Trade Balance in South Africa

South Africa Trade Balance | Economic News & Forecasts

South Africa - Trade Balance

The economic scenario likely remained challenging in Q3, after the historic plunge in activity in Q2. While the pace of decline moderated from Q2 due to the gradual easing of restrictions, industrial output contracted relatively sharply in the quarter. Meanwhile, business sentiment remained entrenched in negative territory in the same period, likely holding back capital spending. Turning to Q4, however, the manufacturing PMI returned to growth for the first time in 18 months, hitting an over two-and-a-half-year high amid improved demand dynamics. Moreover, despite a stubbornly high number of Covid-19 cases, authorities announced the reopening of borders to all international travelers on 11 November, in a bid to revive the ailing tourism industry. In other news, on 28 October, the government tabled its medium-term budget statement, reaffirming its commitment to fiscal consolidation and debt stabilization.

South Africa - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-3.7  2.1  4.9  1.8  2.7  

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South Africa Trade Balance Chart

South Africa Trade Balance
Note: Trade balance in (USD bn).
Source: South African Reserve Bank.

South Africa Facts

Value Change Date
Bond Yield8.260.29 %Dec 31
Exchange Rate13.98-0.21 %Dec 31
Stock Market0.1-0.44 %Jan 06

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