The Nation Newspaper Nigeria's total trade rises by 145.58% in one year to N31.8tr, says NBS
The total merchandise trade increased by 145.58%, rising from N12.6 trillion in the first quarter of 2023 to N31,810.59 trillion in the first quarter of 2024. made this known on Sunday, June 9, in its document titled: ‘ Foreign Trade in Goods Statistics .”
NBS said: “Nigeria’s total merchandise trade stood at N31,810.59 billion in Q1, 2024. This represents an increase of 46.27% over the value recorded in the preceding quarter and rose by 145.58% compared to the value recorded in the corresponding period of 2023.”The document said the data revealed that export accounted for 60.25% of total trade in the reviewed quarter with a value of N19,167.36 billion, showing an increase of 51.00% compared to the value recorded in Q4 2023 and by 195.
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