About 99.1 percent of exported goods were moved through the maritime mode of transportation in the second quarter of 2024, Q2’24, according to the Nigerian Bureau of Statistics, NBS’s, Foreign Trade in Goods Statistics report.
Air transport accounted for N73.72 billion or 0.38% whereas road transport accounted for N30.72 billion or 0.16%, while category classified by NBS as ‘others’ mode of transport recorded N63.28 billion or 0.33%. On the import side, the NBS stated that maritime transport accounted for N11.8 trillion or 94.94% of the value of total imports, while air transport accounted for goods valued at N531.38 billion or 4.66% while road transport accounted for N49.97 billion or 0.40%.Meanwhile, the NBS said that the bulk of export trade transactions by Custom Ports and post in Q1, 2024, were carried through Apapa Port with goods valued at N18.1 billion or 93.4 percent of total exports, followed by Tin Can Island Port with N791.2 billion or 4.07 percent of total export.
In the latest report, Apapa Port led the way with transactions worth N7.6 trillion, representing 61% of total imports. Tin Can Island Port followed closely with goods valued at N1.4 trillion, accounting for 11.43%. Port-Harcourt (Onne) contributed N1.01 trillion, making up 8.10% of total imports.When reviewing Nigeria’s trade with ECOWAS countries in Q2’24, the NBS disclosed that exports to member states reached N1.7 trillion, while imports stood at N166.4 billion.
