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Trade deficit narrows to R2.7bn

Jan 31 2013 14:40

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%.

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south africa  |  economy  |  trade deficit


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