Foreign Trade Volume Hits N32.26tn in 2018, Says NBS

National Bureau of Statistics (NBS) weekend said the country recorded a total trade value of N32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over the corresponding period in 2017. 

The trade value for 2017 stood at N23.16 trillion.

Industries’ Total Turnover up in Third Quarter

THE total turnover generated by South African industries is 3.3% higher at R2.04-trillion in the third quarter compared with the second quarter.
Statistics SA’s quarterly financial statistics (QFS) survey showed on Tuesday that turnover rose in seven of the eight industries covered by the survey as economic growth picked up, although modestly, in the third quarter.

 
The survey results are used in compiling a gross domestic product (GDP) estimate, which in turn is used to develop and monitor government policy. The statistics are also used by the private sector to analyse business and industry performance.