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China tops Nigeria’s import in Q2 2022, as India leads export

Data from the National Bureau of Statistics, NBS, has shown that China topped Nigeria’s major import trade in second-quarter Q2, 2021 on the import trade list.

The data further showed that China recorded 29.9 percent or N2.08 trillion of the total import which stood at N6.95 trillion in the same quarter.

On the other hand, India leads on the list of Nigeria’s major export trading partners with 18.7 percent or N949.05 billion of the total export which stood at N5.08 trillion in the same quarter under review. A breakdown from NBS explained that the first five countries among the major export trading partners included India which recorded 18.7 percent; Spain 10.3percent; Canada 7.0 percent; Netherlands 5.9percent and United States 5.1percent.

The data stated: “The import intensity of Nigeria with the top importing partners (China, India, Netherlands, and Russia) were higher in all the months. China recorded (1.75, 1.12, and 1.23) in April, May, and June. A higher index was also recorded for India (5.17, 3.34, and 2.76 for April, May, and June 2021) and Netherlands (1.60 and 1.36) in May and June but 0.86 in April. Other major trading partners were Russia which recorded (1.68, 1.22, and 1.20 for April, May, and June) while the United States recorded lower import intensities of 0.51, 0.46, and 0.52 during the months of Q2, 2021.

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