Thread: Economicwatch
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Old 1st December 2016, 09:25 AM
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Default Re: Economicwatch

National Bureau of Statistics | HOME

NBS publishes q3 2016 foreign trade in goods report


1. Total trade value in q3 2016 was N4.72tn from N4.06tn in q2 2016 representing an increase by 16.3% or N0.661bn

2. Total exports stood at N2.30tn representing an increase of N0.520tn or 29.1% while imports rose to N2.41tn an increase of N0.140tn or 6.2%

3. Mineral products accounted for largest share of exports (97.3%) in q3 2016, then prepared food and beverages(1.1%), vegetable products(0.4%)

4. Trade balance remained negative but improved to -N104.14b in q2 2016 from -N484.23b in q2 2016, -N235.4b in q1 2016 & N644.98b in q3 2015
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