The National Bureau of Statistics(NBS) has revealed the top five import destinations in Nigeria for the second quarter of 2024.
According to data from the NBS foreign trade, China is the highest trading partner. They are closely followed by Belgium, India, the United States of America, and The Netherlands.
It also showed that the most traded goods were Motor spirit ordinary, oil, Durum wheat, Butanes and Cane sugar meant for sugar refineries. The total import value during the year’s second quarter stands at N12,473.53 billion.
The amount recorded in Q1, 2024 (N13.970.05 billion) represented a decrease of 10.71% compared to the current value and an increase of 97.93% from the value in the same quarter of 2023 (N6,301.95 billion).
In contrast, Nigeria’s total exports in Q2 2024 amounted to N19,418.93 billion, a 1.31% increase from N19,167.36 billion in Q1 2024 and a 201.76% rise from N6,435.13 billion in Q2 2023.