Exports R87.49bn, imports of R80.64bn: SA records trade surplus of R6.85bn in 2014

byCustoms Today Report

04/03/2015

in South Africa, World Business

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CAPE TOWN: South Africa’s trade balance‚ which includes trade with Botswana‚ Lesotho‚ Namibia and Swaziland‚ recorded a R6.85bn surplus in December after a R5.7bn deficit in November‚ South African Revenue Service (SARS) customs and excise data showed here the other day.

The trade deficit excluding Botswana‚ Lesotho‚ Namibia and Swaziland was R0.68bn.

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The R6.85bn surplus was attributed to exports of R87.49bn and imports of R80.64bn.

Exports increased from November to December by R3.23bn, or 3.8%, and imports decreased from November to December by R8.89bn or, 9.9%.

The cumulative deficit for 2014 is R95.3bn compared to R71.36bn by the same time in 2013.

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