The total value of Nigeria’s merchandise trade from January to date is to N23.2 trillion, while trade in the third quarter of 2020 (Q3 2020) stood at N8.37 trillion, the NBS has said.
The National Bureau of Statistics (NBS) said this in its “Foreign Trade in Goods Statistics Q3, 2020” published on its website on Monday.
According to the report, the Q3 figure represents an increase of 34.15 percent, compared to Q2, but a decline of 8.85 percent, compared to Q3 2019.
Giving details, the NBS said that the import component was valued at N5.38 trillion, representing an increase of 33.77 percent in Q3, against the level recorded in Q2 and 38.02 per cent compared to Q3 2019…
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