Netherlands topples India as Nigeria’s second largest trade partner in 2023

The Netherlands has overtaken India to become Nigeria’s second-largest trade partner in 2023. This is according to the foreign trade statistics reports of the National Bureau of Statistics (NBS), which revealed the shifting dynamics within Nigeria’s foreign economic engagements.

Nigeria recorded a total foreign trade of $47.2 billion in 2023 out of which 14 of its major trading partners made up $29.8 billion of the total trade.

Read more at Nairametrics

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