South Africa Reports Trade Deficit in January
South Africa trade gap reached ZAR17.06 billion in January of 2014 as imports surged and exports remained virtually unchanged.
From December to January, exports increased by ZAR0.10 billion (0.1%) to ZAR77.67 billion and imports increased by R19.75 billion (26.3%) to ZAR94.73 billion.
The December to January change in exports of goods reflected decreases and increases in: Vehicles & Transport Equipment decreased by ZAR1462 million (20.0%); Machinery & Electronics decreased by ZAR1326 million (17.2%); Precious Metals & Stones increased by ZAR1849 million (14.7%) ; Mineral Products increased by ZAR1314 million (6.3%); Base Metals increased by ZAR1147 million (12.2%).
The December to January change (up by 26.3%) in imports of goods reflected increases in: Machinery & Electronics increased by ZAR5220 million (27.9%); Mineral Products increased by ZAR5055 million (27.8%); Vehicle Components increased by ZAR2043 million (71.2%); Chemical Products increased by ZAR1941 million (29.5%); Plastics & Rubber increased by ZAR1145 million (44.9%).
The deficit with Asia increased from ZAR10509 million in December 2013 to ZAR20264 million in January 2014. Exports decreased by ZAR1054 million to ZAR24714 million and imports increased by ZAR8701 million to ZAR44978 million.
The deficit with Europe increased from ZAR3419 million in December 2013 to ZAR6689 million in January 2014. Exports increased by ZAR1950 million to ZAR20203 million and imports increased by ZAR5220 million to ZAR26892 million.
The deficit with America increased from ZAR1570 million in December 2013 to ZAR2197 million in January 2014. Exports decreased by ZAR252 million to ZAR6343 million and imports increased by ZAR376 million to ZAR8540 million.
The surplus with Africa decreased from ZAE14791 million in December 2013 to ZAR8254 million in January 2014. Exports decreased by ZAR1150 million to ZAR21260 million and imports increased by ZAR5387 million to ZAR13006 million.
2/28/2014 12:20:19 PM