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Trade Service
Nigeria's agricultural trade totaled 563.9 billion naira ($1,488 million) in the third quarter of 2020, with a trade deficit of 476.4 billion naira, the newspaper reported on January 5.
exports of 60.5 billion naira, mainly to Asia (32.2 billion naira), Europe (16.7 billion naira), Africa (9.1 billion naira) and the Americas (2.4 billion naira).
main export agricultural products are sesame seeds, cashews, high-quality cocoa beans.
main exporters of sesame seeds are Japan (5.3 billion naira) and China (4.7 billion naira), while cashew nuts are mainly exported to Vietnam (8.3 billion naira) and India (2.2 billion naira).
imports, Nigeria's main agricultural imports in the third quarter were wheat, mainly from the United States (55.5 billion naira), Russia (46.6 billion naira) and Canada (46.5 billion naira).
followed by mackerel, mainly from Russia (13.8 billion naira), the Netherlands (5.8 billion naira) and Japan (2.6 billion naira).
addition, 25.9 billion naira worth of maize were imported from Argentina.
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