SA records R770m trade surplus

 

Johannesburg – South Africa recorded a R770m trade surplus in November after a R12.39bn deficit the previous month, data from the South African Revenue Service (Sars) showed on Monday.

The data incorporates previously excluded trade with South Africa’s regional neighbours Botswana, Lesotho, Namibia and Swaziland, collectively referred to as BLNS.

When stripping out trade with the BLNS countries, the trade balance showed a R9.24bn deficit for November, narrower than the R20.97bn shortfall for October.

Exports in November, including regional trade, were up 5.3%, while imports were down 8.8%, Sars said.

The cumulative deficit for the year to November amounted to R74.74bn, compared with R37.8bn over the same period in 2012.

 
* Note to all Media – The numbers indicated in brackets [ ] trade with BLNS countries, which was how monthly trade statistics were issued previously. The comparative figures in brackets [ ] are included for the sake of transparency. The inclusion of BLNS country trade data was announced on 14 November 2013 and will be included in all future trade statistics.

 Summary 

 The R0.77 billion surplus for November 2013 [trade deficit R9.24 billion] can be attributed to exports of R86.60 billion [R74.02 billion] and imports of R85.83 billion [R83.27 billion].
 
Exports increased from October to November by R4.33 billion (5.3%) [R3.13 billion (4.4%)] and imports decreased from October to November by R8.26 billion (8.8%) [R8.27 billion (9.0%)]. 
 
The cumulative deficit for 2013 is R74.74 billion [R154.99 billion] compared to R37.80 billion [R113.93 billion] in 2012.
 

Trade Highlights by Category
 
  • The October to November change (up by 5.3%) [up by 4.4%] in exports of goods reflected increases and a decrease in:
    • Vehicles, aircraft and vessels increased by R2 414 million (34%) [R2 222 million (38%)];
    • Precious and semi-precious stones and metals increased by R 938 million (6%) [R 824 million (5%)];
    • Mineral products increased by R 657 million (3%) [R 16 million (0.1%)];
    • Vegetable products decreased by R 471 million (-18%) [R 449 million (-22%)];
  • The October to November change (down by 8.8%) [9.0%] in imports of goods reflected decreases in:
    • Mineral products decreased by R3 511 million (-17%) [R3 542 million (-17%)];
    • Original Equipment Components decreased by R1 252 million (-26%) [R1 252 million (-26%)];
    • Products of the chemicals or allied industries decreased by R1 217 million (-13%) [R1 037 million (-12%)];
    • Base metals and articles thereof decreased by R 716 million (-15%) [R 714 million (-15%)];
    • Vehicles, aircraft and vessels decreased by R 620 million (-7%) [R 632 million (-26%)];
 
 
Trade Highlights by World Zone  
  
The world zone results for October to November 2013 as given below.  
 
  • Asia:  The deficit decreased from R18 571 million in October 2013 to R14 033 million in November 2013. Exports increased by R 916 million to R26 752 million and imports decreased by R3 621 million to R40 785 million.
  • Europe:  The deficit decreased from R9 606 million in October 2013 to R7 285 million in November 2013. Exports increased by R 757 million to R18 009 million and imports decreased by R1 565 million to R25 294 million.
  • America:  The deficit decreased from R2 398 million in October 2013 to R 793 million in November 2013. Exports increased by R 532 million to R7 191 million and imports decreased by R1 073 million to R7 984 million.
  • Africa:  The surplus increased from R12 922 million [R4 109 million] in October 2013 to R17 254 million [R7 244 million] in November 2013. Exports increased by R2 095 million [R 892 million] to R27 586 million [R15 009 million] and imports decreased by R2 237 million [R2 243 million] to R10 332 million [R7 765 million].
  • Oceania: The deficit decreased from R 345 million in October 2013 to R 288 million in November 2013. Exports increased by R 186 million to R 975 million and imports increased by R 129 million to R1 263 million.

 Trade Statistics with BLNS countries

Trade statistics with the BLNS for November 2013 recorded a trade surplus of R10.01 billion.
  
Summary 
  
The R10.01 billion surplus for November 2013 can be attributed to exports of R12.58 billion and imports of R2.57 billion.

Exports increased from October to November by R1.20 billion (10.6%) and imports increased from October to November by R0.01 billion (0.2%). 

The cumulative surplus for 2013 is R80.25 billion compared to R76.13 billion in 2012.

Trade Highlights by Category

  • The October to November change (up by 10.6%) in exports of goods reflected increases in:
    • Mineral products increased by R 641 million (34%).
    • Vehicles, aircraft and vessels increased by R 191 million (17%).
    • Machinery and electrical appliances increased by R 147 million (10%).
    • Precious and semi-precious stones and metals increased by R 115 million (19%).
  • The October to November change (up by 0.2%) in imports of goods reflected an increase and a decrease in:
    • Products of the chemicals or allied industries decreased by R 180 million (-23%);
    • Precious and semi-precious stones and metals increased by R 237 million (320%).
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