Advertisement
2023 GOVERNORSHIP AND
STATE HOUSE OF ASSEMBLY ELECTIONS
- days
- Hours
- Minutes
- Seconds
Advertisement

Goods traded by Nigeria with other West African countries have been ranked as the least among the country’s global trade partners.
Figures obtained from the National Bureau of Statistics’ foreign trade statistics for the third quarter of 2020 revealed that trade with Asian countries topped the list of Nigerian trade partners.
Part of the report read, “During the quarter, Nigeria imported goods mainly from Asia, valued at N2.59tn.
Advertisement

“Other major imports originated from Europe, valued at N1.8tn while imports from America and Africa amounted to N746.4bn and N175.4bn respectively.
“Import from Oceania stood at N532.4bn while goods valued at N12.5bn originated from ECOWAS.”
According to the figures, Nigeria’s imports, by country of origin, showed goods were imported mainly from China (N1.64tn or 30.51 per cent), United States (N482.3bn or 8.96 per cent), The Netherlands (N443.5bn or 8.24 per cent) and India (N354.1bn or 6.58 per cent) respectively.
The value of exports in Q3 2020 stood at N2.99tn, showing an increase of 34.85 per cent compared to Q2 2020 but a decrease of 43.41 per cent compared to Q3 2019.
Exports by section revealed that mineral products accounted for the largest proportion of exports, amounting to N2.78tn or 93.1 per cent.
This was due to the crude oil component of this section.
Source: www.punchng.com
Disclaimer
Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.
Support The Pacesetter Frontier Magazine
It takes a lot to get credible, true and reliable stories.
As a privately owned media outfit, we believe in setting the pace and leaving strides in time.
If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.
Related posts
FG urges NLC to call ASUU to order
NECO to release results in 45 days
Stay connected
Recent News
Dangote refinery receives first crude cargo totalling 1m barrels
Advertisement The Dangote oil refinery in Nigeria on Friday received its first cargo of 1 million barrels of crude oil…
Aviation: Ibom Air acquires Airbus plane
Advertisement Governor of Akwa Ibom State, Umo Eno, on Friday unveiled the first of the 10 new Airbus- A-220-300 series…