Home Industry China And Nigeria Trade Volume Hits $10bn

China And Nigeria Trade Volume Hits $10bn


The total trade volume between Nigeria and china for the first quarter of this year has hit $10bn; wherein china is surplus and Nigeria deficit, says Chinese Foreign Trade Centre.

The Centre’s Deputy Director General and China’s Import and Export Fair Secretary General, Xu Bing, Thursday, disclosed this at the concluding ceremony of the 121st session of the Canton Fair in Guangzhou, China.


No fewer than 1, 531 Nigerian businessmen visited the fair, being the second largest visitors next to Egypt.

The event attracted 200,000 buyers from 210 countries of the world.


There were 24,000 exhibitors at the Fair.

According to him, there are great cooperation potentials between Nigerians and the Canton Fair, which exhibition it hopes to bring to the Nigeria soon.


The Fair, which holds biannually on April 15 and October 15, is the second-largest import and export market in the world, contributing $2.1tn to its national GDP.


It is organized by the China’s Central Bank as a comprehensive form of export of small and medium size Chinese merchandise and products.


Bing said: “This is our own way of contributing and promoting an open world policy to the world and drive its implementations.


“That is why over the years, the fair has never been halted since inception, including during the SARS, disease outbreak in 2003.”

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