South Africa's trade balance swings to deficit in July

31st August 2018 By: Reuters

South Africa's trade balance swung to a deficit of R4.66-billion ($317-million) in July from a revised R11.89-billion surplus in June, data from the revenue agency showed on Friday.

Exports fell by 2.7% on a month-on-month basis to R107.07-billion in July, while imports increased by 13.8% to R111.72-billion, the South African Revenue Service said in a statement.