Trade surplus widens on stronger exports
Higher receipts from energy and agriculture offset a rise in the import bill.
The trade balance widened last month as export receipts improved across both energy and agricultural commodities.
Imports also rose, led by machinery and intermediate goods, in a sign of returning capital investment.
Economists said the composition of the surplus will matter more than its headline size.
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Tunde Balogun
Economics Correspondent
Tunde Balogun writes for BusinessPress.
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