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Oil dominates as Nigeria’s total export hits N6.3 trn 1 in Q4 2022

Nigeria’s total export in the fourth quarter of 2022 (Q4 2022) was put at N6.359.61 trillion according to the National Bureau of Statistics (NBS).

According to NBC’s data titled: Foreign trade in goods statistics (Q4 2022) while the country exported N6.359 trillion goods, it imported N5.36 trillion goods in the period under review.

The document noted that on annual basis, total trade hit N52.387trillion, stressing while total imports were N25.5 trillion, total exports were N26.7trillion.

NBS said: “In the fourth quarter of 2022, Nigeria’s total trade stood at N11.722.44 trillion of which total exports stood at N6.359.61 trillion and total imports amounted to N5.362.83 trillion. On an annual basis, total trade was N52.387.30 trillion, total imports amounted to N25.590.55 trillion, and total exports were recorded at N26796.75 trillion.”

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