The South African Revenue Service (SARS) released 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. Read more about the trade statistics for March 2022 Here.
SARS is the legislatively empowered controlling entity for statistics on the importation and exportation of goods. Exercising this control entails record-keeping, verification, publication and analysis of trade data. Read more Here.
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