In dollar terms, imports were down 1.1% on a month ago and down 24% measured at a 3-months annualised basis. Imports were 5.2% lower measured on a 12-months basis. Exports were 1.5% higher than a year ago. In dollar terms, exports were 5.4% lower on a month ago and down 9.4% on a 3-months annualised basis. Measured on a 12-months basis, exports were down by 7%. The latest 12-month merchandise trade deficit amounted to R175 billion which was R21bn down on the previous year’s deficit.
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