Pretoria, 29 April 2022 – The South African Revenue Service (SARS) today releases trade statistics for March 2022 recording a preliminary trade balance surplus of R45.86 billion. These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 March 2022) preliminary trade balance surplus of R62.10 billion is a deterioration from the R99.06 billion trade balance surplus for the comparable period in 2021. Exports increased by 9.8% year-on-year whilst imports increased by 21.3% over the same period.
The R45.86 billion preliminary trade balance surplus for March 2022 is attributable to exports of R185.82 billion and imports of R139.96 billion. Exports increased by R43.88 billion (30.9%) between February and March 2022 and imports increased by R9.51 billion (7.3%) over the same period.
See the full media statement here.