Nigeria’s Foreign Trade Increased by 10.43% Between Q2 and Q3 2021, Imports Continue to Take the Cake

The foreign trade statistics report released by the National Bureau of Statistics in December shows that there is a 1% increase in exported goods between Q2 2021 and Q3 2021 and a 10.43% increase in total trade. Q2 2021 saw a total import estimated at 8.2 trillion and the total export trade was 5.1 trillion. In Q3 total export trade was 5.13 trillion and 8.15 trillion goods were imported in the Q3. The Q3 export figures show a 1% increase in export trade of the country.