value of manufactured goods trade deficit has grown to N27.33tn in two years, according to data from the National Bureau of Statistics.
Cumulative imports for both years under review totalled N29.44tn, making up 93.30 per cent of foreign manufactured trade. Exports for both years totalled N2.11tn, making up 6.69 per cent of the same trade. In 2021, total value of imports of used vehicles was N418.34bn, motorcycles was N367.39bn, while import of machines for the reception, conversion and transmission or regeneration of voice and images was put N366.83bn.
It imported machines for the reception, conversion and transmission or regeneration of voice, images from China, Hong-Kong, and Sweden.
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