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SA records trade deficit for 2016 despite massive Dec surplus

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(iStock)
(iStock)

Pretoria – Although South Africa recorded a surprise trade balance surplus of R12.04bn in December 2016, the year-to-date deficit for the whole of 2016 was R2.92bn, the SA Revenue Service (Sars) said on Tuesday.

These trade statistics for December 2016 include trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS).

According to Sars, the R12.04bn trade balance surplus for December 2016 is attributable to exports of R93.03bn and imports of R80.99bn. From November to December 2016 exports decreased by R6.03bn (6.1%) and imports decreased by R19.75bn (19.6%).

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