NBS reveals Nigeria’s top five exports destinations

NBS reveals Nigeria’s top five exports destinations

The National Bureau of Statistics has said that Spain, the United States of America, France, India and The Netherlands are Nigeria’s five top export destinations in the second quarter of 2024.

NBS disclosed this in its latest Foreign Trade Data released on Wednesday.

The data showed that the most exported commodities included crude oil, liquefied natural gas, and other petroleum gases in
a gaseous state, superior-quality cocoa beans, and urea.

ALSO READ  NDLEA seizes drugs concealed in vehicle engine, tyres

Nigeria’s total exports in Q2 2024 were valued at N19,418.93 billion, reflecting a 1.31 percent increase compared to N19,167.36 billion in Q1 2024 and a 201.76 percent rise compared to N6,435.13 billion in Q2 2023.

Meanwhile, the value of total imports in the period stood at N12,473.53 billion.

In the period under review, Nigeria recorded N6.95 trillion as a trade surplus in Q2 2024.

ALSO READ  FCT police confirm receipt of N20m bounty placed on wanted kidnappers by Wike

 

NBS reveals Nigeria’s top five exports destinations

Share

Leave a reply

  • Default Comments (0)
  • Facebook Comments

Your email address will not be published. Required fields are marked *