South Africa's trade surplus shrank to ZAR 33.5 billion in September of 2020 from a downwardly revised ZAR 38.7 billion in the previous month. Imports surged 12.1 percent to ZAR 102.2 billion, mainly boosted by purchases of original equipment components (79 percent); mineral products (23 percent); chemicals (11 percent) and wood pulp & paper (31 percent). Meantime, exports advanced at a slower 4.5 percent to ZAR 135.8 billion, as higher shipments of mineral products (14 percent); machinery & electronics (11 percent) and base metals (7 percent) were partly offset by a decline in those of vegetable products (-16 percent). source: South African Revenue Service
Balance of Trade in South Africa averaged 353.37 ZAR Million from 1957 until 2020, reaching an all time high of 45691.90 ZAR Million in June of 2020 and a record low of -35874.17 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 November of 2020.
Balance of Trade in South Africa is expected to be 18000.00 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 20000.00 in 12 months time. In the long-term, the South Africa Balance of Trade is projected to trend around 15000.00 ZAR Million in 2021 and 27000.00 ZAR Million in 2022, according to our econometric models.