Post by Trade Coach on Feb 10, 2017 23:36:46 GMT 1
The bilateral International Trade volume between Nigeria and South Africa which will reach a record of $3.98billion (992billion naira) or R626billion) in 2015 has dropped to an unprecedented level, the south African High commission to Nigeria has stated Mnguni said trade between the two countries increased steadily from $1.32billion (N262.7billion or R20.6billion) in 2013 to $3.98billion in 2015. He attributed the rise and lately instability to the gradual rise to automotive parts from South Africa which exports cars, vehicle parts, uncoated paper and paper-board. While the past few years forced the decline. The High commissioner said Nigeria’s vast population if well tapped or utilized presents a huge export market for this products.
