South Africa Foreign Merchandise Trade — October 2022 Report

Measured at a seasonally adjusted basis, the rand value of imports increased by 5.8% month-on-month in August 2022. Measured at a 3-months annualised basis, imports were 58.5% higher, while import growth over the past 12 months amounted to 32.6%. The seasonally rand value of exports decreased by 5.1% month-on-month in August 2022. Measured at a 3-months annualised basis, exports were 9.2% higher, while export growth over the past 12 months amounted to 12.7%. The latest 12-month merchandise trade balance measured a surplus of R161 billion, compared with a R360 billion surplus recorded during the 12-month period a year earlier.