardly revised surplus of ZAR 26.2 billion in the prior month and defying market forecasts of a ZAR 16.85 billion surplus. It was the first monthly trade shortfall since April of 2020, as exports tumbled 17% month-over-month to a six-month low of ZAR 159.6 billion, amid lower shipments for all categories, primarily mineral products (-20%), wood pulp & paper (-63%) and vegetable products (-34%). Top export partners were the US (9.7% of total overseas sales), China (7.4%) and Germany (5.8%). Meanwhile, imports decreased at a softer 1.3% to ZAR 163.9 billion, as reduced acquisitions of chemical products (-10%), plastics & rubber (-18%), textiles (-17%) and vehicles & transport equipment (-8%) were partly offset by the increase in mineral products (14%). The main import partners were China (18.5% of total purchases), India (7.9%) and the US (7.2%). source: South African Revenue Service

Balance of Trade in South Africa averaged 1232.83 ZAR Million from 1957 until 2022, reaching an all time high of 53870.45 ZAR Million in March of 2021 and a record low of -36047.86 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 December of 2022.

Balance of Trade in South Africa is expected to be -28000.00 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 5000.00 ZAR Million in 2023 and 3000.00 ZAR Million in 2024, 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



Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 12:00 PM Sep ZAR19.7B ZAR6.20B ZAR5.3B ZAR 6.5B
2022-11-30 12:00 PM Oct ZAR-4.31B ZAR26.16B ZAR16.85B ZAR 24B
2022-12-28 12:00 PM Nov ZAR-4.31B ZAR-3.5B


Related Last Previous Unit Reference
Balance of Trade -4313.88 19699.18 ZAR Million Oct 2022
Imports 163923.01 171863.04 ZAR Million Oct 2022
Exports 159609.14 191562.22 ZAR Million Oct 2022

South Africa Balance of Trade
In 2021, South Africa recorded a trade surplus for the fifth consecutive year. The top exports of South Africa are mineral products; base metals and articles of base metal; vehicles and aircraft vessels and machinery (6.8 percent), shipped primarily to China, the United States and Germany. The top imports of South Africa are machinery, mineral products, chemicals and vehicles & transport equipment, sourced mainly from China, India and the United States.
Actual Previous Highest Lowest Dates Unit Frequency
-4313.88 19699.18 53870.45 -36047.86 1957 - 2022 ZAR Million Monthly

News Stream
South Africa Trade Balance Unexpectedly Swings to Deficit
South Africa recorded a trade deficit of ZAR 4.3 billion in October of 2022, compared with an upwardly revised surplus of ZAR 26.2 billion in the prior month and defying market forecasts of a ZAR 16.85 billion surplus. It was the first monthly trade shortfall since April of 2020, as exports tumbled 17% month-over-month to a six-month low of ZAR 159.6 billion, amid lower shipments for all categories, primarily mineral products (-20%), wood pulp & paper (-63%) and vegetable products (-34%). Top export partners were the US (9.7% of total overseas sales), China (7.4%) and Germany (5.8%). Meanwhile, imports decreased at a softer 1.3% to ZAR 163.9 billion, as reduced acquisitions of chemical products (-10%), plastics & rubber (-18%), textiles (-17%) and vehicles & transport equipment (-8%) were partly offset by the increase in mineral products (14%). The main import partners were China (18.5% of total purchases), India (7.9%) and the US (7.2%).
2022-11-30
South Africa Trade Surplus Unexpectedly Widens
South Africa’s trade surplus widened to ZAR 19.7 billion in September of 2022 from a downwardly revised ZAR 6.2 billion in the previous month and well above market forecasts of ZAR 5.3 billion. Exports surged by 10% month-over-month to ZAR 191.6 billion, mainly boosted by shipments of wood pulp & paper (162%); precious metals & stones (19%) and vehicles & transport equipment (17%). Top export partners were China (9.1% of total overseas sales), the US (8.6%) and Germany (8.2%). Meanwhile, imports rose at a slower 2.3% to ZAR 171.86 billion, as higher purchases of vehicles & transport equipment (28%), mineral products (9%) and chemicals (6%) more than offset declines in those of animal and vegetable goods (-38%) and machinery & electronics (-5%). The main import partners were China (20.3% of total purchases), India (9.4%) and the US (7.5%).
2022-10-31
South Africa Trade Surplus Narrows More than Expected
South Africa’s trade surplus shrank to ZAR 7.2 billion in August of 2022 from an upwardly revised ZAR 24.8 billion in the previous month and well below market forecasts of ZAR 23.7 billion. It was the smallest trade surplus in seven months, as exports fell by 1% month-over-month to ZAR 175.4 billion, as declines in shipments of precious metals & stones (-15%), chemical products (-13%) and base metals (-11%) outweighed increases in those of vegetables (8%) and mineral products (8%). Top export partners were China (11.7% of total overseas sales), the US (8.2%) and Germany (6%). Meanwhile, imports surged by 10.4% to ZAR 168.2 billion, mainly driven by purchases of precious metals & stones (50%); mineral products (14%) and original equipment components (13%) and machinery & electronics (16%). The main import partners were China (21.6% of total purchases), the US (7.2%) and Germany (6.9%).
2022-09-30