SARS releases trade statistics for May 2020

Pretoria, 30 June 2020 – The South African Revenue Service (SARS) today releases trade statistics for May 2020 recording a trade surplus of R15.94 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 May 2020) trade surplus of R12.97 billion is an improvement from the R7.22 billion deficit for the comparable period in 2019. Exports decreased by 8.8% year-on-year whilst imports deteriorated by 21.9% over the same period.