Federal finance and statistics / National Bureau of Statistics

Foreign Trade in Goods Statistics (Q3 2023)

Highlights Total trade in the third quarter of 2023 stood at N18,804.29 billion. Exports were valued at N10,346.60 billion while total imports stood at N8,457.68 billion. Total exports increased by 60.78% compared to the amount recorded in the second quarter of 2023 (N6,435.13 billion) as well as by 74.36% compared to the corresponding quarter in 2022 (N5,934.15 billion). Similarly, total imports increased by 47.70% compared to the value recorded in the second quarter of 2023 (N5,726.25 billion) and by 33.33% when compared to the value recorded in the corresponding quarter of 2022 (N6,343.53 b…