Monday 20 February 2017

Benin Sees China as Leading Foreign Trade Partner During Fourth Quarter 2016

COTONOU - China positions as ninth importer and fourth exporter nation of Benin amid the final quarter 2016, the National Institute of Statistics and Economic Analysis (INSAE) said in its quarterly audit issued on Sunday.


Amid the considered period, China imported more than 1,149 tons of products esteemed 5.7 billion CFA Francs ($9.2 million) from Benin however traded 30,099 tons of goods esteemed 87 billion CFA Francs ($141 million) toward the West African nation.

Universally, Benin's exportations amid the period added up to 29.7 billion CFA Francs ($48 million) in quarter-to-quarter diminishing of 29 percent contrasted with 42.3 billion CFA Francs ($68.5 million) in the second from last quarter 2016.

"It's a yearly decline of 60.6 percent contrasted with a similar quarter the earlier year," the quarterly audit said.

In the interim, the aggregate imports amid the period under audit adds up to 409 billion CFA Francs ($661 million) speaking to quarter-to-quarter increment of 25 percent contrasted with 320 billion CFA Francs ($517 million) in the second from last quarter 2016.


Be that as it may, it remains as 2.5 percent yearly increment when contrasted with the importations amid the final quarter 2015.

The 10 major imported products valued 303.8 billion CFA Francs ($491 million) which represent 74 percent of the total importations.

ORIGINAL SOURCE: CHINADAILY 

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