SA posts largest trade deficit in more than two years
The country’s merchandise trade surplus streak of more than two years briefly ended in October 2022 when exports plunged by double digits month on month
28 February 2023 - 19:32
SA recorded the largest trade deficit since April 2020 in January, highlighting the impact that volatile commodity prices as well as local and global supply chain disruptions have had on the country’s trade balance.
The SA Revenue Service (Sars) released its latest trade statistics on Tuesday showing a sizeable R23.05bn deficit from December’s downwardly revised R4.98bn surplus. ..
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