FX.co ★ South Africa Swings to Trade Surplus in June, Rebounding from May Deficit

South Africa’s trade balance sharply reversed course in June 2026, moving from a deficit to a sizable surplus, according to the latest data updated on 31 July 2026. The trade balance improved from a negative -1.79 billion in May 2026 to a surplus of 17.75 billion in June 2026.

The turnaround suggests a strong monthly shift in the country’s external position, either through increased exports, reduced imports, or a combination of both. While the underlying drivers were not disclosed in the data provided, the magnitude of the move indicates a significant change in trade flows between May and June.

This improvement in the trade balance could have important implications for South Africa’s currency, foreign reserves, and overall economic outlook, as markets and policymakers assess whether June’s surplus marks the start of a more sustained positive trend in the country’s external accounts.