SA records R6.7 billion trade deficit

Monday, November 30, 2009

Pretoria - South Africa has recorded a R6.7 billion trade deficit in October, the South African Revenue Services (SARS) said on Monday.

According to SARS, the deficit was mainly due to an increase in imports of 21.92 percent and a decrease in exports of 3.18 percent.

"Exports for October 2009 of 44.09 billion and imports of R50.80 billion resulted in a deficit of 6.7 billion," said SARS.

SARS further added that imports increased by R9.13 billion to R50.80 billion and exports decreased by R1.45 billion to R44.09 billion.

In September, South Africa recorded a trade surplus of R3.9 billion.