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Johannesburg - South Africa's trade account recorded an R8.4bn surplus in November compared with a R3.2bn deficit in October, the South African Revenue Service (Sars) said on Friday.
Exports rose by 20.8% month-on-month in November, while imports fell by 2.4%. The sharp rise in exports was partly due to an inclusion of iron ore exports of R3.2bn which occurred in October but were only recorded in November.
Three economists surveyed by Reuters expected the trade account to be in deficit by between R1.8bn and R3.7bn in November.
Sars said the cumulative deficit for the year to date was at R5bn, compared with a R29.5bn shortfall at the same time last year.
