The trade balance declined in the first quarter of 2019. At the end of the quarter, the deficit was R0.3 billion. With the exception of the first quarter of 2017, South Africa has seen a trade deficit in the first quarter for the 10 years between 2010 and 2019. "
Main Bulletin: The Real Economy Bulletin - First Quarter 2019 In this edition GDP growth: The GDP declined in the first quarter of 2019, while the economy lost jobs. The downturn continues the trend of volatile growth rates that began five years ago. Previous quarterly downturns in this period, however, were driven by agriculture;…"
The trade balance declined in the fourth quarter of 2018, however, although it fell there was still a trade surplus. During the same period, imports grew by 7,8% while exports saw a minimal growth of 1,2%."