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Nigeria Exported Agriculture Products Worth N78.1bn in Q2

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In the second quarter (Q2) of 2020, Nigeria exported agriculture products worth N78.1billion, according to data from the National bureau of Statistics (NBS).

Total trade in Agricultural goods for the period stood at N493.7 billion, meaning the country ran an Agric trade deficit of N415.6 billion with the rest of the world.

Analysis by economic region showed that most Agricultural goods were exported to Asia, Europe and America valued at N43.6billion, N26.4billion and N6.6billion.

The key driver of agricultural products exports were Superior quality raw cocoa beans, Sesamum seeds, Cashew nuts, good fermented cocoa beans, other frozen shrimp and prawns, natural cocoa butter and Ginger.

Agric

The main consumers of superior quality cocoa were The Netherlands (N9.3billion), Indonesia(N3.7billion) and United States(N2.4billion).

Other Agricultural exports were Sesamum seeds exported to Japan (N6.0 billion) and to China, worth N2.3billion.

Also, Cashew nuts were exported to Vietnam, worth N12billion.

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