Trade Statistics for February 2015

Pretoria, 31 March 2015– The South African Revenue Service (SARS) today releases trade statistics for February 2015 that recorded a trade deficit of
R8.48 billion. This figure includes trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS).  

Including BLNS

Summary   
The R8.48 billion deficit for February 2015 is due to exports of R76.85 billion and imports of R85.33 billion. Exports increased from January 2015 to February 2015 by R9.78 billion (14.6%) and imports decreased from January 2015 to February 2015 by R5.96 billion (6.5%).
 
The cumulative deficit for 2015 is R32.70 billion compared to R15.49 billion in 2014.
 
Trade highlights by category
 
The month-on-month export movements:
 
R’ million
 
Section:
Including BLNS:
Vehicle & Transport Equipment
+ R 4 634
+ 74.4%
Precious Metals & Stones
+ R 2 897
+ 30.4%
Machinery & Electronics
+ R 1 204
+ 19.4%
Base Metals
+ R 731
+ 7.9%
Mineral Products
- R 1 932
-10.6%
 
The month-on-month import movements:
 
R’ million
 
Section:
Including BLNS:
Mineral Products
- R 4 236
- 22.5%
Machinery & Electronics
- R 2 417
- 11.1%
Vehicle & Transport Equipment
- R 1 252
- 12.5%
Plastics & Rubber
- R 875
- 21.5%
Vegetable Products
+ R 1 323
+ 98.8%
 
Trade highlights by world zone  
  
The world zone results for February 2015 are given below.  

Africa:  
Exports: R23 121 million – this is an increase of R3 135 million from January 2015
Imports: R11 572 million – this is a decrease of R454 million from January 2015
Trade surplus: R11 549 million.
This is a 45.1% increase in comparison to the R7 960 million surplus recorded in January 2015

America:  
Exports: R7 576 million – this is an increase of R744 million from January 2015
Imports: R9 438 million – this is a decrease of R394 million from January 2015
Trade deficit: R1 861 million
This is a 37.9% decrease in comparison to the R2 999 million deficit recorded in January 2015.

Asia:  
Exports: R22 828 million – this is an increase of R2 849 million from January 2015
Imports:  R38 350 million – this is a decrease of R3 080 million from January 2015
Trade deficit: R15 522 million
This is a 27.6% decrease in comparison to the R21 451 million deficit recorded in January 2015

Europe:  
Exports: R18 307 million ¬– this is an increase of R2 002 million from January 2015
Imports: R24 083 million – this is a decrease of R2 403 million from January 2015
Trade deficit: R5 775 million
This is a 43.3% decrease in comparison to the R10 180 million deficit recorded in January 2015

Oceania:   
Exports:  R 803 million ¬ – this is a decrease of R 62 million from January 2015
Imports:   R1 709 million – this is an increase of R 351 million from January 2015
Trade deficit: R 906 million
This is an 83.7% increase comparison to the R 493 million deficit recorded in January 2015

Excluding BLNS

The trade data excluding BLNS for February 2015 recorded a trade deficit of R16.85 billion.
  
Summary   
The R16.85 billion deficit for February 2015 is as a result of exports of R66.05 billion and imports of R82.90 billion. Exports increased from January 2015 to February 2015 by R8.33 billion (14.4%) and imports decreased from January 2015 to February 2015 by R6.13 billion (6.9%).
 
The cumulative deficit for 2015 is R48.16 billion compared to R31.04 billion in 2014.
 
Trade highlights by category
 
The month-on-month export movements:
 
R’ million
 
Section:
Excluding BLNS:
Vehicle & Transport Equipment
+ R 4 555
+ 90.5%
Precious Metals & Stones
+ R 2 239
+ 24.4%
Machinery & Electronics
+ R 994
+ 20.0%
Base Metals
+ R 564
+ 6.5%
Mineral Products
- R 2 101
- 12.6%
 
The month-on-month import movements:
 
R’ million
 
Section:
Excluding BLNS:
Mineral Products
- R 4 221
- 22.5%
Machinery & Electronics
- R 2 423
- 11.2%
Vehicle & Transport Equipment
- R 1 253
- 12.6%
Plastics & Rubber
- R 884
- 21.9%
Vegetable Products
+ R 1 333
+ 102.5%
 
Trade highlights by world zone  
 
The world zone results from January 2015 to February 2015 are given below.  

Africa:  
Exports: R12 327 million – this is a increase of R1 680 million from January 2015
Imports: R9 147million – this is an decrease of R628 million from January 2015
Trade surplus: R3 180 million
This is a 264.8% increase in comparison to the R872 million surplus recorded in January 2015.

BLNS (Only)

Trade Statistics with BLNS countries


Trade statistics with the BLNS for February 2015 recorded a trade surplus of R8.37 billion.
  
Summary
The R8.37 billion surplus for February 2015 is as a result of exports of R10.79 billion and imports of R2.43 billion.

Exports increased from January 2015 to February 2015 by R1.46 billion (15.6%) and imports increased from January 2015 to February 2015 by R0.17 billion (7.7%). 

The cumulative surplus for 2015 is R15.46 billion compared to R15.56 billion in 2014.

Trade Highlights by Category

The month-on-month export movements:

R’ million
 
Section:
BLNS:
Precious Metals & Stones
+ R 659 
174.3%
Machinery & Electronics
+ R 210
16.7%
Mineral Products
+ R 169
10.6%
Base Metals
+ R 167
28.8%
Prepared Foodstuff
- R 157  
-14.5%


The month-on-month import movements:

R’ million
 
Section:
BLNS:
Prepared Foodstuff
 + R 88  
24.0%
Chemical Products
 + R 76  
15.4%
Live Animals
+ R 58
25.1%
Textiles
+ R 49
18.6%
Precious Metals & Stones
- R 70
-24.2%