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R95bn SA trade deficit in 2014

Johannesburg - 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%), and imports decreased from November to December by R8.9bn (9.9%).

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.

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