Data provided by iNet BFA
Loading...
See More

Trade deficit narrows to R2.7bn

Jan 31 2013 14:40 AFP

Related Articles

November trade gap narrows

SA trade gap widens as imports soar

Trade deficit widens to R12.2bn

SA exports sink after mining strikes

Trade gap widens as mine exports fall

Current account gap steadies

 

Johannesburg -South Africa edged further away from recent record trade deficits in December, thanks to a 16.0% drop in imports.

The South African Revenue Service reported that the trade deficit narrowed to considerably to R2.7bn ($300m) from 7.9bn the month before - a near record level.

The drop was largely thanks to a sharp reduction in imports, with local importing more than 30% less vegetables, textiles, metals and manufactured goods.

Imports of equipment components decreased by 42%.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

south africa  |  economy  |  trade deficit
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Savings survey not realistic

Fin24 readers respond to an in-house survey, which found that 60% of readers were confident that they would be financially comfortable in their retirement.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...