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SA records trade surplus in December

South Africa recorded a trade surplus of R3.7 billion in December 2009, the South African Revenue Service (SARS) said on Friday, 29 January 2010.

The surplus is as a result of a decrease in imports of 13.73% and a decrease in exports of 1.08%. In December, exports amounted to R45.36 billion and imports came to R41.69 billion resulting in a surplus of R3.67 billion.

“The cumulative trade deficit for 2009 is R25.84 billion compared to a deficit of R71.63 in 2008, a decline of R45.79 billion or 64%,” said SARS.

Source: SAnews.gov.za

SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.

Go to: http://www.sanews.gov.za
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