{"id":3531,"date":"2022-03-15T09:00:56","date_gmt":"2022-03-15T09:00:56","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus"},"modified":"2022-03-15T11:40:42","modified_gmt":"2022-03-15T11:40:42","slug":"eswatini-records-e27-7-million-trade-surplus","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus","title":{"rendered":"ESWATINI RECORDS E27.7 MILLION TRADE SURPLUS"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>In February 2022, the country recorded a merchandise trade surplus of E27.7 million, a slight turnaround from a deficit of E3.0 million posted in January of the same year. Governor of the Central Bank of Eswatini (CBE) Majozi Sithole disclosed that exports amounted to E2.657 billion, an 11.6 per cent month-on-month increase, however, on a year-on-year basis, exports expanded by larger 22.9 per cent.<\/p>\n

Sithole explained that imports also exhibited meaningful growth of 10.3 per cent to settle at E2.629 billion in February 2022. When observed on year-on-year basis, Sithole reported that imports increased by 28 per cent. It should be mentioned that South Africa remains the major trading partner for Eswatini, with 68.5 per cent of exports destined for that market and 67.7 per cent of imports originating from the same market in February 2022.<\/p>\n

Total exports to date amounted to E5.039 billion, 19.8 per cent higher than the same period last year. Year-to-date imports for the first two months were valued at E5.014 billion, 9.4 per cent higher than the first two months of 2021.<\/p>\n

\u201cThe trade balance for the first two months of 2022 is currently a surplus of E24.7 million,\u201d Sithole disclosed.<\/p>\n

An analysis into February 2022 trade revealed that the country\u2019s export earnings continued to be dominated by \u2018soft drink concentrates\u2019, accounting for 40.8 per cent of all exports but falling by 13.4 per cent month-on-month to E1.085 billion. \u2018Sugar and sugar confectionary\u2019, on the other hand, soared compared to the previous month by 52.1 per cent to E648.6 million and higher by 35.0 per cent year-on-year.<\/p>\n

\u2018Wood and articles of wood\u2019 recorded subdued growth of 2.5 per cent month-on-month to E174.0 million, while exports of \u2018textile and wearing apparel\u2019 amounted to E256.2 million, a notable growth of 36.7 per cent year-on-year. Eswatini\u2019s imports continued to be diverse in nature with only a few dominating products, with the main being \u2018mineral fuel\u2019, which includes energy products such as fuel and electricity.<\/p>\n

Commodity<\/p>\n

Imports of this commodity amounted to E352.4 million, reflecting a decrease of 3.4 per cent month-on-month and an increase of 53.6 per cent year-on-year. Sithole went on to explain that an increase in economic activity and more importantly the upward pressure on crude oil prices in recent months accounted for the movements in imports.<\/p>\n

The import of textile and textile inputs amounted to E275.8 million, displaying a relatively flat growth from E273.2 million in the previous month. Imports of \u2018machinery and electrical equipment\u2019, another significant import product line, increased by 25.9 per cent to E310.8 million in February.<\/p>\n

\u2018Vehicles other than rail\u2019 also increased in the month to E136.4 million, a 36.1 per cent month-on month increase, and rose by 19.9 per cent higher year-on-year. Lastly, food imports in terms of \u2018animal and vegetable products\u2019 combined amounted to E205.4 million, 12.4 per cent lower than the food imports of the previous month.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. In February 2022, the country recorded a merchandise trade surplus of E27.7 million, a slight turnaround from a deficit of E3.0 million posted in January of the same year. Governor of the Central Bank of Eswatini (CBE) Majozi Sithole disclosed that exports amounted to E2.657 billion, an 11.6 per cent month-on-month increase, […]<\/p>\n","protected":false},"author":84,"featured_media":3530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[234,248,249],"class_list":["post-3531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nESWATINI RECORDS E27.7 MILLION TRADE SURPLUS - Eswatini<\/title>\n<meta name=\"description\" content=\"In February 2022, the country recorded a merchandise trade surplus of E27.7 million, a slight turnaround from a deficit ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESWATINI RECORDS E27.7 MILLION TRADE SURPLUS\" \/>\n<meta property=\"og:description\" content=\"In February 2022, the country recorded a merchandise trade surplus of E27.7 million, a slight turnaround from a deficit ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-15T09:00:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-15T11:40:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/03\/img-62307b24ec67d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ESWATINI RECORDS E27.7 MILLION TRADE SURPLUS\",\"datePublished\":\"2022-03-15T09:00:56+00:00\",\"dateModified\":\"2022-03-15T11:40:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus\"},\"wordCount\":473,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/03\/img-62307b24ec67d.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/eswatini-records-e27-7-million-trade-surplus\",\"name\":\"ESWATINI RECORDS E27.7 MILLION TRADE SURPLUS - 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