Balanced international merchandise trade statistics (BIMTS) in South Africa
South Africa: Balanced international merchandise trade statistics (BIMTS) was 1.22 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced international merchandise trade statistics (BIMTS) in South Africa, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
South Africa recorded 1.22 US dollars, exchange rate converted for balanced international merchandise trade statistics (bimts) in 2024.
The figure is up 119.8% on the previous year and up 336.1% over ten years.
Over the whole period, balanced international merchandise trade statistics (bimts) in South Africa peaked at 2.97 US dollars, exchange rate converted in 2005 and was at its lowest, 0.069 US dollars, exchange rate converted, in 2006.
That places South Africa 37th out of 96 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Balanced international merchandise trade statistics (BIMTS) in South Africa, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2000 | 0.1428 US dollars, exchange rate converted | — |
| 2001 | 0.0811 US dollars, exchange rate converted | -43.2% |
| 2002 | 2.77 US dollars, exchange rate converted | +3310.0% |
| 2003 | 0.2918 US dollars, exchange rate converted | -89.4% |
| 2004 | 0.1691 US dollars, exchange rate converted | -42.0% |
| 2005 | 2.97 US dollars, exchange rate converted | +1655.5% |
| 2006 | 0.069 US dollars, exchange rate converted | -97.7% |
| 2007 | 0.0728 US dollars, exchange rate converted | +5.6% |
| 2008 | 0.2446 US dollars, exchange rate converted | +235.8% |
| 2009 | 0.1365 US dollars, exchange rate converted | -44.2% |
| 2010 | 0.0827 US dollars, exchange rate converted | -39.4% |
| 2011 | 0.0733 US dollars, exchange rate converted | -11.3% |
| 2012 | 0.1415 US dollars, exchange rate converted | +92.9% |
| 2013 | 0.3139 US dollars, exchange rate converted | +121.8% |
| 2014 | 0.2796 US dollars, exchange rate converted | -10.9% |
| 2015 | 0.1708 US dollars, exchange rate converted | -38.9% |
| 2016 | 0.4063 US dollars, exchange rate converted | +137.9% |
| 2017 | 0.3232 US dollars, exchange rate converted | -20.5% |
| 2018 | 0.5418 US dollars, exchange rate converted | +67.6% |
| 2019 | 0.5529 US dollars, exchange rate converted | +2.0% |
| 2020 | 1.05 US dollars, exchange rate converted | +90.3% |
| 2021 | 0.7405 US dollars, exchange rate converted | -29.6% |
| 2022 | 0.6549 US dollars, exchange rate converted | -11.6% |
| 2023 | 0.5546 US dollars, exchange rate converted | -15.3% |
| 2024 | 1.22 US dollars, exchange rate converted | +119.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6942 US dollars, exchange rate converted | 0.069 US dollars, exchange rate converted | 2.97 US dollars, exchange rate converted | 10 |
| 2010s | 0.2886 US dollars, exchange rate converted | 0.0733 US dollars, exchange rate converted | 0.5529 US dollars, exchange rate converted | 10 |
| 2020s | 0.8443 US dollars, exchange rate converted | 0.5546 US dollars, exchange rate converted | 1.22 US dollars, exchange rate converted | 5 |
Countries ranked near South Africa
- 34 Ecuador 1.41 US dollars, exchange rate converted compare
- 35 Austria 1.39 US dollars, exchange rate converted compare
- 36 Venezuela 1.39 US dollars, exchange rate converted compare
- 38 Jamaica 1.21 US dollars, exchange rate converted compare
- 39 Suriname 1.19 US dollars, exchange rate converted compare
- 40 Barbados 1.03 US dollars, exchange rate converted compare
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) -1.57 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1684 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,111 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.57 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 2.15 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 14,168 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 6.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6307 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is balanced international merchandise trade statistics (bimts) in South Africa?
- Balanced international merchandise trade statistics (bimts) in South Africa was 1.22 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced international merchandise trade statistics (bimts) recorded in South Africa?
- The highest recorded value was 2.97 US dollars, exchange rate converted in 2005.
- What is the lowest balanced international merchandise trade statistics (bimts) recorded in South Africa?
- The lowest recorded value was 0.069 US dollars, exchange rate converted in 2006.
- How does South Africa rank for balanced international merchandise trade statistics (bimts)?
- South Africa ranks 37th out of 96 countries with data for 2024.
- Is balanced international merchandise trade statistics (bimts) rising or falling in South Africa?
- Over the last ten years it is up 336.1%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced international merchandise trade statistics (BIMTS) - HS2017-2D. Statizoid updates them automatically from the source API.
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About this data
The OECD Balanced International Merchandise Trade Statistics (BIMTS) dataset provides a complete, consistent, and balanced matrix of international merchandise trade statistics. It includes annual bilateral data for approximately 200 reporters and partners, covering around 98 products in HS2017 at the 2-digit level from 1995 to 2024. BIMTS is also available in the HS 2017 classification at 4-digit and 6-digit levels of aggregation currently available via the Related Files (bottom of the page) and also in the Statistical Classification of Products by Activity (CPA 2.1) at the 2-digit level of aggregation. BIMTS is complete and consistent. The OECD methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. To provide users with consistent and long time series, the data is presented according to either HS2017 or CPA 2.1. BIMTS is balanced. The OECD has developed a transparent approach to reconcile asymmetries in international merchandise trade statistics. A sequence of adjustments, documented in the BIMTS technical paper, significantly reduces asymmetries in the dataset before the final balancing procedure is performed. An important feature of BIMTS is a novel algorithm which identifies re-export flows and reallocates them to the producer countries before the balancing. To avoid double counting of flows between producers and trade hubs (already accounted for in the trade between producers and final users), BIMTS breaks down the final balanced values into a domestic component and a re-exports component. Users will therefore find two different measures of balanced trade flows (under the ‘Adjustment’ dimension): Total balanced value: Represents the total reconciled bilateral trade flow, including re-exports. Balanced value adjusted for re-exports: Represents the reconciled bilateral trade flow, adjusted for re-exports. This adjusted value is deemed to more accurately reflect economic reality and is therefore the preferred measure. In this database, the Reference area denotes the exporter, while the Counterpart area denotes the importer. Because the data are balanced, exports from the exporter to the importer equal imports by the importer from the exporter, and the flow is therefore recorded only once. Note that zero trade flows are represented in BIMTS as missing records (marked as “..”). This approach reduces the dataset size and improves processing times in the OECD Data Explorer. For convenience, users can also retrieve data for total merchandise (“_T”, denoting all products) and partner world (“W”). BIMTS will be regularly updated and continually improved as new data becomes available. For more information on: The methodology: The OECD Balanced International Merchandise Trade Dataset (BIMTS). Balanced trade statistics related pages: Balanced trade statistics, or The statistics compiled by the OECD Statistics and Data Directorate Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org