(RTTNews) - South Africa's merchandise trade balance turned to surplus in June, helped mainly by higher exports of precious stones and metals, data released by the South African Revenue Service showed Friday.
The trade balance for June was a surplus of ZAR 4.9 billion, compared to a deficit of ZAR 1 billion in May. In June 2010, the trade balance was a surplus of ZAR 5.6 billion.
Export of goods advanced 7.5 percent on a monthly basis to ZAR 4.2 billion during the month. Shipments of precious and semi-precious stones and metals climbed 14 percent, while dispatches of mineral products moved up by 7 percent. There was a 39 percent monthly growth in exports of vegetable products during the month.
Meanwhile, imports decreased 2.9 percent month-on-month to ZAR 55.7 billion in June. Arrivals of mineral products dropped 8 percent, while imports of machinery and electrical appliances decreased by 5 percent from the previous month.
“small step for man”