South Africa recorded a trade surplus of R14.1 billion in April 2025, significantly down from R22.6 billion the previous month. The decline, according to data from the South African Revenue Service (SARS), was driven by a drop in mineral and manufacturing exports, particularly to Asia and Europe. At the same time, imports of fuel, machinery, and food products increased modestly.

Despite remaining in surplus, the narrowing gap has raised concerns about the country’s export competitiveness and vulnerability to external shocks. Economists warn that persistent power outages and infrastructure bottlenecks are impeding industrial output and international trade. The government has reiterated its commitment to resolving port congestion and accelerating the implementation of the African Continental Free Trade Area (AfCFTA) framework to boost exports.