A total of 31 .41 per cent of goods imported into Nigeria are from China, according to the National Bureau of Statistics .
The NBS stated in its report on ‘Foreign trade in goods statistics ’ for second quarter of 2020 , that Spain topped the list of Nigeria’ s exported goods.
Part of the report read , “ Nigeria’ s imports, by country of origin , shows goods were imported mainly from China (N1 . 26 tn or 31 . 41 per cent ), United States (N428 . 9 bn or 10 . 66 per cent ), India (N322 . 3 bn or 8 . 01 per cent ), and the Netherlands (N202 . 9 bn or 5 . 04 per cent ) respectively .
“ The value of exports in Q 2 , 2020 stood at N2 .22 tn , a decrease of 45 . 64 per cent compared to Q 1 , 2020 and 51 . 73 per cent compared to Q 2 , 2019 .
“ The year to date export amounted to N6 .3 tn , representing a 31 per cent decline compared to 2019 .
“ Exports by section revealed that mineral products accounted for the largest portion of exports, amounting to N1 .87 tn or 84 . 35 per cent , mainly due to the crude oil component. ”
This section , it noted , was followed by vehicles aircraft and parts (N 221 .2 bn or 9 . 96 per cent ) and others .
Analysis of export by region revealed that Nigeria exported most products to Europe (N976 . 5 bn or 44 per cent ), followed by Asia (N734 . 1 bn or 33 . 08 per cent ), Africa (N401 . 4 bn or 18 . 1 per cent ), America (N105 . 8 bn or 4 . 8 per cent ) and Oceania (N1 .7 bn or 0 .08 per cent ).
