South Africa recorded a trade surplus of nearly $1.2 billion in June 2025, according to official figures released by the South African Revenue Service and cited by AgenceEcofin.
While the surplus represents a decline compared to the same period in 2024, analysts say the numbers reflect a continuing trend of resilience in the country’s foreign trade position.
The latest report notes a 2.9% year-on-year drop in exports, with a 1.9% decline on a month-to-month basis.
Despite the contraction, several key sectors continue to lead the country’s export economy. Mining products, base metals, precious stones, vehicles, and plant products remain South Africa’s top export categories.
Meanwhile, imports saw a modest rise of 0.6%, signaling steady domestic demand despite prevailing global economic uncertainties.
This mild increase, coupled with the overall surplus, places South Africa in a stable position on both regional and international trade fronts.
Experts warn, however, that the year-on-year drop in export figures may indicate early signs of pressure on core sectors—particularly those reliant on raw material demand.
With global markets facing volatility and shifting commodity prices, South Africa’s trade future may hinge on how effectively it can adapt its strategies.
“Analysis of these data suggests that we should closely monitor developments in the global economy, particularly natural resource prices, which strongly influence the country’s trade performance,” the report notes.
As a country whose economy remains heavily dependent on mineral and industrial exports, South Africa could face mounting pressure to diversify and strengthen alternative sectors
For now, the June surplus offers a positive snapshot amid a broader economic landscape marked by cautious optimism and ongoing adjustment.
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