Nigeria’s External Trade in the First Quarter of 1966

Authors

Research Department, Central Bank of Nigeria, Abuja

Publisher

Central Bank of Nigeria

Keywords

External Trade-Nigeria, Commodities Trade, Direction of Trade, Exports, Imports

Abstract

This article is a report on Nigeria’s external trade in the first quarter of 1966 and notes that Nigeria's external trade recorded a marked improvement in the first quarter of 1966 over the positions attained in the comparable periods of the past six years. The article further notes that this improvement was maintained in each of the three months of the quarter. There was thus a trade surplus of £4.8 million during the quarter in contrast to deficits of £6.0 million and £8.9 million in the first quarters of 1964 and 1965, respectively as indicated in Table 1. Tables 2- 5 provides January-March 1966 data for various trade indications: Nigeria’s imports by S.I.T.C. sections; imports by major groups; Nigeria’s exports of major commodities by economic sectors; and direction of external trade.

Author Bio

The authors are staff of Research Department, Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review (EFR)

Issue

1

Volume

4

Recommended Citation

Research Department. (1966). Nigeria’s external trade in the first quarter of 1966. Economic and Financial Review. 4(1), 8-12.