he National Bureau of Statistics (NBS) has revealed Nigeria’s major trading export partners for the first quarter of the year.
According to the recent data, India has the highest percentage share in export trade for the first three months of 2019.
India (16.43 per cent) is followed by Spain which has 10.74 per cent and the Netherlands (8.94 per cent).
Here are Nigeria’s five majors trading export partners in 2019:
- South Africa
Foreign Tradein Goods Statistics (nbs)
Nigeria’s major mode of transporting its goods to trading partner countries remains by sea.
The Apapa port remains the leading port of operation during the first quarter of the year. It accounted for 89.6 per cent of the total export transaction.
Second is Portharcourt (23.8 per cent), followed by Tin Can Island (18.9 per cent).
Nigeria’s 10 exports in the first quarter of the year are:
- Mineral products
- Vehicles, aircraft, vessels and parts
- Prepared foodstuffs; beverages, spirits, vinegar and tobacco
- Vegetable products
- Products of the chemical and allied industries
- Base metals and articles of base metals
- Plastic, rubber and articles
- Raw hides and skins, leather, fur skins, saddlery
- Live animals, animal products
- Boilers, machinery, chemical appliances, parts
Overall, Nigeria’s total export in the first quarter of 2019 is valued at N4.5 trillion. This is a 4 per cent decline in the total exports value compared to the N4.72 billion recorded during the corresponding quarter of 2018.