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Picture: 123RF/ANEK SUWANNAPHOOM
Picture: 123RF/ANEK SUWANNAPHOOM

SA’s trade surplus narrowed to R30.14bn in December, from a revised R35.84bn November, SA Revenue Service data showed on Monday.

Exports fell 4% on a month-on-month basis to R156.3bn, reflecting the effects of the lockdown restrictions that followed the outbreak of the Omicron Covid-19 variant.

However, the trade surplus for 2021 surged to R440.75bn, from R271.57bn the year before, reflecting the effect of higher commodity prices that boosted fiscal revenues.

Exports surged 30.5% to R1.82-trillion in 2021, while imports rose 22.8% to R1.123-trillion compared with 2020.

mahlangua@businesslive.co.za

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