According to the Bureau of Statistics, Nigeria’s imports from Asia amounted to ₦5,580.60 billion in Q2 2024, accounting for 44.74% of total imports.
Imports from Europe hit ₦4,934.03 billion (39.56%), while America and Africa contributed ₦1,337.28 billion (10.72%) and ₦555.48 billion (4.45%) respectively.
Goods imported from the Economic Community of West African States (ECOWAS) made up ₦166.37 billion (1.33%) of imports, with Oceania providing ₦66.14 billion (0.53%).
During the same period, the merchandise trade balance remained positive at ₦6,945.40 billion, up 33.63% from Q1.
The bulk of the imported items are energy and food products. Oil products and agricultural goods were the top five items purchased by Nigeria from foreign countries.
Below are the most expensive imported products in Q2 2024
