In a constantly evolving economic context, trade between the Democratic Republic of Congo and the rest of the world saw a significant drop of nearly 30% in January 2024 compared to the previous year. This data, revealed as part of the economic situation note from the Central Bank of Congo, shows a downward trend in the volume of trade.
However, despite this decrease in trade, the DRC’s trade balance recorded a surplus of 1,544.31 million US dollars in January 2024, marking a clear improvement compared to the deficit observed at the same period the previous year. This favorable dynamic is part of a global context where the price of a barrel of oil increased by 2.08%, reaching USD 85.27 on the international market.
Strikes on Russian refineries and falling crude reserves in the United States have contributed to this increase in oil prices. In addition, the evolution of global oil demand in the first quarter, estimated by the International Energy Agency, also played a key role.
At the same time, the prices of rice and corn recorded variations, with respective drops of 0.07% and 0.63%. These data demonstrate the complexity of international trade and the importance of closely monitoring market developments to anticipate fluctuations.
In conclusion, despite the economic challenges facing the DRC and the entire world, it is essential to stay informed and adapt your strategies accordingly to best navigate a constantly changing environment.
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