Western Cape Quarterly Trade Report: 2022Q4
The global economy continues to be shaped by high inflation and weak economic growth underpinned in part by the ongoing Ukraine-Russia conflict. Domestically, South Africa’s gross domestic product (GDP) declined by 1.3% in the fourth quarter of 2022. Despite challenging global economic conditions, the Western Cape continues to record strong trade flows, with both exports and imports rising significantly in recent years. This quarterly report provides an overview of trade flows and developments in the Western Cape in the final quarter of 2022.
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