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Foreign Trade in Goods Statistics

Nigeria
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NGA-NBS-FTS
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NATIONAL ECONOMY
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Dec 06, 2024
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Reports
Foreign Trade Statistics Report Q3 2024
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Author(s) National Bureau of Statistics, Nigeria
Date 6/12/2024
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) NBS, Nigeria
Abstract Nigeria's total merchandise trade stood at ₦35,160.44 billion in Q3, 2024. This represents an increase of 81.35% compared to the value recorded in the corresponding period of 2023 and a rise of 13.26% over the value recorded in the preceding quarter. In the quarter under review, exports accounted for 58.27% of total trade with a value of ₦20,486.39 billion, showing an increase of 98.00% rise over the value recorded in the third quarter of 2023
₦10,346.60) and 16.76% compared to the value recorded in Q2 2024 (₦17,545.62).
Nigeria's exports trade continued to be dominated by crude oil exports, in the third quarter of 2024, crude oil export was valued at ₦13,406.37 billion representing 65.44% of total exports while the value of non-crude oil exports stood at ₦7,080.02 billion accounting for 34.56% of total exports; of which non-oil products contributed ₦2,501.85 billion or 12.21% of total exports.
Table of contents Table of Contents
Key Highlights: -----------------------------------------------------------------------------------------------------------------3
1.0 Overview -------------------------------------------------------------------------------------------------------------------6
1.1 Imports Classified by Standard International Trade Classification and Country of Origin --------------7
1.2. Exports Classified by Standard International Trade Classification and Country of Destination------12
2.0 Analysis of Nigeria’s Trade with African Countries -----------------------------------------------------------13
3.0 Analysis of Nigeria’s Trade with ECOWAS Countries --------------------------------------------------------16
4.0 Exports and Imports Products Classified by Sectors -----------------------------------------------------------19
4.1 Agricultural Goods Sector --------------------------------------------------------------------------------------------19
4.2 Solid Minerals Sector --------------------------------------------------------------------------------------------------21
4.3 Manufactured Goods Sector ---------------------------------------------------------------------------------------21
4.4 Raw Material Goods Sector -----------------------------------------------------------------------------------------22
5.0 Trade by Mode of Transport ----------------------------------------------------------------------------------------24
6.0 Trade by Custom Ports and Post -----------------------------------------------------------------------------------24
Methodology ---------------------------------------------------------------------------------------------------------------27
Appendix --------------------------------------------------------------------------------------------------------------------28
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Foreign Trade Statistics Report Q4 2024
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Author(s) National Bureau of Statistics, Nigeria
Date 2025-03-07
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) NBS, Nigeria
Description Nigeria's total merchandise trade stood at ₦36,604.83 billion in Q4, 2024. This represents an increase of 68.32% compared to the value (₦21,747.40) recorded in the corresponding period of 2023 and a rise of 2.20% over the value recorded in the preceding quarter (₦35,818.35). In the quarter under review, exports accounted for 54.68% of total trade with a value of ₦20,014.33 billion, showing an increase of 57.67% rise over the value recorded in the fourth quarter of 2023 (₦12,693.62) and a decrease of 2.55% compared to the value recorded in Q3 2024 (₦20,537.17).
Nigeria's exports trade continued to be dominated by crude oil in the fourth quarter of 2024, which was valued at ₦13,783.00 billion representing 68.87% of total exports while the value of non-crude oil exports stood at ₦6,231.33 billion accounting for 31.13% of total exports; of which non-oil products contributed ₦2,842.52 billion or 4.20% of total exports.
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Foreign Trade Statistics Report Q1 2025
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Description IMPORTS
The value of total imports stood at ₦ 15,426.17 billion in the first quarter of 2025, representing a rise of 4.59% from the value recorded in the corresponding quarter of 2024 (₦14,749.52 billion) and decreased by 7.02% compared to the value recorded in Q4, 2024 (₦16,590.51billion).

EXPORTS
Total exports in Q1 2025 were valued at ₦ 20,598,48 billion, reflecting a 7.42% rise compared to ₦19,176.19billion in the corresponding quarter of 2024 and a 2.92% increase compared to ₦20,014.33 billion in Q4, 2024.
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Other Materials
Foreign Trade Statistics Report Q3 2024 Tables
Download [XLSX, 281.37 KB]
Author(s) National Bureau of Statistics, Nigeria
Date 6/12/2024
Country Nigeria
Language English
Contributor(s) NBS
Publisher(s) NBS, Nigeria
Download http://microdata.nigerianstat.gov.ng/index.php/catalog/84/download/1063
Foreign Trade Statistics Report Q4 2024 Tables
Download [XLSX, 288.13 KB]
Foreign Trade Statistics Report Q1 2025 Tables
Download [XLSX, 286.28 KB]
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