The value of manufactured goods imported into the country exceeded exports by 10.6bn (N4.37tn) in the second quarter of 2021, according to figures obtained from the National Bureau of Statistics.
The NBS stated that the value of manufactured goods trade in Q2, 2021 stood at N4.51tn representing 37.50 per cent of total trade. “Out of this, the export component accounted for N211.67bn while the import component was valued at N4.3tn,” the NBS report stated.
The products that drove up manufactured products were vessels and other floating structures for breaking up, which was exported to Cameroon in the value worth N71.9bn…
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