Trade Deficit
latest news & developments
UPDATED: China trade to ‘soften blow of US tariffs’
China’s ambassador said South Africa’s call to narrow its trade deficit and diversify exports required building local beneficiation capacity
Metal sector strike cost SA economic growth rate
The Reserve Bank’s Quarterly Bulletin shows real economic growth in the third quarter would have been 3.1% were it not for the metals sector strike.
SA trade gap halves as vehicle imports slump
The trade deficit unexpectedly shrunk to R6.5-billion in May as fewer vehicle imports offset the drop in platinum exports.
SA records shock trade deficit in March
South Africa has recorded a trade deficit of R11.4-billion in March, outpacing market expectations of a R1.5-billion decline.
SA posts biggest trade gap in seven months in August
The effect of strikes on exports saw the current account deficit widen by almost R5-billion.
Record trade deficit for SA in January
South Africa has posted a record trade deficit for January attributed largely to imports of machinery and other capital equipment.
SA’s trade deficit narrower, pressure seen
South Africa’s trade deficit narrowed sharply in May as exports rose despite a transport sector strike.
SA records R1,9bn trade deficit in April
South Africa’s trade account swung back into deficit in April, recording a shortfall of R1,9-billion, compared with a R460-million surplus in March.
SA February trade deficit widens as imports rise
SA’s trade deficit widened in February, data showed on Wednesday, reflecting a rise in imports as the economy recovers from last year’s downturn.
SA 2009 trade deficit narrows on slowdown
The deficit on SA’s trade account narrowed sharply in 2009 compared with the previous year due to a recession that slashed imports.
SA trade deficit hits record in January
SA’s trade deficit hit a record R17,4-billion in January, swelled by plunging vehicle and precious metal exports as an economic crisis hits demands.
Trade deficit down
Sars on Wednesday revised the country’s trade deficit for 2008 sharply lower after excluding gold temporarily imported for refining purposes.
SA September trade deficit widens
South Africa’s trade deficit widened to R7,1-billion in September, from a R5,12-billion shortfall in August, the Sars said on Friday.
SA trade deficit shrinks in August
South Africa’s monthly trade deficit shrunk to R5,12-billion in August, largely due to a big fall in oil imports, official data showed on Tuesday.
July trade deficit widens to R14,3bn
SA recorded a trade deficit of R14,3-billion in July compared with June’s R180-million shortfall, the South African Revenue Service said on Friday.