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Nigeria Records N12.6tn Surplus as Total Trade Hits N41.44tn

  • Nigeria's merchandise trade surplus more than doubled to N12.60 trillion in Q2 2026 due to stronger exports and a year-on-year decline in imports, according to the National Bureau of Statistics .
  • Total merchandise trade rose to N41.44 trillion in Q2 2026, a 5.61% increase from Q2 2025 and 19.13% higher than Q1 2026, with exports at N27.02 trillion and imports at N14.42 trillion.
  • Crude oil was Nigeria's largest export commodity at N12.91 trillion, accounting for 47.79% of total exports, while non-oil or non-crude exports accounted for the remaining portion of exports.
  • India was Nigeria's largest export destination with goods worth N3.29 trillion, while China was the top import supplier with imports worth N5.92 trillion.
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Nairametrics broke the news on Monday, September 7, 2026.
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