Nigeria recorded total exports of N3,102 billion in the second quarter, a marginal increase over the first quarter, said the National Bureau of Statistics, NBS, said in its “Foreign Trade in Goods Statistics for Second Quarter 2017,’’ released yesterday.

The bureau stated that the value recorded in the quarter under review represented an increase of 3.2 per cent over the value recorded in the preceding quarter.
According to the Bureau, the value recorded in the quarter also represented an increase by 73.48 per cent over the value recorded in first quarter of 2016.
Agricultural goods export value in the second quarter was -1.03 per cent lower than the first quarter, said the report, which also noted that the value was 94.05 per cent higher than what was recorded in second quarter of 2016.
According to the report, the value of raw material exports increased by 31.8 per cent in second quarter against first quarter but 206.4 per cent higher than second quarter of 2016.
On solid minerals exports, the bureau stated the value of the exports in the sector in quarter under review decreased by -27.58 per cent compared to first quarters but was 122.01 per cent higher than second quarter 2016.
The report also had it that crude oil exports in second quarter were two per cent more than the value recorded in first quarter but 63.25 per cent higher than second quarter, 2016.
It stated that other oil products exports in the quarter were 12.5 per cent more in value than in first quarter but 117.33 per cent higher than second quarter, 2016.