South Africa Trade Deficit Narrows in February


South African trade gap shrank to ZAR 8.48 billion in February of 2015 from a record high ZAR 24.22 billion shortfall a month earlier due to a rebound in exports.

Exports increased 14.6 percent from January to ZAR 76.85 billion. Sales of vehicle and transport equipment jumped 74.4 percent; shipments of precious metals and stoles surged 30.4 percent; machinery and electronics rose 19.4 percent and those of base metals increased 7.9 percent. In contrast, export of mineral products shrank 10.6 percent.

Imports decreased 6.5 percent to ZAR 5.96 billion – purchases of mineral products shrank the most (22.5 percent) while imports of vegetables doubled (+98.8 percent).

Excluding trade with neighbor countries, South Africa posted a ZAR 16.85 billion deficit in February.

In the first two months of 2015, the country posted a ZAR 32.7 billion gap, compared with a ZAR 15.49 billion deficit in the same period of 2014.

South Africa Trade Deficit Narrows in February


South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2015 1:13:32 PM