Business Description

Each National Statistical Agency in Africa is in charge of gathering and disseminating trade statistics. These organisations produce thorough trade data for Africa for their respective nations using information from customs declarations, trade documentation, and other sources. At ports of entrance and exit, customs agencies are crucial to gathering trade data. They gather details about imports and exports, such as commodity codes, amounts, values, and origin and destination nations. Africa Trade Data from customs is useful for understanding how commodities move across borders. As part of their responsibility to monitor the external trade and balance of payments, central banks in African nations frequently gather trade statistics. They gather data on cross-border exchange rates, currency movements, and trade-related financial information. Community Economic Regions: Community economic African organisations like the Southern African Development Community (SADC), the East African Community (EAC), and the Economic Community of West African States (ECOWAS) may compile information on regional commerce. By frequently gathering and disseminating regional trade statistics, these bodies promote regional integration and commercial cooperation.

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