Federal finance and statistics / National Bureau of Statistics

Foreign Trade in Goods Statistics (Q2 2023)

Key Highlights In the second quarter of 2023, Nigeria's total trade stood at N12,741.96 billion, total exports stood at N7,015.71 billion and total imports amounted to N5,726.25 billion. Total exports increased by 8.15% when compared to the amount recorded in the first quarter of 2023 (N6,487.04 billion) but declined by 5.20% compared to the corresponding quarter in 2022 (N7,400.89 billion). Likewise, in the period under review, total imports increased by 2.99% compared to the value recorded in the first quarter of 2023 (N5,559.88 billion) but declined by 10.37% when compared to the value reco…