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Current account of the balance of payments: Third quarter 2022
The deficit on the current account of the balance of payments narrowed to R18.1 billion (0.3% of GDP) in the third quarter of 2022 from R107 billion (1.6% of GDP) in the second quarter. South Africa’s trade surplus narrowed further from R252 billion in the second quarter of 2022 to R233 billion in the third quarter as the value of merchandise imports increased more than that of goods exports. The value of both merchandise exports and imports increased further to all-time highs in the third quarter. The higher value of exports of goods and services reflected an increase in volumes while that of imports of goods and ... (full story)