SA imports and exports plunge in first quarter
The inefficiency of SA ports has curtailed economic growth, particularly for fruit exporters and mining houses
10 July 2024 - 12:44
SA was one of only two countries surveyed by UN Trade and Development in the first quarter of 2024 to experience a decline in trade, which was attributed to a large drop in both imports and exports as SA ports grapple with operational challenges.
Asia’s economic powerhouse, Japan, was the second country to suffer trade losses. According to the UN agency’s data, SA imports dropped by 8% in the period under review, while exports decreased 8%. ..
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