Trade Balance in South Africa

South Africa Trade Balance | Economic News & Forecasts

South Africa - Trade Balance

Rolling blackouts had the economy reeling at the outset of the year. Output fell sharply quarter-on-quarter in Q1 2019 as power cuts, coined “load-shedding” by state-owned Eskom, leveled economic sentiment. Spending and investment each tumbled; the former amid an uptick in unemployment, while the latter on deterred non-residential outlays. Exports, meanwhile, plummeted on weaker motor vehicle sales—although analysts presumed it was a one-off. Second-quarter indicators have been less downbeat, however. Manufacturing gains jumped in April and business confidence has been improving since slumping to a seven-month low in March. Taken together with lower short-term inflation expectations, and especially in light of recent elections-related currency volatility, the ailing economy looks set for a modest rebound through midyear.

South Africa - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-7.2  -6.9  -5.0  1.2  5.8  

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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

Bond Yield8.030.29 %Jul 11
Exchange Rate13.94-0.21 %Jul 11
Stock Market0.1-0.44 %Jul 11

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