South Africa July Rough Exports Down 17%

Раздел: Новости на английском
08 октября 2007 г.

RAPAPORT… South Africa’s exports of rough diamonds fell 17 percent to $146.18 million (ZAR 997.06 million) in July 2007, according to data published by the country’s Department of Trade and Industry. South Africa, the world`s third largest producer of rough diamonds by value, exported 997,959 carats of rough diamonds in July, representing a decline of 40 percent from one year ago.

Rough imports rose 1 percent to $92 million, bringing its net rough exports (rough exports less rough imports) down 37 percent to $54.17 million.

South Africa’s polished exports dropped 7 percent to $55 million, and polished imports rose 68 percent to $14.32 million in July. Net polished exports (polished exports less imports) fell 19 percent to $40.7 million. The country’s July net diamond account (net rough exports plus net polished exports) declined 30 percent to $94.87 million.

In the first seven months of the year, South Africa’s rough exports increased 4 percent to $981.79 million, as rough imports grew 26 percent to $555.93 million. Net rough exports dropped 16 percent to $425.86 million.

Polished exports rose 24 percent to $356.3 million during the year to date, and polished imports climbed 45 percent to $72.32 million, contributing to a 20 percent rise in net polished exports to $368.22 million.

South Africa’s net diamond account for January through July declined 2 percent to $794.09 million.

The Department of Trade and Industry publishes its trade figures in South African Rand (ZAR) and Rapaport News converted the figures to US dollars according to the official opening exchange rate on October 8 of ZAR 6.8 = $1.
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