[ad_1]
Nigeria ranked in N7.01 trillion in exports within the second quarter of 2023, with Netherlands, USA, Indonesia, France, and Spain making the highest 5 export locations.
A breakdown of the Nationwide Bureau of Statistics (NBS) report revealed that complete exports amounted to N7.01 trillion, surpassing the N6.48 trillion reported within the first quarter of this yr by an 8.15 % enhance.
Learn additionally: NIPOST income falls by 17% in a single yr – NBS
Nevertheless, on a year-on-year foundation, export trades depreciated by 5.20 % in comparison with N7.4 trillion recorded in the identical interval in 2022.
In line with the NBS knowledge, the key items exported to those 5 nations are Petroleum oils and oils obtained from bituminous minerals, crude value N5,586.29 billion.
Different items that left Nigeria for worldwide markets are Pure gasoline, liquefied, valued at N639.37 billion and Urea, whether or not or not in aqueous answer contributed N81.21 billion to the export listing.
The Netherlands imported N788.85 billion value of products from Nigeria in Q2 2023.
Learn additionally: Revisiting the NBS unemployment report
America imported N718.63 billion, Indonesia accounted for N550.18 billion, France acquired N540.73 billion value of products and Spain contributed N504.45 billion.
[ad_2]
Source link
