Nigeria is number one importer in Africa – WTO

The World Trade Organization released data on Friday that shows Nigeria as the number one importer of commercial services in Africa in 2020

The trade organization ranked Nigeria as the  25th commercial importer in the world but the first commercial importer in Africa followed by Egypt which was ranked 28th in the world.

While Egypt and Morocco made the list of world exporters led by the United States, Nigeria was conspicuously absent in the global commercial exporters’ list.

The US also ranked first in the commercial importers’ list followed by China, United Kingdom, and Japan; while US, UK, China, and India topped the exporters’ list.

The organization noted that Data for 2020 are not yet available for the United Arab Emirates. In 2019, commercial services exports were valued at US$72 billion and imports at US$73 billion.