SA Trade Surplus Rises to R22 Billion in June, but Exports Decline
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South Africa recorded a preliminary trade surplus of R22 billion in June 2025, according to the latest Media Release by SARS. This figure reflects exports of R170.7 billion and imports of R148.6 billion, including trade with Botswana, Eswatini, Lesotho, and Namibia (BELN).
While the surplus is a positive headline, the underlying data shows a 2.9% year-on-year decline in exports compared to June 2024, and a 1.9% month-on-month dip from May. Key export sectors like gold, coal, and motor vehicles saw declines, while on the import side, reduced inflows of crude oil and smartphones contributed to the lower numbers.
The year-to-date trade surplus now stands at R80.2 billion, down from R92 billion for the same period in 2024—signaling a possible softening in export-driven growth.
SARS also revised May’s surplus from R21.7 billion to R20 billion, reflecting ongoing adjustments through Vouchers of Correction.
Accountants working with export clients may want to assess the impact of global commodity shifts and shipping trends on quarterly performance projections.
