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ECONOMY
Trade deficit shrinks dramatically
Posted Wed, 01 Nov 2006

SA's trade deficit decreased dramatically in September, crimping to R175-million last month from a deficit of R5.284-billion the previous month, according to figures released by Customs & Excise on Tuesday.

Trade with non-Southern African Customs Union partners had been forecast to decrease to R3.9-billion in September.

The figure is also much lower than the R7.746-billion deficit recorded in July — a figure that had economists and analysts worried.

Imports of mineral products came down by R899-million, while original equipment components imports plummeted by R684-million and base metals and articles of base metals came down by R545-million.

Also bringing the imports down, vehicles, aircraft and vessels imports crimped by R476-million and imports of machinery, mechanical appliances and electrical equipment plunged by R641-million.

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