Nigeria’s Exports Into the UK Worths 3.3 Billion Pounds

Nigeria’s exports into the United Kingdom (UK) from June 2022 to June 2023 were worth 3.3 billion pounds.

The British Deputy High Commissioner, Jonny Baxter, said that the figure was 1.4 billion pounds higher than what was achieved in the corresponding year before.

According to him, the overall trade figures, which include imports and exports, are 7.6 billion pounds.

Out of that, 4.3 billion are made up of UK products that are imported into Nigeria, while the rest of the 3.3 billion are Nigerian exports into the UK.

He said that the figure was 1.4 billion pounds higher than what was achieved in the corresponding year before.

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“The overall trade figures, which include imports and exports, are 7.6 billion pounds, and of that, 4.3 billion are made up of UK products that are imported into Nigeria, and that figure has gone up by 1 billion pounds if you compare it with the figure of the year before.

“The rest of the 3.3 billion are Nigerian exports into the UK, and this has gone up by 1.4 billion, so the increase in Nigerian exports into the UK has been much more rapid, and this is great news.

“It shows that Nigeria is producing goods and services that people in the UK want to buy, and they are being bought and purchased from Nigeria,” he said.