Commodity exports from Nigeria to China, India, Spain, Netherlands, and South Africa in the first quarter of this year hit $4.92bn (N1.87tn), the National Bureau of Statistics has said.
The NBS disclosed this in its Commodity Price Indices Terms of Trade report released on Thursday. Petroleum products stood out as the most exported commodities in the first quarter of this year. The major import into Nigeria came from India during the review period, with a monetary value of N637.5bn.
Export trade to India was dominated by crude oil valued at N526.9bn, followed by natural gas worth N91.3bn, and sesame seeds of N7.97bn…
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