South Africa's trade surplus widened to ZAR 6.10 billion in November 2019 from a downwardly revised ZAR 2.75 billion in the previous month and above market expectations of ZAR 5.00 billion. Imports slumped 7.7 percent mainly due to decline in shipments of original equipment components and chemical products, while exports fell at a softer 4.8 percent on the back of mineral products and vehicles & transport equipment. Balance of Trade in South Africa averaged 116.74 ZAR Million from 1957 until 2019, reaching an all time high of 17088.51 ZAR Million in May of 2016 and a record low of -26858.70 ZAR Million in January of 2018. source: South African Revenue Service

Balance of Trade in South Africa is expected to be 2000.00 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 19700.00 in 12 months time. In the long-term, the South Africa Balance of Trade is projected to trend around 20700.00 ZAR Million in 2020, according to our econometric models.

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South Africa Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6097.33 2751.65 17088.51 -26858.70 1957 - 2019 ZAR Million Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 12:00 PM Aug ZAR6.84B ZAR-3.72B ZAR2B ZAR 2.0B
2019-10-31 12:00 PM Sep ZAR5.16B ZAR4.54B ZAR2B ZAR 7.4B
2019-11-29 12:00 PM Oct ZAR 3.09B ZAR 4.53B ZAR-1.6B ZAR -3.1B
2019-12-27 12:00 PM Nov ZAR6.1B ZAR2.75B ZAR 5B ZAR 4.2B
2020-01-31 12:00 PM Dec ZAR6.1B ZAR 20.2B


News Stream
2019-11-29
South Africa Trade Surplus Narrows in October
South Africa's trade surplus shrank to ZAR 3.09 billion in October 2019 from a downwardly revised ZAR 4.53 billion in the previous month and against market expectations of a deficit of ZAR 1.60 billion. Imports climbed 13.7 percent, mainly due to mineral products and exports rose at a softer 11.9 percent, primarily boosted by precious metals & stones.

2019-10-31
South Africa Trade Surplus Widens in September
South Africa's trade surplus rose to ZAR 5.16 billion in September of 2019 from a donwardly revised ZAR 4.54 billion in the previous month and beating market expectations of a ZAR 2 billion surplus. Imports declined at a faster 8.6 percent month-over-month while exports fell 7.8 percent.

2019-09-30
South Africa Posts Widest Trade Surplus in 8 Months
South Africa recorded a trade surplus of ZAR 6.84 billion in August of 2019 compared to an upwardly revised ZAR 3.72 billion deficit in the prior month, easily beating market expectations of a ZAR 2 billion surplus. It was the largest trade surplus since last December, as exports surged 8.4 percent from a month earlier to an all-time high while imports fell 1 percent.

2019-08-30
South Africa Trade Balance Swings to Deficit
South Africa recorded a trade deficit of ZAR 2.88 billion in July of 2019 compared to an upwardly revised ZAR 5.54 billion surplus in the previous month, and against market expectations of a ZAR 2.7 billion surplus. Imports soared 11.7 percent from a month earlier while exports rose at a much slower 3.4 percent.

2019-07-31
South Africa Trade Surplus Widens in June
The trade surplus in South Africa rose to ZAR 4.42 billion in June of 2019 from a downwardly revised ZAR 1.70 billion in the previous month. Exports fell 3.2 percent from a month earlier while imports declined at a faster 5.8 percent.

2019-06-28
South Africa Trade Surplus Smaller than Expected
South Africa posted a trade surplus of ZAR 1.74 billion in May 2019, compared to a ZAR 3.43 billion deficit in the previous month and below market expectations of a ZAR 2.7 billion surplus. Exports jumped 8.1 percent while imports increased at a slower 3.0 percent.


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.

South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 6097.33 2751.65 17088.51 -26858.70 ZAR Million [+]
Current Account -190312.00 -208656.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -3.50 -3.60 6.00 -7.50 percent [+]
Imports 110804.69 120091.02 125721.33 66.10 ZAR Million [+]
Exports 116902.03 122842.67 122842.67 55.80 ZAR Million [+]
External Debt 177676.00 180568.00 183311.00 33262.00 USD Million [+]
Tourist Arrivals 1297483.00 1219616.00 1598893.00 37430.00 [+]
Gold Reserves 125.31 125.31 183.51 123.48 Tonnes [+]
Terms Of Trade 109.30 106.80 109.50 42.20 points [+]
Terrorism Index 4.51 4.26 4.51 0.22 [+]
Weapons Sales 149.00 103.00 235.00 1.00 USD Million [+]
Foreign Direct Investment 17024.00 26301.00 52712.00 -13910.00 ZAR Billion [+]