Politics
Breaking: Nigeria Records A 60% Export Growth, Reaching N10.35 Trillion In The Third Quarter (Details)

According to the report, Nigeria’s total trade during Q3 2023 involved exports valued at N10.35 trillion and imports totaling N8.46 trillion. The surge in total exports represented a substantial growth of 60.78% compared to the second quarter of 2023 (N6.44 trillion) and an impressive 74.36% increase from the corresponding quarter in 2022 (N5.93 trillion).
Likewise, total imports experienced a notable upswing of 47.70% when compared to the second quarter of 2023 (N5.73 trillion) and a 33.33% rise compared to the corresponding quarter in 2022 (N6.34 trillion).
The surge in both exports and imports during Q3, 2023, was attributed to heightened trade activities within this period. Notably, Spain, India, The Netherlands, Indonesia, and France emerged as the top export destinations for Nigeria, while China, Belgium, India, Malta, and the United States of America were the primary sources of imports for the country.
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