Nigeria Records N817.35 Billion In Agricultural Trade -NBS.

A total of N817.35 billion worth of trade in agricultural goods has been recorded by the Federal Government in the second quarter of 2021.

This was recently disclosed by the National Bureau of Statistics (NBS) in a document entitled “Foreign Trade Statistics – Q2 2021”

According to the report, N165.27 billion was realised from the export of agricultural goods while imports stood at N652.08 billion.

Read:  Telecoms industry gets N358b direct foreign investments

The NBS data showed that the most exported agricultural product was the fermented Nigerian Cocoa beans which were mainly exported to the Netherlands valued at N16.48 billion, Malaysia (N9.32 billion) and the United States (N8.41 billion).

Cashew nuts were the second leading agricultural export to countries like Vietnam (N33.54 billion) and India (N3.24 billion).

Other major exports include sesame seeds supplied to Japan with a value of N7.28 billion and China at N7.14 billion while coconuts stood at N9.94 billion.

Read:  CleanAce Boss Tasks Government on SMEs Support, Enabling Environment

The NBS noted the importation of Durum wheat (not in seed) from countries which include the United States valued at N70.37 billion, Canada (N54.48 billion), Argentina (N35.04 billion), Lithuania (N32.24 billion) and Latvia (N25.91 billion).

The next product imported under this category was the Blue whiting from Russia (N27.23 billion) and the Netherlands (N13.41 billion).

“During the quarter, mackerel worth N9.61billion was imported from Netherlands and N4.91billion from Japan. There was also the importation of malt, not roasted from Belgium (N21.42 billion) and France (N4.48 billion),” NBS stated.

Read:  Nigerian fintech startup KiaKia launches P2P lending investment app.

“Other major importation was Crude palm oil from Singapore valued at N15.09 billion and India at N11.68 billion,” it added.

source AgroNigeria

Related posts

How To Unleash Your Team’s Full Potential For Peak Performance


Lagos empowers, trains 800 rice farmers


Ecobank Promotes Entrepreneurship; Extends Agric Loan to 70,000 Farmers.


UNILAG makes Forbes’ entrepreneurs’ list.


Tony Elumelu Foundation Partners EU To Empower Women From 54 Countries


Microtraction invests in Nigerian Edtech Startup Gradely


Leave a Comment