SA trade balance swings to R10.8bn deficit in January
Sars says exports in January fell by 14% on a month-on-month basis, while imports were up 12.5%.
JOHANNESBURG – South Africa posted a R10.81 billion ($830 million) trade deficit in January, more than market expectations, following a revised R12.41 billion surplus in December, data from the revenue agency showed on Tuesday.
Exports in January fell by 14% on a month-on-month basis, while imports were up 12.5%, the South African Revenue Service (Sars) said in a statement.
Analysts polled by Reuters had expected a trade deficit of R8.4 billion for January.