Nigeria's Trade Deficit with China Reaches ₦9.9 Trillion

Nigeria's imports from China surged from ₦5.10 trillion in Q1 2026 to ₦5.92 trillion in Q2 2026, totaling ₦11.01 trillion for H1 2026, which is 39.27% of Nigeria's total imports of ₦28.04 trillion. This marks a 14.49% increase from ₦9.62 trillion in H1 2025, despite a decrease in Nigeria's overall import bill from ₦33.14 trillion to ₦28.04 trillion.

In Q2 2026, China supplied ₦5.92 trillion, making up 41.02% of Nigeria's total imports of ₦14.42 trillion. The United States was the second-largest source, providing ₦1.01 trillion (6.97%), while India contributed ₦924.46 billion.

Major imports from China included photovoltaic cells worth ₦184.02 billion and machinery valued at ₦158.73 billion. Nigeria's exports to China totaled ₦1.09 trillion in H1 2026, resulting in a trade deficit of approximately ₦9.92 trillion, indicating Nigeria imported about ₦10.11 worth of goods from China for every ₦1 exported.