The Nigerian Export Promotion Council (NEPC) has revealed that Nigeria exported more than 4.146 million metric tonnes of non-oil products, worth $2.593 billion from January to June 2022.
A breakdown of the top 15 exported products in the first half year of 2022 shows that 32.49 per cent of the total exports were urea/fertilizer, while cocoa beans, sesame seed and aluminium ingots contributed 12.65 per cent, 7 per cent and 5.07 per cent respectively.
A total of 572 companies participated in exporting the products in the period under review.
Executive Director of NEPC, Dr Ezra Yakusak gave the figures while presenting the first half year 2022 progress report in Abuja.
Yakusak said that the figure represents a 62.37 per cent increase when compared to the $1.59 billion that was achieved in the first half year in 2021 and 2020 which stood at $981.442 million, respectively.
He also revealed that there was no incidence of export rejections during the period under review, noting that different Nigerian products were exported to 112 countries in the Americas, Asia, Europe, Oceania regions and African continents.
“The analysis from returns of these pre-shipment inspection agents indicates that the January-June 2022, export performance was the highest half year non-oil export performance since 2018.’’
Yakusak said Nigeria is gradually shifting to exports of semi-processed/manufactured goods as against what was applicable in the past, where the trend of products exported from Nigeria is usually traditional agricultural.
“This can be gleaned from the following product classification as contained in the PIAs report; manufactured products: “36.28 per cent, raw agriculture product 33.35 per cent, precious stones 13.22 per cent and others 17.15 per cent.”
