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SA's trade deficit swells

May 31 2012 14:10 Reuters

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Johannesburg - South Africa’s trade deficit widened to R9.9bn in April from a R5.5bn shortfall in March, the South African Revenue Service said on Thursday.

Exports fell by 14.9% and imports were down by 7.2% on a month-on-month basis in April of this year, the data showed.

Economists had expected a R4.5bn trade gap, although the data is volatile and hard to forecast.

The trade deficit was R2.4bn in April 2011.

 
sa economy  |  trade deficit

 
 
 

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