Export Tracker Q4 - 2019

South Africa’s trade balance remained positive for the third consecutive quarter, recording a surplus of R23.2 billion in constant rand in Q4 2019 from R6 billion in the previous quarter. The upswing in the trade balance came about as the value of merchandise imports sharply declined by 5.6% to R319 billion in Q4 2019, compared to exports which decreased slightly by 0.6% from R344 billion in Q3 2019 to R342 in Q4 2019.