November 30, 2016 / 12:32 PM / in 2 years

South Africa's trade balance swings to a deficit in October

JOHANNESBURG (Reuters) - South Africa’s trade balance swung to a deficit of 4.41 billion rand ($315 million) in October, from a revised 6.9 billion rand surplus in September, data from the revenue agency showed on Wednesday.

A worker inspects cars at BMW's manufacturing plant in Rosslyn, outside Pretoria, September 13, 2010. REUTERS/Siphiwe Sibeko

Exports fell 11.1 percent on a month-on-month basis, while imports were up 0.4 percent, the South African Revenue Service said in a statement.

Analysts polled by Reuters had expected a trade deficit of 10.5 billion rand for October.

($1 = 13.9850 rand)

Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia

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