Federal finance and statistics / National Bureau of Statistics

Foreign Trade in Goods Statistics (Q3 2022)

Key Highlights In the third quarter of 2022, Total trade stood at N11,597.93 billion, this was lower than the value recorded in the second quarter of 2022 (N12,841.54 billion) but was higher than the value recorded in the corresponding period of 2021 which stood at N10,472.42 billion. Total Exports stood at N5,933.63 billion of which Re-exports were N25.04 billion, while total imports stood at N5,664.30 billion. In the quarter under review, total exports declined by 19.89% when compared to the second quarter of 2022 (N7,406.53 billion) but it increased by 15.52% of the value recorded in the th…