NBS Declared India As The Largest Export Market For Nigeria In The First Quarter (Q1) Of 2019

The National Bureau of Statistics (NBS), said India was the largest export market for Nigeria in the first quarter (Q1) of 2019 with a net worth of N744.9 billion.

 
According to the report, Nigeria's export trade to India accounted for 16.43 per cent of total exports, equivalent to N744.9 billion.
 
It said that the crude oil was the largest export commodity to India valued at N684 billion followed by liquefied natural gas at 47.1 billion naira.
 
Others it stated included Sesame seed (beniseed) valued at six billion naira, and Urea at N2.5 billion naira, among others.
 
China, Spain, France and the Netherlands were also considered to be the other major trading partner countries of Nigeria in the first quarter of 2019.
 
The bureau also said that the country's major export to these countries included crude petroleum and natural gas.
 
The major imports from these countries are motorcycles, motor spirit (ordinary) and machine for reception, conversion and distribution of voice and images.
 
The report said that trade in goods statistics collection by NBS was largely from secondary data source including the Nigerian Customs Service through the Nigeria Integrated Customs Information System.

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