Measured at a seasonally adjusted basis, the rand value of imports decreased by 9.7% month-on-month in April 2023. Measured at a 3-months annualised basis, imports were 1.5% higher, while import growth over the past 12 months amounted to 30.0%. the rand value of exports increased by 2.4% month-on-month in April 2023. Measured at a 3-months annualised basis, exports were 9.7% higher, while export growth over the past 12 months amounted to 10.3%.The latest 12-month merchandise trade balance measured a surplus of R6.9 billion, compared with a R281 billion surplus recorded during the 12-month period a year earlier.
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