South Africa Trade Deficit Widens in April

South African trade gap increased 9.6 percent to ZAR 13 billion in April from a revised ZAR 11.8 billion in the previous month, as prolonged strikes in the mining sector keep dragging exports down.

Exports decreased 2.6 percent month-over-month to ZAR 77.4 billion. Shipments of vehicles and transport equipment decreased 11.2 percent; exports of base metals fell 5 percent and those of chemical products shrank 9.9 percent. Sales of mineral products increased 5.7 percent. 

Imports fell 1 percent over the previous month to ZAR 90.45 billion. Imports of mineral products decreased 13.9 percent and those of vegetables shrank 29.5 percent. Purchases of chemicals, machinery and electronics and plastics and rubber rose 20.1 percent, 2.5 percent and 13.1 percent, respectively. 

The cumulative deficit for 2014 is ZAR 40.96 billion compared to ZAR 30.66 billion in 2013.

South Africa Trade Deficit Widens in April

Statistics South Africa | Joana Taborda |
5/30/2014 2:11:56 PM