南非11月贸易顺差大幅扩大

Core Insights - South Africa's preliminary trade surplus for November reached 37.7 billion Rand, more than doubling from October's 15 billion Rand, marking the highest monthly level since 2025 [1] Trade Data Summary - November exports totaled 188 billion Rand, while imports were 150.3 billion Rand, including trade with Botswana, Eswatini, Lesotho, and Namibia (BELN) [1] - Month-on-month, exports decreased by 3.6 billion Rand (1.9%), while imports saw a significant decline of 26.4 billion Rand (14.9%) [1] - Year-on-year, exports increased by 4.5% compared to November 2024, and imports rose by 2.9% [1] - Year-to-date trade surplus stands at 178.8 billion Rand, slightly lower than the 182.5 billion Rand recorded in the same period last year [1] Factors Influencing Trade - The decline in exports was primarily due to reduced shipments of citrus, unwrought aluminum, and gold [1] - The drop in imports was mainly attributed to decreased purchases of refined petroleum products (excluding crude oil), capital equipment parts, and passenger vehicles [1] Regional Trade Performance - Excluding BELN countries, South Africa's trade surplus with the rest of the world was 25.7 billion Rand, while the surplus within the BELN region was 12 billion Rand [1] - By region, there was a surplus with Africa (32.7 billion Rand) and Europe (12.8 billion Rand), while deficits were recorded with Asia (27.2 billion Rand) and the Americas (0.9 billion Rand) [1]