The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N11.722 billion in the fourth quarter of 2022.
This is according to the NBS Foreign Trade in Goods Statistics Report for Q4 2022 released in Abuja on Friday.
The NBS said total exports stood at N6.359 billion, and total imports stood at N5.362 billion.
The report said on an annual basis, total trade was N52.387 billion, total imports amounted to N25.590 billion, and total exports were recorded at N26.796 billion.
It said total exports increased in Q4 2022 by 7.17 per cent and 10.28 per cent compared to the amount recorded in Q3 2022 at N5.934 billion and Q4 2021 at N5.766 billion, respectively.
The report, however, said total imports declined by 15.46 per cent in Q4 2022 compared to the value recorded in Q3 2022 at N6.343 billion. Total imports also fell by 9.73 per cent compared to the value recorded in the fourth quarter of 2021 at N5.940 billion.
The NBS said re-exports value in the quarter under…
