South African Trade Deficit Narrows in September on Falling Imports


In September of 2013, South African trade deficit narrowed to ZAR 18.94 billion from ZAR 19.09 billion a month earlier, due to a drop in imports.

In September of 2013, exports decreased 6 percent over the previous month to ZAR 66.53billion. Shipments of vehicles, aircraft and vessels decreased dropped by 58 percent; precious and semi-precious stones and metals decreased 12 percent; vegetable products went down by 21 percent; pulp of wood, waste and scrap of paper contracted 34 percent and machinery and electrical appliances decreased by R 491 million decreased 8%. In contrast, exports of mineral products increased by 23 percent and those of base metals and articles rose 10 percent. Compared with the same month last year, exports rose 17.3 percent. 

While imports shrank by 4.9 percent over August to ZAR 85.47 billion, they increased 21.3 percent over a year earlier

Trade deficit with Asia, Europe and Africa decreased, while that with America and Oceania widened. 

The cumulative deficit for 2013 is R126.37 billion compared to R83.60 billion in 2012. 

South African Trade Deficit Narrows in September on Falling Imports


South African Revenue Service | Joana Taborda | joana.taborda@tradingeconomics.com
10/31/2013 12:24:02 PM