S.Africa records trade surplus of 1.7 billion rand - CNBC Africa

S.Africa records trade surplus of 1.7 billion rand

Financial

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Pushpin on data. PHOTO: Getty Images

The trade surplus data includes trade data with Botswana, Lesotho, Namibia and Swaziland, attributes to exports of 83.9 billion rand and imports of 82.2 billion rand, according to a South African Revenue Service report.

Excluding the four Southern African countries, South Africa’s exports were recorded at 73.4 billion rand, and exports at 79.9 billion rand.

Exports from all five regions increased from January to February by 7.9 per cent, and imports decreased from January to February by 13.2 per cent.

South Africa’s exports increased by 7.5 per cent from January to February, and exports decreased from January to February by 13.8 per cent.

The January and February change in exports of goods reflected increases and a decrease in various trade categories such as vehicle and transport, mineral and products, among others, that contribute to the particular figures.

Vehicle and transport equipment increased by 2.8 million rand, with South Africa’s vehicle and transport equipment figures increasing to 2.8 million rand.

Mineral products decreased by 3.8 million rand, chemical products decreased by 1.1 million rand, and vegetable products decreased by one million rand.

In Africa, the surplus increased from 8.1 million rand in January 2014 to 13.2 million rand in February 2014.  Exports also increased by three million rand to 24.2 million rand, and imports decreased by two million to 10.978 million rand. 

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