Import Tracker - Q2 2023

South Africa’s trade balance grew to a surplus of R10 billion in the second quarter of 2023, up from a deficit of R5.8 billion in the first quarter of 2023, but lower than the surplus of R75.5 billion in the first quarter 2022. Second quarter exports show higher growth compared to the first quarter of 2023, rising by R32 billion compared to R17 billion for imports. Still, year-on-year, exports declined by R36 billion, while imports grew by R30 billion. Exports amounted to R515 billion in the second quarter of 2023. In this same period, imports amounted to R505 billion.