Crude oil sales rise by 46% to N21tn – NBS
NBS yarn say Nigeria crude oil sales rise by 46.41 per cent to push Nigeria total export to N26.79tn for di year 2022.
Dis na as total trade rise by 31.79 per cent from N39.75tn in 2021 to N52.39tn in 2022. In 2022, crude oil sales reach total of N21.09tn, a 46.41 per cent increase from N14.41tn in 2021. In 2022, crude oil account for 78.74 per cent of total export.
According to data from di National Bureau of Statistics, total exports for 2022 rise by 41.72 per cent from N18.91tn in 2021 to N26.79tn as of 2022. Imports rise by 22.77 per cent from N20.84tn in 2021 to N25.59tn in 2022.
In addition, for di year 2022, Nigeria spend N2.63tn to import food and live animal. Also, N10.12tn to import petroleum and other mineral fuel; N1.93tn for manufactured goods; and N5.93tn machinery and transport equipment.
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Also, NBS comment on di growth of foreign trade dem yarn say for di fourth quarter of 2022, Nigeria total trade stand for N11.72tn and total exports stand for N6.36tn and total imports amount to N5.36tn, dia na even as Crude oil sales rise.
“On an annual basis, total trade na N52.39tn, total imports amount to N25.59tn, and total exports dey recorded at N26.79tn.”
As dem explain di breakdown for Q4, 2022, di national statistics body yarn say di top five export destinations for di fourth quarter of 2022 na Spain, Netherlands, India, France, and Indonesia wey account for 9.70 per cent, 9.03 per cent, 7.71 per cent, 7.70 per cent and 7.44 per cent respectively of total exports.
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