Denmark ambassador to Nigeria, Torben Gettermann, says Nigeria export to Denmark rose by 156.6 per cent within the first three months of 2018 in relation to the same period in 2017.

The outgoing ambassador told the News Agency of Nigeria (NAN) in Abuja that during the period the export from Nigeria to Denmark also rose from 173, 000 dollars to 1.1 million dollars.

Gettermann, who noted with concern that the trade volume was too small, said that he was in Nigeria to enhance the trade relations between his country and Nigeria.


“We have had a trade imbalance; we have imported so much from Nigeria than we have exported.

“At the height of it, it was basically twice as much or thrice as much from Nigeria than what we exported, because we were importing crude oil and this has gone down,” he said.

According to him, there was a significant drop in 2016 and even 2017, but it is going up again slightly in 2017 and it seems to be going up too in 2018.

“In the first three months of 2018, our import of goods from Nigeria worth Danish Krone (DKK) 1.1 million ($173,000).

“This represents a rise of 156.6 per cent in relation to the same time period in 2017 DKK 400,000 ($64,000),” the envoy said.

He explained that Denmark import from Nigeria totaled DKK 367 million ($57.2M) in 2017 which is a rise of 11.8 per cent relative to 2016.

“The commodity group with the highest import value to Denmark in 2017 was petroleum, petroleum products and related materials worth DKK 365.3 million ($57m).

“Our import of services from Nigeria totaled DKK 1.1 billion ($800 million) in 2016,” he said.

The envoy explained further that Nigeria was Denmark’s 74th largest export market (goods) in 2017.

He said that export of goods from Denmark to Nigeria worth DKK 573 million ($89.3M) in 2017, accounting for 0.09 per cent of total Danish goods exports.

He however said that goods exported to Nigeria fell by 4.3 per cent in 2017 in relation to 2016.

The envoy explained that in 2016 goods worth DKK 328 million ($45.2m) was exported to Nigeria while goods worth DKK 367 million ($58.9m) was exported to Nigeria in 2017.

“The commodity group with the highest export value in 2017 was dairy products and birds eggs worth DKK 151.1 million ($23.5m).

“Exports of services to Nigeria totaled DKK 684 million ($106.6m) in 2016.

“In the first three months of 2018, Danish exports of goods to Nigeria was worth DKK 167.6 million ($26.2m).

“This is a rise of 54.7 per cent relative to the same time period in 2017 of DKK 108.3 million ($16.9m),” he said.

Gettermann stressed that the trade volume was a bit low and has a lot to do with Danish companies not having much focus on Nigeria.

“We have to sell Nigeria to Denmark by telling the good stories; we have to tell them that it is possible to do it in Nigeria, to invest in Nigeria,” he said.

http://www.akelicious.net/2018/08/nigeria-export-to-denmark-rises-by-157.html

Hmm

What did Nigeria actually exported to Denmark.

Abi is this guy an APC member?

zombies will be shouting sai baba


.Buhari must go back to daura 2019 by Gods grace...

Sai baba


The lifeless youth from the lost and "erossive" land yeastreal won't be happy.

When you hear 157% you will think we are talking about technology, finished products, and so on.

The boy above, sai barbarism babarise u

Okay oh... Export wey no get effect on common man. Una well-done!!!

pmb is working

Our economic team keeps getting it right.

The economy is experiencing a major healing and rising high above recession now.

Some wailers will still come here and start spitting all over this thread as they claim the Danish envoy was bribed to say this by the FG.

Bunch of impish cretins.

And no effect on the common man

OkaNaUbe:
When you hear 157% you will think we are talking about technology, finished products, and so on.

The boy above, sai barbarism babarise u

Lol. I though exactly the same. Same old Oil, meaning no job has been created because no finished goods. One slowpoke is chanting sai lifeless baba

UGU export is reall

Only crude oil? They should export the lifeless Buari and all Sai Babarians, to earn more.

H

Nigeria exports energy to Denmark. Denmark exports agricultural resources and household items to Nigeria. The demand for energy is on a scale. This is to say, if Denmark doesn't buy our petroleum products, some other country would demand for it. It is fact that revenue from the sales of petroleum products in Nigeria doesn't go far in improving the standard of living among Nigerians. It sinks into government and its eventually looted. Revenue from the sales of non-crude products do more in improving living standard among Nigerians.

With this, I think if Denmark exports 1million naira worth of agricultural products and households items to Nigeria in a giving fiscal year, and exports 1billion naira worth of petroleum products to Denmark at the same time frame, Denmark is still profiting more from the trade.

Mind you, the Nordic nation has huge energy reserve it isn't exploring yet due to environmental concerns.

Na wetin Nigeria dey export?
Ashawos?

Primusinterpares:
What did Nigeria actually exported to Denmark.

Abi is this guy an APC member?

the people Wu makes this money don't talk, we can never know

And they say we have a lifeless Person at the helm. A lifeless person but still attracts investors

Primusinterpares:
What did Nigeria actually exported to Denmark.

Abi is this guy an APC member?

I was wondering too.

see as IPoB juwus rejected by Israel are confused because of PROGRESS

oneclickng:
Only crude oil? They should export the lifeless Buari and all Sai Babarians, to earn more.

.

CaptainBUGGY:
the people Wu makes this money don't talk, we can never know

really?

so is that how lawless we have become...,?

so some one can export things to another country with out due protocol
na wa o

Arkmanbuddy:


I was wondering too.

no thing we nor go see for This Nigeria wen we dey so

Funny!

Does anyone have any idea what exports they're talking about?

This is truly commendable. Kudos to the Buhari-led government for making businesses in Nigeria strike this fast and far. Even though we had just recently survived one of our worst recession ever, businesses are doing well again and this is being felt even to the grassroots. God Bless Nigeria.

miracood:
zombies will be shouting sai baba


.Buhari must go back to daura 2019 by Gods grace...

The thread is very dry,the wailers have avoided the thread like the ebola virus,they don't want to hear anything good about Nigeria

stigmond:
Okay oh... Export wey no get effect on common man. Una well-done!!!

Lazy Goat The Federal Government will import grass from Europe to feed you.

blacknp:
Lazy Goat The Federal Government will import grass from Europe to feed you.

God bless your dilution soul!!! ���