South Africa’s trade surplus narrows to US$2.24B in July

South Africa’s trade balance recorded a surplus of ZAR 37.42B (US$2.24B) in July from a revised surplus of ZAR 45.73B in June, data from the revenue service showed on Monday.

Exports rose 6.1% on a month-on-month basis to ZAR 122.49B, while imports were up 22.1% to ZAR 85.07B, the South African Revenue Service said.

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Source: Reuters