Federal finance and statistics / National Bureau of Statistics

Foreign Trade in Goods Statistics (Q2 2022)

Key Highlights In the second quarter of 2022, Total trade stood at N12,841.54 billion, this was lower than the value recorded in the first quarter of 2022 (N13,001.28 billion) but was higher than the value recorded in the corresponding period of 2021 which stood at N9,712.02 billion. Total Exports were N7,406.53 billion of which Re-exports stood at N9.63 billion, while total imports stood at N5,435.01 billion. In the quarter under review, total exports increased by 4.31% when compared to the first quarter of 2022 (N7,100.46 billion) and by 47.55% of the value recorded in the second quarter of …