• Future imperfect

    A lack of compassion with ordinary people is crucial to SA’s failures, says Mandi Smallhorne.

  • Will Gordhan be fired?

    An economist ponders the top question concerning those who control international capital flows.

  • Terry Bell's Inside Labour

    The economic policy pendulum seems to be swinging away from laissez-faire to regulation.

All data is delayed
See More

Trade deficit narrows to R5.7bn

Jul 31 2012 14:49

Johannesburg - SA recorded another trade deficit in June for its trade with non-Southern African Customs Union (non-SACU) trading partners.

A R5.7bn deficit was recorded in June‚ after an R8.9bn deficit in May‚ Sars customs and excise figures released on Tuesday showed.

The deficits have however been smaller in recent months compared to April’s almost R10bn deficit.

Customs and excise attributed June’s decline mainly to a decrease in exports of mineral products and decreased imports of mineral products‚ machinery and electrical appliances‚ products of the chemicals or allied industries‚ base metals and articles thereof and original equipment components.

There was a R1.1bn (1.7%) decrease in exports to R61.7bn and a decrease in imports of R4.3bn (6.0%) to R67.4bn.

The cumulative deficit for the year to date is R51.1bn compared with a cumulative deficit of just R2.5bn in 2011.

A breakdown of the figures showed that the exports of vehicles‚ aircraft and vessels rose by R814m‚ or 15%; vegetable products increased by R699m‚ or 27%; precious and semi-precious stones and metals increased by R486m‚ or 3%; base metals and articles thereof increased by R118m‚ or 2%.

Mineral product exports decreased by R2.3bn or 13%.

In imports‚ mineral products decreased by R2.1bn or 11%; machinery and electrical appliances decreased by R1.2bn or 7%; products of the chemicals or allied industries fell R657m or 11%.

Base metals and articles thereof decreased by R498m‚ or 14%; original equipment components decreased by R461m or 10%.

Vehicles‚ aircraft and vessels increased by R525m‚ or 7%.

trade deficit


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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote