National Bureau of Statistics (NBS) has said that in the Q4, 2021, Nigeria’s total merchandise trade stood at $27.87 billion (₦11,707.20 billion), 74.71 per cent higher when compared to the value recorded in the Q4, 2020.
A statement released by the bureau and obtained by Daily Sun from NBS website, at the weekend, also revealed that the share of exports in total trade stood at ₦5,766.62 billion, 49.26 per cent in Q4, 2021.
Whereas imports value in the Q4, 2021 accounted for ₦5,940.58 billion, 50.74 per cent of total trade, export trade by region in Q4 2021 shows that Nigeria exported most products to Europe with goods valued at ₦2,408.39 billion or 41.76 per cent of total exports, Asia (₦1,875.56 billion, or 32.52 per cent of total exports) and Africa was ₦773.83 billion or 13.42 per cent of total exports of which ₦250.52 billion worth of goods were exported to ECOWAS countries and exports to America amounted to (₦702.74 billion, or 12.19 per cent of total exports)…
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