Sunday, 09 May 2021 01:35 GMT

Increase witnessed in S. African trade surplus in March

( MENAFN ) Figures from the South African Revenue Services (SARS) demonstrated on Friday that trade surplus in South Africa increased to 52.77 billion rand (USD3.64 billion) during March from 31.22 billion rand (USD2.15 billion) in the previous month.

The SARS stated that both exports and imports data advanced in March.

It noted in a report that the trade surplus is due to exports of 168.29 billion rand (USD11.61 billion) and imports of 115.52 billion rand (USD7.97 billion).

The SARS stated that the first quarter recorded a trade surplus of 96.63 billion rand (USD6.66 billion), a climb from 31.67 billion rand (USD2.18 billion) a year earlier. Exports rose by 45.6 percent annually whilst imports advanced by 22.7 percent over the very period.

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