Nigeria’s complete overseas commerce, together with exports and imports, surged by 24.9 per cent yearly, growing to N69.81 trillion in 2023.
That is in keeping with mixed experiences by the Nationwide Bureau of Statistics quarterly overseas commerce information.
The determine represents a 24.9 per cent enhance in comparison with the N52.4 trillion recorded in 2022.
1 / 4-by-quarter breakdown confirmed that the whole International commerce for Q1 stood at N12.05 trillion, complete exports had been N6.49 trillion, whereas imports worth was N5.56 trillion.
In Q2 2023, the nation’s total commerce stood at N12.16 trillion, with complete exports at N6.44 trillion and imports amounting to N5.73 trillion.
In Q3 2023, there was an enchancment as the whole commerce stood at N18.80 trillion, with exports and imports totalling N10.35 trillion and N8.46 trillion, respectively.
Within the fourth quarter of 2023, Nigeria’s complete commerce reached N26.81.95 trillion. Exports contributed N12.69 trillion, and imports accounted for N14.10 trillion.
Within the referenced interval, complete exports stood at N35.39, whereas imports had been N34.42 trillion.
