SA shows November trade surplus
According to the South African Revenue Service (SARS), South Africa showed a trade surplus of R1,77 billion in November, including BLNS trade – trade with Botswana, Lesotho, Namibia and Swaziland. This was due to exports of R94,66 billion and imports of R92,89 billion.
SARS said exports increased by 10.3%, some R8,86 billion, from October 2015 to November 2015, while imports decreased by 13.5%, some R14,51 billion, for the aforementioned period. When BLNS trade is excluded, SA showed a November deficit of R7,45 billion as a result of exports of R82,31 billion and imports of R89,76 billion.
According to reports, SARS' trade highlights for the period October to November 2015 include an increase of 51.7% in the export of precious metals and stones, and an increase of 16.3% in the export of vehicle and transport equipment. The import of vegetable products declined by 45.8%.