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Economy And The Numbers

S. Africa's May Exports Rise, Imports Fall

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

South Africa's exports rose 0.1 percent or ZAR 0.08 billion in May from April, the South African Revenue Service said in a report on Friday. The export of goods totaled ZAR 66.48 billion.

Meanwhile, imports fell 5.8 percent or ZAR 4.8 billion to ZAR 77.51 billion. As a result, the trade balance showed a shortfall of ZAR 11.03 billion in May.

The cumulative deficit for 2013 was ZAR 68.71 billion compared to ZAR 46.21 billion in 2012.

The trade deficit with Asia and Europe decreased in May. Meanwhile, trade surplus with other African nations increased due to higher exports.

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