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.
18 Articles
18 Articles
Nigeria records N12.6tn surplus as total trade hits N41.44tn
Nigeria recorded total merchandise trade worth N41.44 trillion in the second quarter of 2026, with exports significantly outweighing imports, according to data from the National Bureau of Statistics, NBS. The NBS Foreign Trade in Goods Statistics for Q2 2026 showed that the country’s exports stood at N27.02 trillion, while imports were valued at N14.42 trillion. This resulted in a trade surplus of N12.60 trillion during the quarter. The data sho…
Nigeria’s trade surplus doubles to N12.6tn as exports surge
Nigeria’s trade surplus more than doubled to N12.6tn in Q2 2026, driven by surging exports and declining imports. Learn more about crude oil and non-oil tr Read More: https://punchng.com/nigerias-trade-surplus-doubles-to-n12-6tn-as-exports-surge/
Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26
By Yinka KolawoleNigeria’s merchandise trade surplus surged by 66.8 per cent quarter-on-quarter to N12.59 trillion in the second quarter of 2026, from N7.55 trillion recorded in Q1, as a sharp rise in exports widened the gap between the country’s earnings from exports and its import bill. In its foreign trade statistics report released on Monday, […]
Nigeria’s non-crude oil exports overtake crude oil for first time
Nigeria’s earnings from exports of non-crude oil products overtook crude oil exports for the first time in at least six read more Nigeria’s non-crude oil exports overtake crude oil for first time
Nigeria posts over N12trn trade surplus in Q2 2026, says NBS
Nigeria posted a N12.59 trillion merchandise trade surplus in the second quarter (Q2) of 2026, says the National Bureau of Statistics (NBS) The NBS in its foreign trade statistics report yesterday, revealed that total merchandise trade stood at N41.44 trillion in Q2 2026, representing a 5.61 per cent increase from N39.24 trillion recorded in …
Nigeria’s merchandise trade rises 19.13% to N41.44tn
Key Points Main Story Nigeria’s total merchandise trade increased to N41.44 trillion in the second quarter of 2026, representing a 19.13 per cent rise from the N34.79 trillion recorded in the first quarter. The National Bureau of Statistics (NBS) disclosed this in its Foreign Trade in Goods Statistics Report for Q2 2026 released in Abuja […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.
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