30 August 2024 – South Africa recorded a preliminary trade balance surplus of R17.6 billion in July 2024 attributable to exports of R175.0 billion and imports of R157.4 billion.
The year-to-date (01 January to 31 July 2024) preliminary trade balance surplus of R85.3 billion was an improvement from the R30.3 billion trade balance surplus for the comparable period in 2023. On a year-on-year basis, export flows for July 2024 (R175.0 billion) were 1.9% higher compared to R171.8 billion recorded in July 2023. Import flows were higher by 1.1%, having increased from R155.7 billion in July 2023 to R157.4 billion in the current period.
