collected by :Maolly Tony
as mentioned in
For the full year, 2016, Nigeria’s import trade stood at N8,817.5 billion compared to N6,697.9 billion in 2015 and N7,374.3 billion in 2014.
Total export value for Q4 2016 stood at ₦2,978.9billion, which was 28.3% more than the value of the previous quarter.
Saturday, March 04, 2017 10:03 AM / NBSPositive Trade Balance due to rising exportsThe total value of Nigeria’s merchandise trade at the end of Q4, 2016 was ₦5,286.6 billion.
The structure of Nigeria’s import trade in Q4 2016, by section, was dominated by the imports of “Mineral products” which accounted for ₦724.0billion or 31.4% of the total value of import trade in Q4, 2016 (Table 2).
Total import for Q4 2016 was ₦2,307.6billion, which represented a decrease of 6.1% with the value of the preceding quarter.
as informed in
The trade balance, net exports, is a component of gross domestic product and is one of the biggest components of the US’s balance of payment.
Markets largely ignored the release of the Trade Balance considering there was no surprise in the print figure.
As traders look towards the upcoming US Nonfarm Payrolls report on Friday, trade data from January has offered little good news.
The US Trade Balance came in as forecasted at -$48.5 billion, nearly a 10% increase from the -$44.3 billion deficit seen in December 2016.
Here’s a summary of today’s US economic figures:- USD Trade Balance (JAN): -$48.5B as expected, from -$44.3B.
as informed in
International Trade Balance Widened in January
The overall increase reflected a $1.1 billion increase in exports along with a $5.3 billion increase in imports.
The goods deficit increased $4.0 billion to $69.7 billion, while the services surplus decreased $0.2 billion to $21.4 billion.
The U.S. international trade deficit widened in January to $48.5 billion, up from $44.3 billion in December, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
Imports of goods increased $5.1 billion to $197.6 billion, mostly due to an increase in consumer goods, which rose by $2.4 billion.
Exports of goods rose $1.1 billion to $128.0 billion in January, driven by increases in industrial supplies and materials.