Review of External Trade Nigeria 1976
Date
1977
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Lagos: Federal Office of Statistics
Abstract
• Total External Merchandise Trade • The Structure of Exports • The Developments In The Export Trade Of The Major Primary Commodities • The Structure Of Imports • The Developments In The Import Trade Of The Various Commodities • Imports By End-Use • Direction Of Trade • Balance Of Merchandise Trade • Trade With The O.A.U. Countries • Petroleum Accounts • Balance Of Payments
Description
The Review of External Trade Nigeria 1976, published by the Federal Office of Statistics in Lagos, presents the fourteenth annual comprehensive statistical review of Nigeria's international trade performance, focusing primarily on the period from 1972 to 1976 with long-term historical comparisons. The report indicates a significant increase in total merchandise trade value, rising from 18,647 million in 1975 to 11,890.7 million in 1976, driven by robust expansions across imports, domestic exports, and re-exports, yielding a visible trade surplus of 1,609.1 million. Analyzing export structures, the document highlights the continued dominance of mineral fuels, lubricants, and related materials, which accounted for 94.4% of total export value in 1976, alongside major primary commodities such as crude petroleum oil, cocoa beans, palm kernels, and coffee. Conversely, import analyses reveal that machinery and transport equipment dominated import trade at 47.5% of the total, followed by manufactured goods classified chiefly by materials. Furthermore, the publication examines directional trade flows, identifying key trading partners such as the United States, the United Kingdom, Western Germany, and the Netherlands, while detailing growing economic ties and trade balances with Organization of African Unity (OAU) member states. Supported by extensive statistical tables and appendices covering petroleum accounts, net balances of payments, and detailed end-use import classifications, this official government document serves as an indispensable reference for economic analysts, researchers, and policy-makers tracking Nigeria's macroeconomic evolution during the mid-1970s.