Trade Balance (USD billion) The trade balance is the net sum of a country’s exports and imports of goods without taking into account all financial transfers, investments and other financial components. A country's trade balance is positive (meaning that it registers a surplus) if the value of exports exceeds the value of imports. South Africa is the 34th largest export economy in the world and the 47th most complex economy according to the Economic Complexity Index (ECI). In 2017, South Africa exported $108B and imported $81.9B, resulting in a positive trade balance of $26.4B. In 2017 the GDP of South Africa was $348B and its GDP per capita was $13.5k. As the bar chart shows that South Africa's trade balance with China (the red bars) has become progressively worse over the years and the cumulative trade balance from 2010 to 2016 (up to November 2016) was standing at -R384.1billion. When looking at our trade balance with the USA, it is in positive territory for all but one year. The South African Revenue Service (SARS) today releases trade statistics for May 2017 recording a trade balance surplus of R9.50 billion. These statistics include trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS). The year-to-date trade balance surplus (01 January to 31 May 2017) of R19.52 billion is an improvement on the deficit for the comparable period in 2016 of R13.29 billion. to South Africa’s growing current account deficit (1994-2013, millions R) Source: Data from SARB (2014c). Note: Total trade balance equals the sum of the merchandise trade balance, services trade balance, and gold trade balance. Net investment income payments = FDI + non-FDI net income payments. Net current transfers are excluded from Figure 2.
Sep 19, 2018 Bar South Africa and Nigeria, our countries have heavy trade deficits with just about anyone. And we have this trade deficit with the world
Trade Balance (2018) $991,288,339 : Exports of goods and services (% of GDP) (2018) 29.91%: Imports of goods and services (% of GDP) (2018) 29.56% Norupiri said although the two neighbouring countries had a common and long history of regional affiliation, backed up by cultural ties, official trade balances were tilted in favour of South Africa, southern Africa’s biggest economy and the second largest in the continent after Nigeria. In terms of South Africa’s total trade (exports + imports) with the rest of the continent; Namibia (13%), Botswana (12%), Nigeria (12%) and Mozambique (12%) are South Africa’s main African trading partners. Merchandise Trade statistics data for South Africa (ZAF) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. South Africa - Trade Balance The economy likely fell into technical recession in the fourth quarter of last year. Industrial production doubled its pace of contraction in Q4, as unprecedented rolling blackouts hampered mining and manufacturing activities.
Jan 31, 2020 Month, Exports, Imports, Balance. January 2020, 383.5, 790.6, -407.1 2019 : U.S. trade in goods with South Africa. NOTE: All figures are in
African currency has favourable short–run effects on trade balance for 8 industries. between South Africa's trade balance and the Rand exchange rate tends to The contractionary monetary policy shocks affect the trade balance through the on the South Africa trade balance using recursive and sign-restriction vector South Africa Growth Initiative. South African Trade Policy Matters the balance on goods and services has shifted from a surplus of 0.7 percent of GDP in. 1995 to Nov 29, 2019 South Africa enjoys a positive tourism trade balance with the rest of the world. What this means is that non-resident visitors spend more money Explaining Africa agricultural and food trade deficits agricultural trade balance will be explored further in. 1 income countries, among which South Africa and.