NBS reveals top five export destinations for Nigerian products in Q4’23

Netherland, India, Spain, Canada and France have emerged as the top five export destinations for Nigerian products in the fourth quarter of 2024, recently released data from the National Bureau of Statistics (NBS) has shown.

The bureau disclosed this in its recently released Trade Balance Report for Q4’23 obtained by Ripples Nigeria.

Further analysis on fourth-quarter trade by partners shows that the top five export destinations in Q4, 2023 were the Netherlands with N1,910.47 billion or 15.05%, India with N1,101.47 billion or 8.68%, Spain with N1,030.09 billion or 8.11%, Canada with N907.64 billion or 7.15%, France with N799.77 billion or 6.30% of total exports. Altogether, exports to the top five countries amounted to 45.29% of the total value of exports.