South Africa Trade Balance

ZAR
Actual
42.40B
Forecast
39.00B
Previous
36.96B
Latest Release
Sep 30, 2021
Importance
Overview
Exports free on board (f.o.b.) and Imports cost insurance freight (c.i.f.) are,in general, customs statistics reported under the general trade statistics according to the recommendations of the UN International Trade Statistics. For some countries Imports are reported as f.o.b. instead of c.i.f. which is generally accepted. When reporting Imports as f.o.b. you will have the effect of reducing the value of Imports by the amount of the cost of insurance and freight. Monthly import and export figures are unaudited figures obtained from declarations made by importers and exporters of goods. The Customs and Excise Act allows for revisions by importers and exporters for a period up to two years retrospectively. It is not possible to see exactly for what month a particular revision has been made. Revisions are only made to the cumulative figures.
A higher than expected reading should be taken as positive/bullish for the ZAR , while a lower than expected reading should be taken as negative/bearish for the ZAR.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Oct 29, 2021 (Sep) 14:00 - 39.00B
42.40B
Sep 30, 2021 (Aug) 14:00 42.40B 39.00B
36.96B
Aug 31, 2021 (Jul) 14:00 36.96B 45.00B
54.48B
Jul 30, 2021 (Jun) 14:00 57.68B 52.00B
54.37B
Jun 30, 2021 (May) 14:00 54.60B 46.50B
51.25B
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South African Trade Balance News & Analysis
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    Economic Update July 2021

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    • First National Bank
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