According to data released by the South African Revenue Service (SARS), in July this year the value of South Africa’s exports of base metals and articles thereof totaled ZAR 17.53 billion ($979.37 million), down 0.9 percent from June. In the January-July period, South Africa’s export value of base metals and articles thereof went down by 6.4 percent year on year to ZAR 124.20 billion ($6.93 billion).
In July, the country’s imports of base metals and articles thereof amounted to ZAR 8.96 billion ($500.73 million), increasing by 0.6 percent from the previous month, while in the first seven months of the year South African imports of base metals and articles thereof moved down by 0.7 percent year on year to ZAR 58.56 billion ($3.27 billion) compared to the same period of 2023.