An improvement in the export of merchandise from Nigeria to the United States in the first half of this year has reduced the trade deficit between both countries by 61.4 percent.

Analysis of trade statistics obtained by BizWatch Nigeria showed that the trade deficit in the first half of this year was $260.63 million against $675.51 million in the same period last year.

The data from the US Department of Commerce showed that the export of merchandise from Nigeria to the US from January to June this year was $1.64 billion while the United States imported goods worth $1.91 billion in the same period.

Read More: https://bizwatchnigeria.ng/analysis-nigeria-us-trade-deficit-slumps-by-61-4-in-h1/