In the fourth quarter of 2023, South Africa registered a surplus of R22.9 billion, a third consecutive surplus since the second quarter of 2023. This was despite the drop of 0.5% in total exports, year-on-year, from R522 billion in Q4 2022 to R520 billion (in constant rand terms) in Q4 2023 The total imports to the country also saw a decline of 3.1% year-on-year from R513 billion in Q4 2022 to R497 billion (in constant rand terms) in Q4 2023.