South Africa balance of trade

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South Africa balance of trade: 20090 (91.91%)
Last Update: May 31, 2024

South Africa balance of trade closed down 20090 as of May 31, 2024 from 10468.38 from the previous month and 9410.95 from last year.


South Africa balance of trade Analytics & Data




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South Africa balance of trade closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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South Africa balance of trade

DateValues
2024-05-31 20090
2024-04-30 10468.38
2024-03-31 7270
2024-02-29 14042.92
2024-01-31 -9688.27
2023-12-31 14065
2023-11-30 21016.9
2023-10-31 -12661.46
2023-09-30 11972.92
2023-08-31 12266.08
2023-07-31 14791.84
2023-06-30 -4844.34
2023-05-31 9410.95
2023-04-30 3412.18
2023-03-31 9225.29
2023-02-28 10512.23
2023-01-31 -22709.48
2022-12-31 4725.21
2022-11-30 7380.72
2022-10-31 1271.61
2022-09-30 20387.35
2022-08-31 5385.48
2022-07-31 24150.02
2022-06-30 22282.94

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South Africa balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradeza.balanceoftrade20090.010468.492113UPUP732024-05-31

South Africa balance of trade Factors

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South Africa balance of trade Historical Data

The MacroVar database offers free access to historical data for the South Africa balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Africa balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Africa balance of trade

The balance of trade in South Africa refers to the difference between the value of the country's exports and imports. A positive balance of trade occurs when the value of exports exceeds the value of imports, leading to a trade surplus. Conversely, a negative balance of trade results in a trade deficit when the value of imports exceeds the value of exports. South Africa has historically experienced a trade deficit due to its reliance on imported goods, particularly in sectors such as machinery, equipment, and consumer goods. This deficit can put pressure on the country's currency and overall economic stability. Efforts to boost exports, diversify the economy, and promote local manufacturing are crucial for improving South Africa's balance of trade and reducing its reliance on imports.

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