Nigeria records N6.57bn foreign trade in Q2 NBS
News & Trends •
by lucy nwachukwu4 this it explained was a 8.36 per cent increase from the figure in the first quarter n2.17 billion and against n471.48 billion in the first quarter of 20172 the bureau disclosed this in its foreign trade in goods statistics q2 2018 report released on thursday in abuja2 it said the figure was 8.9 per cent less than 7.21 billion recorded in the first quarter and represents a 14.56per cent growth from the n5.73billion recorded in the second quarter of 20172 according to the bureau the contraction of total trade in the quarter under review is mainly driven by the decline in both imports and exports2 the national bureau of statistics nbs said the country recorded foreign trade valued at n6.57billion in the second quarter2 this represents a -4.9 per cent contraction over the first quarter 4.70billion and a 43.8 per cent growth compared to second quarter of 20172 likewise the total import component in the second quarter 2.11billion also recorded a decline of -16.3 per cent2 this is lower than the first quarter 2.52billion and -19.9 per cent lower than the first quarter of 2017 the report said2 it said the trade balance in the second quarter was a surplus of n2.36 billion2 the total value of exports in the quarter under review is n4.46 billion2

Nigeria records N6.57bn foreign trade in Q2 NBS
News & Trends •
by lucy nwachukwu4 this it explained was a 8.36 per cent increase from the figure in the first quarter n2.17 billion and against n471.48 billion in the first quarter of 20172 the bureau disclosed this in its foreign trade in goods statistics q2 2018 report released on thursday in abuja2 it said the figure was 8.9 per cent less than 7.21 billion recorded in the first quarter and represents a 14.56per cent growth from the n5.73billion recorded in the second quarter of 20172 according to the bureau the contraction of total trade in the quarter under review is mainly driven by the decline in both imports and exports2 the national bureau of statistics nbs said the country recorded foreign trade valued at n6.57billion in the second quarter2 this represents a -4.9 per cent contraction over the first quarter 4.70billion and a 43.8 per cent growth compared to second quarter of 20172 likewise the total import component in the second quarter 2.11billion also recorded a decline of -16.3 per cent2 this is lower than the first quarter 2.52billion and -19.9 per cent lower than the first quarter of 2017 the report said2 it said the trade balance in the second quarter was a surplus of n2.36 billion2 the total value of exports in the quarter under review is n4.46 billion2