\n
Crude oil exports accounted for 74.98 percent of Nigeria\u2019s total export value in the second quarter of 2024.<\/p>\n
The National Bureau of Statistics disclosed this in its Foreign Trade Goods Statistics released on Wednesday.<\/p>\n
According to the data, Crude oil exports contributed N14.56bn to the country\u2019s total exports in the second quarter of the year.<\/p>\n
The data showed that the most exported commodities in the period under review included crude oil, liquefied natural gas, and other petroleum gases in a gaseous state, superior-quality cocoa beans and urea<\/p>\n
In Q2 2024, Nigeria\u2019s total exports 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.<\/p>\n
Conversely, the value of total imports in the period under review stood at N12,473.53 billion.<\/p>\n
This comes as Nigeria recorded N6.95 trillion as a trade surplus in Q2 2024.<\/p>\n
\u00a0<\/p>\n
Crude oil accounts for 74.98% of Nigeria\u2019s exports in Q2 2024 \u2013 NBS<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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