Home / news / “nigeriatoday” declare : Nigeria’s merchandise trade grows in Q4, records 1st positive trade balance

“nigeriatoday” declare : Nigeria’s merchandise trade grows in Q4, records 1st positive trade balance

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Nigeria’s merchandise trade grows in Q4, records 1st positive trade balanceMarch 4, 2017 9:- Nigeria –The National Bureau of Statistics (NBS) has said that the total value of Nigeria’s merchandise trade at the end of fourth quarter 2016 is ₦5.286 billion.
According to the report, Nigeria records positive trade balance due to rising exports since fourth quarter of 2015.
“The last time Nigeria recorded a positive trade balance was in fourth quarter of 2015,’’ it stated.
“This shows a stark improvement from the negative trade balance of -₦136.0 billion recorded in the preceding quarter.

referring to

The net trade balance stood at minus 290 billion naira ($953 million) for all of 2016.
But exports more than compensated for that rise, jumping 53.5 percent in value terms from a year earlier to 2.98 trillion naira, the statistics bureau said.
The balance of trade for the fourth quarter was 671 billion naira.
Fourth-quarter imports rose 46.4 percent from the previous year to 2.31 trillion naira ($7.6 billion), the statistics bureau said.
LAGOS (Reuters) – Nigeria’s trade balance turned positive in the fourth quarter of 2016 after exports rose by more than half, the national bureau of statistics said on Saturday, the first positive reading since the same quarter a year ago.

Nigeria trade balance turns positive in Q4 as exports jump*/

referring to

January 2017 US trade balance -48.5bn vs -48.5bn exp

January 2017 US trade balance -48.5bn vs -48.5bn exp*/

Imports 2.3% vs 1.6% priorGoods trade balance revision -68.8bn vs -69.2bn priorThe improvement in Dec has been wiped out and more.
Details form the January 2017 US trade balance data report 7 March 2017Prior -44.3bnExports 0.6% vs 2.7% prior.
US trade balance.
That’s not a good sign for overall activity, let alone the balance.
There’s far more negative numbers than positive ones on the Export/Imports by country.

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