{"id":21255,"date":"2024-03-10T07:05:49","date_gmt":"2024-03-10T07:05:49","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/nigerias-foreign-trade-surged-by-24-9-to-n69-81trn-in-2023\/"},"modified":"2024-03-10T07:05:49","modified_gmt":"2024-03-10T07:05:49","slug":"nigerias-foreign-trade-surged-by-24-9-to-n69-81trn-in-2023","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/nigerias-foreign-trade-surged-by-24-9-to-n69-81trn-in-2023\/","title":{"rendered":"Nigeria\u2019s foreign trade surged by 24.9% to N69.81trn in 2023"},"content":{"rendered":"<div>\n<p>Nigeria\u2019s total foreign trade, including exports and imports, surged by 24.9 per cent yearly, increasing to N69.81 trillion in 2023.<\/p>\n<p>This is according to combined reports by the National Bureau of Statistics quarterly foreign trade data.<\/p>\n<p>The figure represents a 24.9 per cent increase compared to the N52.4 trillion recorded in 2022.<\/p>\n<p>A quarter-by-quarter breakdown showed that the entire Foreign trade for Q1 stood at N12.05 trillion, total exports were N6.49 trillion, while imports value was N5.56 trillion.<\/p>\n<p>In Q2 2023, the country\u2019s entire trade stood at N12.16 trillion, with total exports at N6.44 trillion and imports amounting to N5.73 trillion.<\/p>\n<p>In Q3 2023, there was an improvement as the total trade stood at N18.80 trillion, with exports and imports totalling N10.35 trillion and N8.46 trillion, respectively.<\/p>\n<p>In the fourth quarter of 2023, Nigeria\u2019s total trade reached N26.81.95 trillion. Exports contributed N12.69 trillion, and imports accounted for N14.10 trillion.<\/p>\n<p>In the referenced period, total exports stood at N35.39, while imports were N34.42 trillion.<\/p>\n<p>Nigeria\u2019s foreign trade surged by 24.9% to N69.81trn in 2023<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria\u2019s total foreign trade, including exports and imports, surged by 24.9 per cent yearly, increasing to N69.81 trillion in 2023.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":21256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,12049,15],"tags":[519,8090,180,12050],"class_list":["post-21255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-foreign-trade","category-news","tag-business","tag-foreign","tag-news","tag-trade"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/21255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=21255"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/21255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/21256"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=21255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=21255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=21255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}