South Africa Trade Deficit Widens in April


South African trade gap increased to ZAR 2.51 billion in April of 2015 from a revised ZAR 0.01 billion shortfall a month earlier as exports were down 7.5 percent and imports declined at a slower 4.8 percent.

Exports decreased to ZAR 84.01 billion from ZAR 90.85 billion in March, as sales of vehicle and transport equipment (-21 percent) and machinery and electronics (-18 percent) fell the most; Also, base metals went down 14 percent and precious metals and stones sales contracted 6 percent. In contrast, mineral products sales rose 6 percent.

Imports went down to ZAR 86.53 billion from ZAR 90.86 billion in the previous month, as vehicles transport equipment and textiles purchases decreased 21 percent and 18 percent respectively. Imports expansion was reported for machinery and electronics products (+6 percent).

South Africa Trade Deficit Widens in April


South African Revenue Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/29/2015 2:26:22 PM