South Africa registered a record trade deficit of 21.2 billion rand (about 2.4 billion U.S. dollars) in October, the South African Revenue Service (SARS) announced on Friday.

The deficit was due to an increase in exports of 7.8 percent and an increase in imports of 16.7 percent, SARS said.

Exports increased by 4.4 billion rand (about 500 million dollars) and imports increased by 11.8 billion rand (about 1.34 billion dollars).

SARS attributed the increased trade deficit to increased imports of machinery and electrical appliances, chemical products and vehicles, aircraft and vessels.

The cumulative deficit for the year to date is 104.6 billion rand (about 11.9 billion dollars), compared to 9.4 billion rand (about 106 million dollars) for the same period in 2011.

The latest data coupled with a bleak economic outlook for the country. According to the SA Reserve Bank (SARB), the country's economic growth slowed to 1.2 percent in the third quarter, the lowest in three decades.

"The fourth quarter is likely to be also very low. The average may still be about 2 percent or a little bit above that, but the trend is the problem," SARB Governor Gill Marcus said.