May heralds trade surplus but export picture remains bleak

South Africa’s export figures rebounded in May by R1.75 billion, the Reserve Bank has announced.

In its latest trade assessment the central bank said May had recorded exports of R112.07 billion compared to imports of R110.33 billion.

The trade surplus has come as welcome news after April’s trade deficit of R3.53 billion.

Unfortunately May’s surplus is significantly lower than that yielded year-on-year as 2018’s surplus for the same month was R4.76 billion.

Derrick runs IdealMedia Marketing, a boutique digital agency based in Johannesburg.

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