Johannesburg – South Africa improved its trade deficit by R9bn compared to January 2016’s value of R19.55bn, according to data from the South African Revenue Service (SARS).
The tax authority's trade statistics show a trade deficit of R10.81bn for January 2017. Imports of R91.4bn exceeded exports of R80.59bn. During December 2016, exports declined by 14% or R13.09bn, and imports rose by 12.5% or R10.13bn.
The report by SARS shows these statistics are based on trade data with Botswana, Lesotho, Namibia and Swaziland. Excluding these countries from the data translates into a deficit of R17.57bn.