Federal finance and statistics / National Bureau of Statistics

Foreign Trade in Goods Statistics (Q4 2022)

Key Highlights In the fourth quarter of 2022, Nigeria's total trade stood at N11,722.44 billion of which total exports stood at N6,359.61 billion and total imports amounted to N5,362.83 billion. On an annual basis, total trade was N52,387.30 billion, total imports amounted to N25,590.55 billion, and total exports were recorded at N26,796.75 billion. Total exports increased in the fourth quarter by 7.17% and 10.28% when compared to the amount recorded in the third quarter of 2022 (N5,934.15 billion) and the corresponding quarter in 2021 (N5,766.62 billion) respectively. Conversely, total import…