Saturday, November 28, 2020

Chinese products top Nigeria’s imported goods list

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The National Bureau of Statistics says Nigeria has imported a total of 31.41 per cent of goods from China.

The NBS stated in its report on ‘Foreign trade in goods statistics’ for second quarter of 2020, that Spain topped the list of Nigeria’s exported goods.

Analysis of export by region revealed that Nigeria exported most products to Europe (N976.5bn or 44 per cent), followed by Asia (N734.1bn or 33.08 per cent), Africa (N401.4bn or 18.1 per cent), America (N105.8bn or 4.8 per cent) and Oceania (N1.7bn or 0.08 per cent).

Within Africa, goods worth N149.3bn were exported to ECOWAS member states.

All regions recorded declines in the value of exported goods during the quarter, although China and Japan each recorded increased export activity.