South Africa’s base metal export value down 23.2 percent in Jan-May

Thursday, 02 July 2020 12:41:08 (GMT+3)   |   Istanbul
       

According to data released by the South African Revenue Service (SARS), in May this year the value of South Africa's exports of base metals and articles thereof totaled ZAR 10.99 billion ($650.13 million), up 181.6 percent from April. In the January-May period, South Africa's export value of base metals and articles thereof decreased by 23.2 percent year on year to ZAR 46.76 billion ($2.76 billion).

In May this year, the country's imports of base metals and articles thereof amounted to ZAR 4.69 billion ($277.45 million), rising by 2.1 percent from the previous month, while in the first five months of the current year, South African imports of base metals and articles thereof fell by 10.7 percent year on year, amounting to ZAR 23.95 billion ($1.41 billion).


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