In June 2023, Nigeria exported goods worth ₦3.026 trillion and imported goods worth ₦1.285 trillion, resulting in a trade surplus of ₦1.74 trillion. This came after a trade deficit of ₦653 billion in May 2023. Here is Nigeria's trade balance since July 2022.
African countries grew their presence in the global chocolate industry in 2022, with Nigeria's export value increasing by 652%. Here are Africa's top chocolate exporting countries in the past year.
Between 2013 and 2022, Nigeria exported crude oil worth ₦123 trillion, with yearly figures ranging from ₦6.8 trillion to ₦21.1 trillion, and the highest (₦21.1 trillion) recorded in 2022. This chart shows the annual values.
With a trade surplus of ₦1.88 trillion in Q3 2023, Nigeria marked a 55% increase in foreign trade — the most significant leap in 38 quarters. This chart, spanning from Q1 2014 to Q3 2023, illustrates this progress.
In the past 13 years, Africa's port activity has grown steadily from handling 22.8 million containers in 2010 to 35.8 million in 2022.
Asia's bustling ports outpaced the world, handling nearly 6 billion containers since 2010, and 561 million in 2022.
