The amount spent on the importation of those materials notwithstanding,
the country recorded a favourable balance of trade, with export volume
exceeding import volume, as the total value of external merchandise
trade amounted to N5,341.1 billion in the second quarter 2013, an
increase of N242.3 billion or 4.8 per cent from N5,098.9 billion
recorded in the previous quarter.
A document on Q2 trade statistics released by the National Bureau of Statistics (NBS) in Abuja, at the weekend, showed that the change resulted from an increase in the value of exports from N3,452.1 billion in the first quarter of 2013 to N3,742.9 billion in the second quarter (an increase of 90.8 billion or 8.4 per cent)
A document on Q2 trade statistics released by the National Bureau of Statistics (NBS) in Abuja, at the weekend, showed that the change resulted from an increase in the value of exports from N3,452.1 billion in the first quarter of 2013 to N3,742.9 billion in the second quarter (an increase of 90.8 billion or 8.4 per cent)
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