South Africa Reports Trade Surplus in December

In December of 2013, South African trade balance turned into a surplus for the second straight month and reached ZAR 2.78 billion, breaking a two-year cycle of persistent trade deficit. Since September of 2013, trade figures include trade with regional neighbors Botswana, Lesotho, Namibia and Swaziland.

Exports decreased from November to December by 10.3 percent to ZAR 77.59 billion. Sales of precious metals and stones dropped 24 percent; vehicles and transport equipment went down by 20.8 percent and those of base metals shrank by 11.2 percent. 

Imports fell 12.8 percent over the previous month to ZAR 74.81 billion, mainly due lower imports of textiles (-27 percent), plastics and rubber (-27.5 percent), base metals (-20.5 percent) and plastics and rubber (-27.5 percent). 

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

When stripping out trade with the regional neighbor countries, the trade balance recorded a ZAR 4.31 billion deficit in December, lower than the ZAR 9.24 billion deficit in the previous month.

The cumulative surplus for 2013 is ZAR 87.41 billion compared to ZAR 82.27 billion in 2012.

South Africa Reports Trade Surplus in December

SARS | Joana Taborda |
1/31/2014 1:02:55 PM