Nigeria’s Total Import in Q3’17 4.68% Lower than Q3’16-NBS

December 11, 2017/NBS

Total Imports value of N2,348.6 billion in Q3 2017 was 10.51% lower than Q2 2017 and 4.68% lower than Q3 2016

 Value of Imported Agricultural goods were 0.05% higher than the value recorded in Q2,2017 and
16.91% higher than Q3 2016
– Value of Raw material imports were 4.77% lower than Q2,2017 and 2.80% lower than the value in
Q3 2016.
– Solid Minerals imports in Q3 2017 decreased by 1,220.48% compared to Q2 2017 but was 8.69%
higher than Q3 2016
– Energy goods imports in Q3 2017 were 92.17% lower than Q2 2017 and compared to Q3 2016 when
no energy goods imports were recorded.
– Manufactured goods imports value was 4.08% higher in Q3 2017 than the level in Q2 2017 and
2.79% lower than Q3 2016
– Other oil products imports value was 17.54% lower than in Q2 2017 and 28.81% higher than Q3 
 
Total export value stood at N3,573.0 billion in Q3, 2017 representing an increase of 13.19% over Q2 2017 and 35% over Q3 2016.
– Agricultural goods export value in Q3 2017 was 38.43% lower than Q2 2017 but 25.29% higher than Q3 2016.
– Raw material exports value increased by 16.88% in Q3 2017 against the level in Q2 2017 but 70.42% higher than Q3 2016.
– Solid Minerals exports value in Q3 2017, increased by 85.3% compared to Q2 2017 and was 78.72% higher than Q3 2016
– Energy goods exports value in Q3 2017 was 80.58% higher than Q2 2017 but 99.13% higher than the value in Q3 2016
– Manufactured goods exports were 62.68% lower than the value in Q2 2017 but 22.98% higher than Q3 2016
– Crude Oil exports in Q3 2017 were 18.40% more than the value recorded in Q2 2017 but 34.13% higher than Q3 2016
– Other oil products exports in Q3 2017 were 13.53% less in value than in Q2 2017 but 37.22% higher than Q3 2016

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