Motorcycle Importation Falls to N212.64 billion in 2022

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Reports say importation of motorcycles in Nigeria has fallen to N212.64 billion in 2022 representing a 42 per cent decrease from N367.39 billion spent in 2021.

According to the National Bureau of Statistics‘ Foreign Trade in Goods report, importation bill on motorcycles fell quarter-on-quarter by 22 per cent to N46.43 billion in the fourth quarter of 2022 from N59.63 billion in Q3’22.

The downward trend was reversed in Q3 ’22 as import bills on motorcycles rose by 86 per cent to N59.63 billion and down by 22 per cent to N46.43 billion in Q4’22.

Written by: Helen Obih

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