Home About the NESG Media Room Events Blog
Research Membership Volunteer Platforms Resources (Nigerian Policies and Summit Reports)

Follow Us:

TW  FB  IN  IG  YT

Research Document: The NESG Report on Foreign Trade Alerts for September 2019


Alerts and Uploads

Posted Tue, Sep 17, 2019 7:04 AM

Download Report (1046 downloads)

External Trade in Goods Rises to N8.6 trillion, but Trade Balance Narrows

Nigeria’s external trade value inched up to N8.6 trillion in the second quarter of 2019 (2019Q2), 24.2% higher than the same period in 2018. Equally, this marks a marginal increase of 4.4% over the previous quarter (2019Q1). The ratio of export to import remained favourable at 53:47 with a positive trade balance of N588.9 billion, albeit a 63.1% decline relative to 2018Q2. Consequently, in the first half of 2019, total value of foreign trade increased by 15.4% to N16.8 trillion, compared to the same period in 2018.

Find a report

Quick Links

Say Hello

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

On Location

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

The Nigerian Economic Summit Group is a non-profit, non-partisan private-sector led think tank with a mandate to promote and champion the reform of the Nigerian economy into a modern globally competitive, sustainable, inclusive, open economy.

Quick Links

Email Us

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

Find Us

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

© 2025 Nigeria Economic Summit Group.
All rights reserved.
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).

2025 © The Nigerian Economic Summit Group.

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).