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South Africa Trade Balance

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South Africa Trade Balance

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Status

 
Latest Release
Jul 29, 2022
Actual
24.23B
Forecast
29.80B
Previous
30.85B
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.
Importance:
Country:
Currency: ZAR
Source: South African Revenue Service
South Africa Trade Balance
 
Release Date Time Actual Forecast Previous
Aug 31, 2022 (Jul) 20:00   25.50B 24.23B
Jul 29, 2022 (Jun) 20:00 24.23B 29.80B 30.85B
Jun 30, 2022 (May) 20:00 28.35B 22.00B 16.01B
May 31, 2022 (Apr) 20:00 15.49B 19.90B 47.20B
Apr 29, 2022 (Mar) 20:00 45.86B 19.90B 11.50B
Mar 31, 2022 (Feb) 20:00 10.60B 16.50B 4.07B

Trade Balance Discussion

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