Manufactured imports rise to N40.94tn, Nigeria exports N4tn goods The Punch
Published 13 July 2021
• Our goods are of high standards but environmental constraints drive up cost – MAN
Between January 2017 and March 2021, Nigeria spent N40.94tn on the importation of manufactured goods.
It earned only N4.22tn on the export of manufactured goods within the same period.
These are according to data obtained from the Foreign Trade report of the National Bureau of Statistics.
In the review period, total value of imports was N66.43tn and total value of exports was N67.30tn. Manufactured goods dominated the import bill but contributed little to the export bill of the nation.
SOURCE / COMPANIES
By GT staff reporters Published: Apr 28, 2021 06:53 PM
A textile workshop in East China s Zhejiang Province Photo: VCG
Affected by the COVID-19 epidemic, many enterprises in India cannot guarantee normal delivery, including textiles, active pharmaceutical ingredients (API) and electronic devices. In order to ensure the supply of goods, European and American retailers have transferred many orders originally produced in India to China.
IHS Markit, a London-based global information provider, said in a research note on Wednesday that the prolonged COVID-19 surge has negatively affected India s economic outlook.
Electronic manufacturing, one of the pillar industries that contributed nearly 20 percent to India s GDP, is among the hard-hit list, according to statistics from National Investment Promotion & Facilitation Agency of India.
April 15, 2021
NCTO Chairman David Roberts
NCTO Chairman David Roberts outlined key industry facts and economic data, and recapped NCTO’s PPE and other legislative efforts in 2020 during his “State of the U.S. Textile Industry” address during NCTO’s 17th annual meeting, which was held virtually.
By David Roberts
Let me begin by saying what an honor and privilege it has been to serve as Chairman of NCTO over these past several months.
The year 2020 was marked by a once-in-a-generation pandemic and health crisis that profoundly impacted our businesses, creating challenges and new opportunities that we are still navigating through today and will be confronting for the foreseeable future.
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Published 12:32 am
Shippers in the country have said they lost N780bn in 2020 because they could not access shipments in ports. They said the inability to access the ports affected both in imports and export cargoes.
President of Shippers Association Lagos State, Jonathan Nicol, said this in an interview with our correspondent, adding that as a result, shippers had begun considering other ports.
He said, “Last year was a bad year by the time we computed goods lost based on inability to enter the port.
“Most of the cargoes are perishable items. A lot of them were returned damaged. Some of the goods got spoilt before they could even be shipped. It involves both import and export cargoes.
SAINTE-JULIE, Quebec, April 07, 2021 (GLOBE NEWSWIRE) The Group Export Agri-Food is pleased to announce the opening of the application period for the 2021 Alizés Awards, presented by FCC. Canadian agri-food exporters have until June 19, 2021 to apply in either of two categories: Small to Medium-Sized Enterprises, reserved for companies with revenues of less than 50 million dollars, and Large company, for those with revenues of 50 million dollars or more. The winners will be unveiled in September 2021 in conjunction with SIAL Canada. Despite the current context, it was imperative for us to recognize the achievements of an industry that has been put to the test over the past year and that has brilliantly risen to the challenge. Canadian exports are increasing, proof that the industry knows how to adapt and face headwinds. The Alizés Awards take on a very special meaning this year, explains Martin Lavoie, President and CEO of Group Export.