Nigeria’s Foreign Trade Surplus, Capital Importation Shrinks in H1 2019

September 13, 2019/Cowry Asset

Freshly published merchandize trade report by National Bureau of Statistics (NBS) showed that Nigeria’s foreign sector merchandise trade value rose year-on-year (y-o-y) by 15.43% to N16.84 trillion in H1 2019.

However, merchandise trade surplus declined by 63.14% to N1.42 trillion in H1 2019 given the total exports which fell y-o-y by 0.99% to N9.13 trillion, as value of crude oil exports fell y-o-y by 0.50% to N7.31 trillion, and total imports which surged y-o-y by 43.63% to N7.71 trillion.

Click here to download our weekly report for your perusal.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *