Federal finance and statistics / National Bureau of Statistics

Foreign Trade in Goods Statistics (Q1 2022)

Key Highlights In the first quarter of 2022, Total trade stood at N13,001.28billion, this was higher than the value recorded in the fourth quarter of 2021 (N11,707.20billion) and the value recorded in the corresponding period of 2021 which stood at N7,860.12 billion. Total Exports were N7,100.46billion of which Re-exports stood at N115.80billion, while total imports stood at N5,900.83billion. In the quarter under review, total exports increased by 23.13% when compared to the fourth quarter of 2021 (N5,766.62billion) and by 137.88% of the value recorded in the first quarter of 2021 (N2,984.93 b…