The National Bureau of Statistics (NBS) said Nigeria’s total trade in the fourth quarter of 2022 was N11.722 trillion.
According to a report by the NBS, the country exported N6.359 trillion goods, while it imported N5.36 trillion goods in the period under review.
The document noted that on annual basis, total trade hit N52.387 trillion. Total annual imports were N25.5 trillion, while total annual exports were N26.7 trillion.
NBS said total exports increased in the fourth quarter by 7.17% and 10.28% when compared to the amount recorded in the third quarter of 2022.
The report also noted that conversely, total imports declined by 15.46% in the fourth quarter of 2022 compared to the value recorded in the third quarter of 2022 (N6.343.53 trillion) and fell by 9.73% when compared to the value recorded in the corresponding quarter of 2021 (N5.940.58 trillion).
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