South Africa achieves trade balance surplus of R10.5bn in April
South Africa recorded a preliminary trade balance surplus of R10.5-billion in April, the South African Revenue Services (Sars) reports.
This surplus is attributed to exports of R169.5-billion and imports of R159.1-billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).
The year-to-date (January 1 to April 30) preliminary trade balance surplus of R26.6-billion was an improvement from the R6.7-billion trade balance surplus for the comparable period in 2023.
On a year-on-year basis, export flows for April of R169.5-billion were 4.2% higher compared with R162.7-billion recorded in April 2023, while import flows were 0.8% higher having increased from R157.8-billion in April 2023 to R159.1-billion in the current period.
On a month-to-month basis, exports increased by R7.2-billion (4.4%) from R162.3-billion to R169.5-billion between March and April, while imports also increased by R5.9-billion (3.8%) from R153.2-billion to R159.1-billion over the same period.
Export flows increased in April, driven by platinum group metals, gold and passenger vehicles.
Imports flows increased on the back of sizable increases in the importation of petroleum oils (excluding crude), original equipment components and passengers vehicles.
Owing to ongoing vouchers of correction, the preliminary trade balance surplus of R7.3-billion announced for March was revised upwards by R1.9-billion, with the final number at R9.2-billion.
Comments
Research Reports
Projects
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
