South Africa sees vegetable exports increase by 46%
The stats, which include trade information with Botswana, Lesotho, Namibia and Swaziland, shows a year-to-date improvement in the trade balance.
Trade highlights included month-on-month increases in the export of vegetable products (up 46%) and prepared foodstuffs (up 38%).
“The R9.50-billion trade balance surplus for May 2017 is attributable to exports of R105.02-billion and imports of R95.52-billion. Exports increased from April 2017 to May 2017 by R13.99-billion (15.4%) and imports increased from April 2017 to May 2017 by R9.46-billion (11%),” Sars said in a statement.
“Exports for the year-to-date (01 January to 31 May 2017) grew by 6.1% from R438.01-billion in 2016 to R464.78-billion in 2017. Imports for the year-to-date of R445.25-billion are 1.3% less than the imports recorded in January to May 2016 of R451.30-billion.”
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