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November trade gap narrows

Dec 28 2012 15:10
Johannesburg - South Africa's trade deficit narrowed to R7.94bn in November from R21.2bn in October due to lower imports and increased exports of mineral products, data showed on Friday.

November exports increased by 8.4% over the previous month while imports fell by 9.8%, the South African Revenue Service (Sars) said.
"The decreased trade deficit ... was due to decreased imports of machinery and electrical appliances, vehicles, aircraft and vessels, and mineral products," Sars said.
"Exports increased in precious and semi-precious stones, vessels, aircraft and aircraft and base metals," it added.

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sa economy  |  trade deficit



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