South African SME Exports to the US Fall Sharply Amid Trade Tensions

This index tracks the value of weekly exports to the US from over 1,800 South African SMEs, benchmarked to a 1 April 2025 baseline (Index = 100). After peaking in June, exports declined steadily through August, falling 46% below baseline by late September. The late-month rebound is likely driven by seasonal demand, not policy easing.