Cruise Ship Lead List of Interesting Items Exported Out of Nigeria to Europe, Other African Countries

• A new report has revealed the list of countries Nigerian exported some interesting items
• The items include helicopters, aircraft, cruise ship, vessels, and dredges among several others
• A total of 57 of these items were exported to several countries in Europe and Africa

Nigeria has long been described as a largely import-dependent country, however, in recent years, the government has been trying to change the narrative.

For instance, in the foreign trade report for the last quarter (September to December) of 2022 released by the National Bureau of Statistics, Nigeria's total trade was recorded as N11.72 trillion.

Of this amount, N6.35 billion was attributed to exports, while N5.36 billion was related to imports.

The report further indicated an interesting trend that N199.59 billion, accounting for 3.14% of total exports, consisted of items that were first imported into Nigeria before being re-exported.

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The re-exported items include Vessels and other floating structures for breaking up, Cruise ships, Aeroplanes, and other aircraft, among several others.

They were exported to European countries and several other African countries.

Destination and Items exported

In the quarter under review, the top five re-export destinations were Cote d’Ivoire, Ghana, United Kingdom, China, and the Netherlands.

While the most re-exported commodity were ‘Vessels and other floating structures for breaking up’ with N8.04 trillion, this was followed by ‘Floating or submersible drilling or production platforms’ valued at M4.96 trillion and ‘Aeroplanes and other aircraft, of an un-laden weight exceeding 15,000 kg’ amounting to N3.43trn.

Top five interesting items exported and to which country

• Cruise ships worth N15.9bn were exported to Cameroun
• Helicopters worth N4.27bn were exported to the United Kingdom and Ghana
• Beauty or makeup items worth N6.33 million were exported to Guniea
• Electrical plugs and sockets worth N112,458 was exported to France
• Aircraft engine worth N107.93 million was exported to Belgium
• Dredgers worth N7.87 billion were exported to China

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FG sells N21trn worth of crude oil

In another report, Legit.ng revealed the list of countries buying Nigeria's crude oil as over N21 trillion was sold in 2022.

Crude oil is Nigeria's main export and a vital source of revenue for the federal government of Nigeria.

The Netherlands was the country's biggest customer in the last quarter, and the US also made the top 10 list.

Source: Legit.ng