NBS Says Total Import Value up 13.5% in H1’17

13/9/2017/NBS

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Total Imports value of N2,595.5 billion in Q2 2017 was 13.51% higher than Q1 2017 and 9.97% higher than Q2 2016.

– Value of Imported Agricultural goods were 16.01 % higher than the value recorded in Q1,2017 but
61.02% higher than Q 2 2016.
– Value of Raw material imports were 17.4 % more than Q1,2017 but 63.20% higher than the value in
Q2 2016.
– Solid Minerals imports in Q2 2017, increased by 1,527.44% compared to Q1 2017 but was
1,947.52% higher than Q2 2016.
– Energy goods imports in Q2 2017 were 177.77 higher than Q1 2017 and compared to Q2 2016 when
no energy goods imports were recorded.
– Manufactured goods imports value was 9.5% higher in Q2 2017 than the level in Q1 2017 but –
18.33% lower than Q1 2016.
– Other oil products imports value was 6.4% lower than in Q1 2017 and 18.48% higher than Q2 2017.

 Total export value stood at N3,102.0 billion in Q2, 2017 representing an increase of 3.2% over Q1 2017 and 73.48% over Q1 2016.
-Agricultural goods export value in Q2 2017 was -1.03% lower than Q1 2017 but 94.05% higher than
Q2 2016.
– Raw material exports value increased by 31.8% in Q2 2017 against the level in Q1 2017 but 206.4% higher than Q2 2016.
– Solid Minerals exports value in Q2 2017, decreased by -27.58% compared to Q1 2017 but was 122.01% higher than Q2 2016.
– Energy goods exports value in Q2 2017 was 117.84% higher than Q1 2017 but 606.01% higher than the value in Q2 2016.
– Manufactured goods exports were 17% lower than the value in Q1 2017 but 157.16% higher than Q2 2016.
– Crude Oil exports in Q2 2017 were 2% more than the value recorded in Q1 2017 but 63.25%% higher than Q2 2016.
– Other oil products exports in Q2 2017 were 12.5% more in value than in Q1 2017 but 117.33% higher than Q2 2016.

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