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The total value of agricultural imports exceeded export by N503bn in the first three months of the year.

todayJune 16, 2021 1

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The total value of agricultural imports exceeded export by N503bn in the first three months of the year.

Statistics obtained from the National Bureau of Statistics showed that the total trade in agriculture was N757.4bn in the first quarter of the year.

The report put the export component at N127.2bn and the imports at N630.2bn in the period under review.

The value of total trade in agricultural goods in Q4, 2020 stood at N588.2bn; while the export component was valued at N55.8bn and the import component at N532.4bn, the NBS report disclosed.

Written by: EaglesFM

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