Nigeria Registers 47.05% Y-o-Y Increase in Foreign Trade Surplus in FY 2018

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March 8, 2019/Cowry Asset

In the external sector, newly released foreign trade statistics report showed that merchandise goods worth N32.26 trillion were traded in FY 2018, 39.31% higher than N23.16 trillion recorded in FY 2017.

Of the total goods traded, the value of exports increased y-o-y by 40.46% to N19.10 trillion in FY 2018 while the value of imports also rose y-o-y by 37.67% to N13.17 trillion in FY 2017, resulting in a 47.05% y-o-y increase in trade surplus to N5.93 trillion in FY 2018. Kindly Click here for details.

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