Nigeria Is Africa’s Top Importer -WTO

The World Trade Organisation (WTO) says Nigeria topped African countries in importation of commercial services in 2020.
The world body made the revelation in a data released at the weekend.
WHO ranked Nigeria as the 25th commercial importer in the world and 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.
WTO noted that preliminary estimates were based on quarterly statistics.
“Figures for the number of countries and territories have been estimated by the Secretariat.
“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,” it said.