MARKET NEWS
Nigeria exports $1.901bn worth of non-oil exports in 11 months - DAILY TRUST
By Eugene Agha, Lagos
Nigeria has exported $1.901 billion (about N3.125 trillion) worth of non oil exports between January and November 2024.
This is according to official data obtained from the Nigeria Customs Service (NSC).
The data showed that agricultural products topped the list of exports in the period under review, standing at 50.88 per cent. The Free On Board (FOB) value of the agricultural products stands at $967.1 million, about N1.6 trillion.
Solid minerals exported within the same period stood at 16.7 per cent with an FOB value of $318.2 million (about N523.121bn).
Similarly, 15.37 per cent of manufactured products valued at about $292.140 million (N480.3 bn), were also exported in the same period.
Other exported items stood at 17.02 per cent with a Free On Board value of $323.8 million (N532.320 bn).
Foreign trade reports from the National Bureau of Statistics (NBS) indicate that Nigeria exported agricultural goods worth N1.23 trillion in 2023.
This figure represents an increase of 53% from the N583. 3 billion recorded in 2022. This figure covers the entire year.
