Subscribe & Follow

Advertise your job vacancies

SA bulk exports rise by 16.4% y/y in Feb after Jan's surge

16 Mar 2015

SA's bulk export volumes rose by 16.4% year on year (y/y) to 14.9-million tons (Mt) in February after surging by 34.1% y/y in January to a record monthly total of 16.4Mt‚ data from the Transnet National Ports Authority (TNPA) showed on Thursday, 12 March 2015.

SA bulk exports rise by 16.4% y/y in Feb after Jan's surge

This meant that bulk export volumes grew by 25% y/y in the first two months of the year‚ which is substantially better than the small 2.6% gain in 2014 to a record annual total of 156.5 Mt. If we annualise the first two months of 2015 then SA could export almost 190Mt this year.

The Treasury predicted in the February Budget Review that real (adjusted for price changes) export growth would be 3.3% this year‚ but foreign trade is notoriously difficult to forecast accurately. The Treasury estimate is that exports only grew by a real 0.9% in 2014. The official data will be released on March 17 in the South African Reserve Bank's Quarterly Bulletin.

As Richards Bay Coal Terminal no longer releases operational statistics‚ economists are finding it more difficult to track economic performance in SA in a timely manner.

Fourth-quarter 2014 bulk exports were up 5.6% y/y after a poor first three quarters when the increase was only 1.5% y/y.

Source: BDpro via I-Net Bridge

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za