Motorcycle imports from India, China gulped N117.65bn in Q1 – NBS - Punch Newspapers

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Nigeria imported motorcycles worth N117.65bn from India and China in the first quarter of this year, according to the National Bureau of Statistics.

The NBS’ foreign trade statistics showed that trade with Asia countries constituted 48.45 per cent of Nigeria’s total import trade of N6.85tn. Goods traded by Nigeria with Oceanic countries were ranked as the least among the country’s global trade partners, accounting for N48.5bn or 0.7 per cent of total import trade.

“This was followed by Europe with N2.47tn or 36.08 per cent, America N827.8bn or 12.08 per cent, Africa N183.4bn or 2.68 per cent and Oceania N48.5bn or 0.71 per cent. Out of the value recorded for Africa, import from ECOWAS countries accounted for N20.8bn.”

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