Nigeria’s air transport sector facilitates N55.32 billion in exports in Q1 2024 – NBS 

In the first quarter of 2024, Nigeria’s air transport sector facilitated the export of commodities valued at N55.32 billion.  

This data comes from the recently released National Bureau of Statistics (NBS) Foreign Trade in Goods Statistics (Q1 2024) report. 

According to the report, the air transport sector facilitated N55.32 billion in exports, representing 0.29% of the total export value of N19.167 trillion in Q1 2024.  

Maritime transport dominated with 99.25% of the total exports, valued at N19.023 trillion, while road transport accounted for N30.20 billion (0.16%) and other transport modes recorded N58.65 billion (0.31%). 

“Analysis by mode of transport reveals that most commodities exported out of Nigeria were by sea in the first quarter of 2024. Maritime transport accounted for N19,023.19 billion or 99.25% of total exports.  

“Air transport accounted for N55.32 billion or 0.29% whereas road transport accounted for N30.20 billion or 0.16%, while other transport recorded N58.65 billion or 0.31%,” the report read in part.  

On the import side, the NBS report indicated that air transport accounted for goods valued at N707.56 billion, representing 5.60% of the total import value of N12.643 trillion in the first quarter of 2024.  

The maritime sector dominated imports, with N11.905 trillion or 94.17% of the total import value for Q1 2024, while road transport accounted for N30.11 billion or 0.24%. 

Source: Nairametrics

 

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