Seemberg News

Latest Nigeria Business News

Nigeria imports $11bn plastics, pharmaceuticals, sugar

Share:

 

drugsPlastics, pharmaceuticals and sugar worth $10.98bn were imported into Nigeria between 2020 and 2021, according to data from the International Trade Centre.

Within the time under review, the nation spent $1.82bn on sugar products, $4.21bn on pharmaceutical products, and $4.95bn on plastic products.

Countries from which these products came from included: China, Korea Republic, Saudi Arabia, India, United States of America, India, Netherlands, Denmark, United Arab Emirates, Brazil, and Switzerland, among others.

According to the ITC, sugars and sugar confectionery products that were imported included cane or beet sugar and chemically pure sucrose; chemically pure lactose, maltose, glucose and fructose; sugar syrups; artificial honey; caramel; molasses; sugar confectionery not containing cocoa, including white chocolate.

Pharmaceutical products included: dried glands and other organs for organo-therapeutic uses; extracts of glands or other organs or their secretions, for organo-therapeutic uses; heparin and its salts; other human or animal substances prepared for therapeutic or prophylactic uses; human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and immunological products; vaccines, toxins, cultures of micro-organisms (excluding yeasts), among others.

Plastics products imported included: polymers of ethylene in primary forms; silicones in primary forms; petroleum resins; cellulose and its chemical derivatives; waste, parings, and scrap, of plastics; tubes, pipes, and hoses, and fittings, among others.

It also included baths, shower-baths, sinks, washbasins, bidets, lavatory pans, seats, and covers; flushing cisterns and similar sanitary ware, of plastics; articles for the conveyance or packaging of goods, of plastics; stoppers, lids, caps, and other closures, of plastics; tableware, kitchenware, other household articles, and toilet articles, of plastics (excluding baths, shower-baths, washbasins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware), among others.

Previous Article

Nigeria recovers N86.2bn stolen oil in one month

Next Article

Zenith Bank’s H1 gross earnings rise to N405bn

You may also like

Leave a Reply

Your email address will not be published.