South Africa Net Trade (Goods & Services, BoP)
South Africa's net trade (goods & services, bop) rose to $8.04 billion in 2024, up from $1.22 billion in 2023, according to World Bank. This represents an increase of 560.3% ($6.82 billion) from the previous year. South Africa has net trade (goods & services, bop) higher than the global median ($8.04 billion vs median -$215.12 million). Compared with the median in Africa, South Africa is higher ($8.04 billion vs regional median -$1.08 billion) and ranks 3rd out of 48 countries in Africa.
Yearly Historical Data (1960-2024)
(in Billion USD)South Africa Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in South Africa, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.