South Africa trade surplus narrows to 7.18 billion rand in August

JOHANNESBURG (Reuters) – South Africa recorded a trade surplus of 7.18 billion rand ($399.03 million) in August, down from a revised surplus of 24.81 billion rand in July, data from the revenue service showed on Friday.

Exports dropped 1.0% month on month to 175.37 billion rand, while imports were up 10.4% at 168.19 billion rand, the South African Revenue Service said.

($1 = 17.9935 rand)

(Reporting by Bhargav Acharya and Anait Miridzhanian; Editing by Alexander Winning)

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