Export Tracker Q4 2024

In Q4 2024, South Africa’s exports grew 1% quarter-on-quarter, from R515 billion in Q3 2024 to R521 billion in Q4 2024. Quarterly export growth was driven by increased exports to Area Not Elsewhere Specified (NES), Belgium, Germany and Japan, but was stifled by reduced exports to Mozambique, China and the Netherlands, among others. Imports fell by R23 billion quarter-on-quarter, amounting to R456 billion in Q4 2024. As a result, South Africa has maintained a positive trade balance for a seventh consecutive quarter – R65 billion, in Q4 2024.