adminJOHANNESBURG — South Africa’s cumulative trade deficit was R95,3bn in 2014, the SA Revenue Service (Sars) said on Friday. In 2013, it was R71,4bn, Sars said in a statement.
In December, the country recorded a trade surplus of R6,9bn, due to exports of R87,5bn and imports of R80,5bn.
Exports increased from November to December by R3,2bn (3,8 percent), and imports decreased from November to December by R8,9bn (9,9 percent).
The trade statistics include country trade data for Botswana, Lesotho, Namibia, and Swaziland.
South Africa recorded a trade surplus of R13,5bn with Africa, having exported goods worth a total of R23,7bn, and imported goods worth a total of R10bn.
Trade with the Americas registered a R827m surplus. Trade with Asia showed a R8,9bn deficit. Trade with Europe saw a R4,3bn deficit. Trade with Oceania registered a R131m surplus. — fin24
Online Reporter