SARS releases trade statistics for November 2020

Pretoria, 28 December 2020 – The South African Revenue Service (SARS) today releases trade statistics for November 2020 recording a trade surplus of R36.72 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 30 November 2020) trade surplus of R238.33 billion is an improvement from the R9.18 billion surplus for the comparable period in 2019. Exports increased by 18.9% year-on-year whilst imports declined by 7.7% over the same period.

The R36.72 billion trade surplus for November 2020 is attributable to exports of R138.66 billion and imports of R101.94 billion. Exports decreased by R9.19 billion (6.2%) between October and November 2020 and imports decreased by R10.96 billion (9.7%) over the same period.