The Federal Government conducted trade in agricultural goods worth N817.35 billion in the second quarter of 2021, Checkout Magazine learnt.
According to data by the National Bureau of Statistics (NBS) said there was N165.27 billion from the export of agricultural goods while the import component of the trade N652.08 billion.
The data was contained in a document was entitled: Foreign Trade Statistics — Q2 2021.
On its agricultural goods sector, the NBS said: “The total value of trade in agricultural goods in Q2 2021 stood at N817.35billion.
“The export component of this trade totalled N165.27billion while the import was valued at N652.08billion.”
The data further noted that the topmost of these exported agricultural products were good fermented Nigerian Cocoa beans exported mainly to Netherlands (N16.48 billion), Malaysia (N9.32billion) and United States (N8.41billion).
It revealed that the next leading product was cashew nuts, in shell exported to Vietnam (N33.54billion) and India (N3.24billion).
According to the NBS, the other major exports under this sector include Sesamum seeds whether or not broken exported to Japan in the value worth N7.28billion, China N7.14billion and Coconuts N9.94billion.
The document, however, said there was importation of Durum wheat (not in seed) worth N70.37 billion from U.S,.Durum wheat also came from Canada (N54.48billion), Argentina (N35.04billion), Lithuania N32.24billion and Latvia N25.91billion.
It said: “The next product imported under this category was Blue whitings from Russia (N27.23 billion) and Netherlands (N13.41billion). During the quarter, mackerel worth N9.61billion was imported from Netherlands and N4.91billion from Japan. There was also importation of Malt, not roasted from Belgium (N21.42 billion) and France (N4.48billion).
“Other major importation was Crude palm oil from Singapore in the value worth N15.09billion and India N11.68billion).”