The report said the value of imported agricultural goods was 12.02 per cent more in the period under review than the fourth quarter 2019 and 10.62 per cent more than first quarter of 2019.
The National Bureau of Statistics on Tuesday said Nigeria’s total foreign trade value declined by 17.94 per cent in first quarter of the year compared to the value recorded in the fourth quarter of 2019.
It added that the value of raw materials imports decreased by 8.49 per cent in first quarter 2020 relative to fourth quarter 2019, and 6.91 per cent compared to the corresponding quarter in 2019. It said the value of energy goods decreased by 72.18 per cent in first quarter 2020 on a quarter on quarter basis, and 91.58 per cent year on year.
The report said the value of agricultural goods exports grew 85.36 per cent in Q1 2020 compared to Q4, 2019 and 46.76 per cent to first quarter of 2019.
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