SA’s trade gap widens during October

South Africa recorded a trade deficit of R21.39 billion for the month of October, according to data released by the South African Revenue Service (Sars).

Exports amounted to R86.35 billion while imports were valued at R107.74 billion.

Exports decreased by 2.4% and imports decreased by 2.3% when compared with October 2014 figures.

The cumulative deficit for 2015 of R59.39 billion is 37.6% lower than the deficit for the comparable period in 2014 of R95.14 billion.

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