National Bureau of Statistics (NBS) weekend said the country recorded a total trade value of N32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over the corresponding period in 2017.
The trade value for 2017 stood at N23.16 trillion.
NBS said this in Foreign Trade in Goods Statistics for Fourth Quarter of 2018 posted on its website.
The
bureau said the volume of total merchandise trade in 2018 was the
highest recorded since 2014, nearly double pre-recession levels.
NBS said during the fourth quarter of 2018, total merchandise trade stood at N8.60 trillion compared to its value of N9.06 trillion recorded in third quarter of the year.
It said the total export component of the trade recorded at N5.02 trillion, represented an increase of 3.5 per cent over third quarter 2018 and 28.5 per cent over fourth quarter 2017.
Meanwhile the bureau said the import component stood at N3.58 trillion in fourth quarters 2018.
The figure showed a drop of N631.6 billion or 15.0 per cent compared to third quarter, 2018 but an increase of 69.6 per cent when compared with the corresponding quarter in 2017.
However, it said the increase...
Download and read the full report by the NBS here:
https://t.co/mmaxkudHUS
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