Trade surplus of 1.991 billion USD was recorded at the end of September 2020 – DRC
The trade balance of the Democratic Republic of the Congo at the end of the third quarter of 2020, September, shows a positive balance of 1 billion 991.25 million USD, which resulted from exports valued at 8 billion 341.16 million USD and imports of 6 billion 349.91 million USD, according to data from the Central Bank of Congo.
However, the trade volume in 2020 is down compared to the same period in 2019 when the trade balance was USD 138.30 million, resulting in exports of 11 billion USD 112.05 million and imports of 10 billion 973 , 75 million USD.
The Central Bank explains the decline in the volume of trade this year by the decline in export earnings, the decline in global demand and the contraction of economic activity.
A country’s trade balance is the difference, in terms of monetary value, between exports and imports of goods or goods and services in an economy over a period of time. We also talk about trade balance. A positive trade balance means that the country exports more goods and services than it imports: this is referred to as a “trade surplus” or “surplus balance”. When it is negative, we speak of a “trade deficit”.
