Nigeria’s exports to Africa surged in the first half of 2025, reaching N4.82 trillion, a 14 per cent increase from N4.21 trillion in the same period of 2024. West Africa continued to dominate as the main market, absorbing over 62 per cent of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs …
China’s car sales growth slowed to its weakest pace in three years in 2025, with automakers struggling to offset a cooling domestic market. Last month, sales fell 14.5% year-on-year to 2.28 million units, worsening from an 8.5% decline in November the largest drop since February 2024, according to the China Passenger Car Association (CPCA). For …
Uganda’s export earnings soared to $1.5 billion in October, nearly double the same month last year, according to official data. The surge reflects strong receipts from key commodities. Coffee, Uganda’s cornerstone export and top source of foreign exchange, benefited from elevated global prices. As Africa’s leading coffee exporter in 2025, Uganda earned a record $2.4 …
Switzerland’s exports to the United States surged in September as pharmaceutical companies accelerated shipments to beat Washington’s impending tariff hike. Data released on Tuesday by the Swiss Federal Customs Administration show that total Swiss exports to the U.S. soared by nearly 43% in seasonally adjusted terms compared to August, a sharp rebound after a slump …
China’s exports of rare earth magnets fell 6.1% in September, sparking renewed concerns that Beijing may again use its dominance in critical minerals as leverage in trade talks with the United States. Customs data showed shipments dropped to 5,774 tonnes from 6,146 tonnes in August, ending three consecutive months of growth and coming just before …
Global companies have incurred more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, though many are now scaling back earlier forecasts as new trade deals ease exposure to President Donald Trump’s levies. Trump’s trade war has driven tariffs to their highest levels since the 1930s, but recent bilateral agreements with the …
China’s economy expanded by 4.8% in the third quarter, its weakest pace in a year, as sluggish domestic demand left the country leaning heavily on exports to sustain growth. Analysts warn that this growing dependence on foreign markets amid a deepening trade dispute with the United States could threaten China’s economic stability in the medium …
American soybean farmers are facing one of their toughest seasons in decades after losing access to their biggest customer, China. Despite trade missions to Nigeria, Vietnam, and Bangladesh, these alternative markets have not come close to replacing Beijing’s enormous demand. For the first time in more than 20 years, Chinese buyers have not purchased soybeans …
China has accelerated purchases of Argentine soybeans, booking about 20 cargoes, or 1.3 million tons, since Buenos Aires scrapped export taxes earlier this week, traders said on Wednesday. The surge makes Argentine beans more competitive and continues to erode U.S. market share, already hit by tariffs from the ongoing U.S.-China trade war. Most of the …
By Esther Ososanya Ukraine’s trade deficit surged to $18.5 billion between January and June 2025, marking a sharp increase from the $12.4 billion recorded during the same period last year, according to fresh data released by the State Statistics Service on Thursday. The widening gap underscores the country’s ongoing struggle to balance imports and exports …
