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Research Document: NESG 2021 Q1 Foreign Trade Alert


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Posted Thu, Jun 10, 2021 9:37 AM

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External trade in goods gained momentum in 2021Q1 as the impact of COVID-19 fades on the global economy

In the recently published Foreign Trade in Goods Statistics Report by the National Bureau of Statistics (NBS), it was revealed that the value of Nigeria’s total external trade in goods was N9.8 trillion in the first quarter of 2021. This represents a growth of 14.1% when compared with the corresponding period in 2020 (N8.5 trillion) and 7.0% when compared with the previous quarter (N9.1 trillion). The expansion of Nigeria’s total external trade in 2021 was occasioned by the full resumption of economic activities across countries and sectors of the economy following the on-going massive vaccination across countries of the world.

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All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).