Trade Balance in South Africa

South Africa Trade Balance | Economic News & Forecasts

South Africa - Trade Balance

The economy fell back into contraction in quarter-on-quarter terms in the third quarter, amid social unrest and violent protests that broke out in mid-July. Consumer spending declined in the quarter, as a consequence of the unemployment rate climbing to a new record high. Moreover, the external sector contributed negatively to the overall reading. Turning to the final quarter of the year, activity should have picked up from Q3’s setback: The PMI averaged higher in October–November than in the prior quarter and business sentiment improved in the same two months, boding well for investment ahead. Additionally, both goods exports and imports continued to expand robustly in October. Meanwhile, the country’s discovery of the new Omicron variant of Covid-19 in late November will weigh on the tourism industry ahead, although it has helped encourage citizens to get vaccinated.

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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