SOUTH AFRICAN REVENUE SERVICE
PRESS STATEMENT

27 DECEMBER 2007

SOUTH AFRICAN TRADE STATISTICS FOR NOVEMBER 2007

TRADE DEFICIT DECREASES IN NOVEMBER 2007 FROM R14.7 BILLION TO R0.6 BILLION MAINLY DUE TO A MONTH-ON-MONTH DECREASE IN IMPORTS OF MINERAL PRODUCTS AND ORIGINAL VEHICLE EQUIPMENT COMPONENTS AND A MONTH-ON-MONTH INCREASE IN EXPORTS OF PRECIOUS STONES AND METALS, MINERAL PRODUCTS AND VEHICLES.

The South African Revenue Service (SARS) announced today that November exports of R48.38 billion and imports of R48.99 billion resulted in a deficit of R0.61 billion. Imports decreased by R7.3 billion (13%) to R48.99 billion whilst exports increased by R6.8 billion (16%) to R48.38 billion. The year-on-year cumulative deficit increased from R67 billion to R71 billion. Highlights include a month-on-month decrease in imports of mineral products, machinery, and original equipment components and a month-on-month increase in exports of precious stones and metals and mineral products.

Trade Highlights by Category

Trade Highlights by World Zone

Trade for the year

Graph of 2005, 2006, and 2007 trade

The cumulative trade deficit for January to November 2007 was R71.3 billion versus a deficit of R67 billion for the same period in 2006.

Graph of exports and imports for 2005, 2006 and 2007.

Compared to the same period in 2006, the growth in exports of 24% outpaced the growth in imports, at 21%. Cumulative imports increased by R91 billion (21%) from R426 billion to R517 billion and exports increased by R87 billion (24%) from R359 billion to R446 billion.

ENDS

ISSUED BY THE COMMISSIONER FOR THE SOUTH AFRICAN REVENUE SERVICE
PRETORIA



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