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South Africa’s Trade Statistics for January 2019

South Africa’s Trade Statistics for January 2019

28 February 2019 

SARS releases trade statistics for January 2019 Pretoria, 28 February 2019 – The South African Revenue Service (SARS) today releases trade statistics for January 2019 recording a trade deficit of R13.08 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 January 2019) trade deficit of R13.08 billion is an improvement on the deficit for the comparable period in 2018 of R27.44 billion. Exports year-on-year increased by 10.1% whilst imports for the same period showed a decrease of 5.7%.

Including trade data with Botswana, Eswatini, Lesotho and Namibia (BELN) 

The R13.08 billion trade deficit for January 2019 is attributable to exports of R88.68 billion and imports of R101.76 billion. Exports decreased from December 2018 to January 2019 by R13.63 billion (13.3%) and imports increased from December 2018 to January 2019 by R16.15 billion (18.9%). On a year-on-year basis, the R13.08 billion trade deficit for January 2019 is an improvement from the R27.44 billion deficit recorded in January 2018. Exports of R88.68 billion are 10.1% more than the R80.51 billion exports recorded in January 2018. Imports of R101.76 billion are 5.7% less than the R107.95 billion imports recorded in January 2018. December 2018’s trade surplus was revised downwards by R0.47 billion from the previous month’s preliminary surplus of R17.17 billion to a revised surplus of R16.70 billion as a result of ongoing Vouchers of Correction (VOC’s). Source: SARS(https://bit.ly/2Vs7DjN