The value of manufactured goods imported into the country exceeded exports by N4.37 trillion in the second quarter of 2021.
According to figures obtained from the National Bureau of Statistics, the value of manufactured goods traded in Q2, 2021 stood at N4.51 trillion representing 37.50 per cent of total trade.
“Out of this, the export component accounted for N211.67billion while the import component was valued at N4.3trillion,” the NBS report stated.
The products that drove up manufactured products were vessels and other floating structures for breaking up, which were exported to Cameroon in the value worth N71.9 billion.
It added that vessels and other floating structures for breaking up were also exported to Spain and Equatorial Guinea in values worth N18.34billion and N6.62billion respectively.
The NBS report stated that other products under this group were aluminium alloys and unwrought exported to Japan in the value worth N10.85 billion and China (N3.63 billion).
It added that there were aeroplanes and other aircraft of an unladen weight worth N16.65 billion exported to Ghana and cruise ships and similar vessels for the transport of persons or goods worth N10.59 billion exported to Cameroon during the period under review.