SA shows trade surplus in November
South Africa has shown a trade surplus of R1.77-billion in November, the South African Revenue Service (SARS) announced on Wednesday.
This figure includes trade with Botswana, Lesotho, Namibia and Swaziland (BLNS). When BLNS trade is excluded, SA showed a R7.45-billion deficit for November as a result of exports of R82.31-billion and imports of R89.76-billion. The cumulative deficit for 2015 is then R155.74-billion compared to R196.53-billion in 2014.
According to SARS the R1.77-billion surplus for November (when BLNS trade is included) is due to exports of R94.66-billion and imports of R92.89-billion. Exports increased from October 2015 to November 2015 by R8.86-billion (10.3%) and imports decreased from October 2015 to November 2015 by R14.51-billion (13.5%).
SARS also pointed out that the surplus is an improvement on the deficit of of R5.34-billion recorded in November 2014. Exports of R94.66-billion are 12.6% more than the exports recorded in November 2014 of R84.08-billion. Imports of R92.89-billion are 3.9% more than the imports recorded in November 2014 of R89.42-billion.
The cumulative deficit for 2015 of R58.18-billion is 42.1% less than the deficit for the comparable period in 2014 of R100.48-billion.
The month of October 2015 trade balance deficit was revised upwards by R0.21-billion from the previous month’s preliminary deficit of R21.39-billion to a revised deficit of R21.6-billion.
Trade highlights for SARS include an increase of 51.7% in the export of precious metals and stones between October 2015 and November 2015 and an increase of 16.3% in the export of vehicle and transport equipment over the same period. The import of vegetable products declined by 45.8% month-on-month and that of equipment components by 45.1%.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
