Nigeria’s total merchandise trade rose to N13.3 trillion in Q3 of 2021, representing 10.43 per cent increase over N12.02 trillion recorded in Q2, Simon Harry, the Statistician-General of the Federation, has said.
Mr Harry announced this on Monday in Abuja during a media conference on the “Foreign Trade in Goods Statistics for Quarter Three, 2021”.
He said of the N13.3 trillion, export trade value was N5.1 trillion, while import trade was valued at N8.1 trillion, resulting to a negative trade balance of N3.02 trillion.
According to him, this was majorly due to…
