Official merchandise trade statistics reveal that during the same period in 2023, the country imported textiles and textile articles worth 55,127.7 million rand. South Africa continues to be a net importer in this product segment.
Exports of textiles and related products edged up by 2.6 per cent, amounting to 21,701.2 million rand (~$1,132.90 million) in the first eleven months of 2024, compared to 21,159.6 million rand during the corresponding period in 2023.
In November 2024, South Africa’s textile and textile article imports under the chapters 50 to 63 stood at 5,478.2 million rand (~$285.98 million), reflecting a 21.7 per cent decrease over the imports of 6,999.1 million rand in the previous month, October 2024.
The country’s exports under the same chapters eased by 10.1 per cent to 2,556.2 million rand (~$133.44 million) in November 2024, up from 2,321.2 million rand in October 2024.
Although South Africa’s imports of textile products declined but exports surged in the latest month November 2024, its both sides trade has noticed upward trend in the first eleven months of year 2024.
Fibre2Fashion News Desk (KUL)