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The National Bureau of Statistics released its latest foreign trade statistics which we reported here. The report contains some interesting data on import and exports in and out of Nigeria. In case you are wondering what makes up Nigeria’s export or import here is the top 15 items on both sides.
Here is a list of the top items that makes up Nigeria’s Import and Export List
| 2015 Exports Second Quarter | ||
| Ranking | Products | Value (₦) |
| 1st | Petro.oils and oils obtained from bituminous minerals, crude | 2,121,410,080,892.00 |
| 2nd | Natural gas, liquefied | 260,699,763,637.00 |
| 3rd | Petroleum gases and other gaseous hydrocarbons, liquefied, nes | 66,441,376,215.00 |
| 4th | Propane, liquefied | 43,879,454,959.10 |
| 5th | Sesame seeds | 21,781,746,959.00 |
| 6th | Partially refined oil including crude oil having undergone primary refinement | 13,577,043,000.00 |
| 7th | Cashew nuts, in shell,fresh or dried | 8,759,822,113.00 |
| 8th | Butanes, liquefied | 6,149,397,796.00 |
| 9th | Leather further prepared after tanning or… of goats or kids | 4,929,737,824.00 |
| 10th | Cigarettes containing tobacco | 4,886,734,105.00 |
| 11th | Urea | 4,030,992,527.00 |
| 12th | Frozen shrimps and prawns | 3,474,216,454.00 |
| 13th | Aluminium alloys, unwrought | 2,982,760,465.00 |
| 14th | Cocoa paste, wholly or partly defatted | 2,967,008,529.00 |
| 15th | Broken cocoa beans | 2,844,108,503.00 |
| 2015 Imports Second Quarter | ||
| Ranking | Products | Value (₦) |
| 1st | Motor Spirit Ordinary | 140,521,551,306.00 |
| 2nd | Spelt, common wheat and meslin | 42,489,526,639.00 |
| 3rd | Machine-tools for working stone, ceramics, concrete, etc | 27,761,095,339.00 |
| 4th | Imported motorcycles and cycles,imported CKD by estab manuf >50cc<=250cc | 26,365,422,203.00 |
| 5th | Semi-milled or wholly milled rice >5kg or bulk (investors with rice milling capability) | 25,377,257,508.00 |
| 6th | Raw cane sugar, in solid form | 25,123,246,631.00 |
| 7th | Durum wheat | 19,336,983,814.00 |
| 8th | Herbicides, ant-sprouting products and plant- growth regulators | 17,016,192,296.00 |
| 9th | Unused postage, revenue or similar stamps of current or new issue in the country | 14,943,187,607.00 |
| 10th | Frozen cod (excl. livers and roes) | 13,134,452,981.00 |
| 11th | Mixtures of odoriferous substances Of a kind used in the food or drink industries | 13,080,112,460.00 |
| 12th | Other crude palm oil | 11,226,284,960.00 |
| 13th | Milk&cream in powder>1.5%fat not contain sweeteningmatter specially made f | 11,042,456,419.00 |
| 14th | Frozen mackerel | 10,864,448,307.00 |
| 15th | Reaction initiators, accelerators and catalytic preparations, nes | 10,701,610,135.00 |
Source; 2015 Q2 Foreign Trade Data
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this is interesting , so i wonder , this is something every entrepreneur should know , i am studying trade in the pre-colonial time , colonial time and post colonial time, they reveal how much youths and individuals interested in owning and establishing businesses in Nigeria need to know how this figures came out existentially.
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