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31 January 2012 – South African Trade Statistics for December 2011

31 January 2012 – South African Trade Statistics for December 2011

Pretoria, 31 January 2012 – The South African Revenue Service (SARS) today releases trade statistics for December 2011 that record a trade surplus of R4.7 billion.

Summary

The trade surplus for December 2011 is R4.7 billion (Surplus of 10.3 billion in December 2010) compared to a deficit of R8.0 billion in November 2011, a month-on-month improvement of R12.7 billion.  Exports decreased by R5.5 billion (-8.0%) to R63.0 billion and imports decreased by R18.2 billion (-23.8%) to R58.3 billion.

The trade surplus of R4.7 billion in December 2011 was mainly due to a decrease in imports of products of chemical or allied industries, original equipment components, mineral products and machinery and electrical appliances.

The cumulative deficit for 2011 is R15.1 billion compared to a cumulative surplus of R4.8 billion in 2010.

Trade Highlights by Category

  • The November to December change (down by -8.0%) in exports of goods reflected changes mainly in:
    • Machinery and electrical appliances decreased by R 678 million (-12%);
    • Precious and semi-precious stones and metals decreased by R 789 million (-4%);
    • Mineral products decreased by R1 318 million (-8%);
    • Base metals and articles thereof decreased by R2 154 million (-23%) and
    • An increase in Vegetable products by R 747 million (57%).

 

  • The November to December change (down by -23.8 %) in imports of goods reflected changes mainly in:
    • Precious and semi-precious stones and metals decreased by R 423 million (-63%);
    • Textile and textile articles decreased by R 457 million (-22%);
    • Vehicles, aircraft and vessels decreased by R 516 million (-6%);
    • Miscellaneous manufactured articles decreased by R 517 million (-39%);
    • Plastics and rubber and articles thereof decreased by R 674 million (-23%);
    • Vegetable products decreased by R1 118 million (-54%);
    • Base metals and articles thereof decreased by R1 172 million (-30%);
    • Products of the chemical or allied industries decreased by R1 248 million (-20%);
    • Original equipment components decreased by R1 673 million (-42%);
    • Mineral products decreased by R4 096 million (-24%); and
    • Machinery and electrical appliances decreased by R4 818 million (-25%).

Trade Highlights by World Zone

The world zone results for November and December 2011 as given below are unaudited.

  • Asia  The deficit decreased from R 11.4bn in November to R 4.3bn in December 2011. Exports decreased by R 1.7bn to
    R 22.3bn and imports decreased by R 8.8bn to R 26.6bn.
  • Europe:  The deficit decreased from R 8.8bn in November to R 2.7bn in December 2011. Exports decreased by R 0.2bn to
    R 15.2bn and imports decreased by R 6.2bn to R 17.9bn.
  • America: The deficit increased from R 0.4bn in November to R 1.0bn in December 2011. Exports decreased by R 1.0bn to
    R 7.0bn and imports decreased by R 0.4bn to R 8.0bn.
  • Africa:  The surplus increased from R 4.8bn in November to R 4.9bn in December 2011. Exports decreased by R 1.9bn to
    R 9.6bn and imports decreased by R 2.0bn to R 4.7bn.
  • Oceania The deficit decreased from R 1.0bn in November to R 0.3bn in December 2011. Exports decreased by R0.03bn to
    R 0.6bn and imports decreased by R 0.8bn to R 0.9bn.

SA Trade Release Table

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